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Disadvantages of Current Accounts

Answer Text:
Disadvantages of Current Accounts:
Lengthy procedures of opening the account.
-The account holder does not earn any income since the balances in the current account does not earn interest.
-Initial deposit when opening the account is usually high hence discourages prospective customers.
-Customers are not encouraged to save since they can access their money at any time.
-Ledger fees are charged on the account making the operations of the account expensive.