current account
noun [ C ]
UK ukus( abbreviation C/A) BANKING ( UK also cheque account); ( US checking account)
a bank account that you can take money from at any time and use for making payments , that usually earns little or no interest:
She opened a current account with an online bank.
in/into sb's current account He is considering what to do with around £5,000 he has in his current account.
out of/from sb's current account I transfer my mortgage repayments monthly from my current account.
a current account holder/customer
ECONOMICS
a measure of the money going into and out of a country in the form of exports and imports, income from interest and payments from foreign stocks, and other payments:
Much of the improvement in the current account balance has come from a sharp decline in imports.
This year has seen the country's first current account surplus in a decade.