How to choose the current account

The current account , whose full name is correspondence current account , is an important banking tool that is used by savers to manage money. It is a savings instrument, as it allows you to collect money through payments, as well as other functions such as paying households.



When it comes to understanding how to choose the current account there are many factors that must be taken into account. First of all, what will be the use that we are going to make of it. One type of current account, compared to another, can give us greater economic benefits or allow us to save on management costs.

First of all, to know how to choose the current account, we need to identify what our needs are and, consequently, what contract meets our expectations. If we are looking for special services, which go beyond normal counter activities, then we need to carefully choose the services offered and avoid stopping to evaluate the monthly fee or the interest rate offered. Basically, we can say that the best current account is the one that best suits our requests.

How to choose the current account



HOW TO CHOOSE THE CURRENT ACCOUNT
How to choose a current account essentially means finding the one that best suits our needs; we must therefore, first of all, ask questions about its use. The main one is: does it serve to satisfy an individual need or an entire family?

Once this is established, we make a list of all the services (such as credit cards, online banking service, etc.) that we believe are essential. Generally there is always a bit of fear in opening an online bank account, which has now become very economical.

The main services offered by a current account are:

salary credit;
mortgage payment debit;
credit interest on loans;
pension credit;
Rid;
payment and issue of checks;
credit and payment of bank transfers;
liquidity transfers;
payment of domestic utilities;
telephone top-ups;
F24 model payment;
Before going to a credit institution to open a current account, it is also essential to decide whether the account will be made out to one or more persons and whether the transactions will be carried out by single or joint signature.

INQUIRE ABOUT THE COSTS OF THE ACCOUNT
Once the type is identified, the second step in choosing the current account is to pass on the collection of cost information. The cost of managing the account consists of the following items:

fee : usually it is a fixed thickness, which can be annual or monthly. Recently a new type of contract has taken hold, which provides for the absence of a cost in exchange for the non-recognition of any interest on the deposited figures.
commissions : these are fixed amounts that are paid each time we use the counter operations, such as withdrawals, bank transfers, credit card payments.
stamp : this is a charge for the possession of the current account
account statement: cost incurred for the periodic posting of the statement and various communications.
services : these are ancillary services concerning the management of securities, etc.
OPEN THE BANK ACCOUNT
To open the current account, the following documents and requirements are required:



valid identity document
fiscal Code
not be bankrupt
To open an account, go to the counter with the necessary documents. At this point we will propose the contract, which will be signed in its entirety. By signing the contract we accept all the rules that regulate it.

Once the contract is signed, you become a current account holder and you will be in possession of an account number, any passwords for home banking and bank account details. You can also request the check box , which allows us to make payments.

BANK DETAILS: WHAT THEY ARE
This topic is not strictly related to how to choose the current account, but still has its importance in the use of the account. Now let's see specifically what are and how are made the bank details:

Abi : this is a number consisting of 5 digits, which correspond to the ID of the Credit Institute;
Cab : is a 5-digit number that identifies the specific agency;
Cin : is an alphanumeric code for checking the veracity of both the IBI and the Cab;
BBAN : it is a code composed of at least 13 characters that works as a bank coordinator;
Bic / Swift : it is a code used in international operations to identify the beneficiary's bank;
Iban : is a 27-character code essential to make and receive wire transfers worldwide
HOW TO CLOSE A CURRENT ACCOUNT
In addition to knowing how to choose a current account, it is important to know how to close it.

Once our account is open, we do not have to manage it in the best way. But, if we need to move another city or abroad, how do we proceed to closure?

First of all we must keep in mind that, with the entry into force of the Bersani Decree, the old account closing costs have been canceled. Therefore, the Institute is not required to ask you any costs for closure.

To close our account we must go to the counter and submit a signed request, which will be sent to the central office by registered mail with acknowledgment of receipt.

With the closure of the account, all transactions that were carried out through the account, such as payment of the user, etc., are also deactivated. In the case of a loan, we will have to arrange for the transfer to the new bank.