Current accounts are usually non-interest bearing deposit accounts which are designated to perform day-to-day banking transactions: money can be withdrawn from a current account or deposited to such an account without any restrictions. To facilitate the banking transactions, current accounts are as a rule provided together with payment cards (debit or credit cards). Moreover, current accounts are often offered with overdraft possibility: the account holder can keep withdrawing money from the account even when the account has no funds or the funds are not enough to cover the withdrawal.

Benefits

Additional information

Interest is calculated daily and credited to your account in April and October

No interest is payable if the balance falls below the minimum account opening balance

Eligibility

If you’re new to VERGE BANK, you’ll need to hold a minimum $ 50,000 or currency equivalent across your accounts and investments or have a sole minimum salary of $ 100,000 currency equivalent.

You’ll need to maintain a minimum balance of $ 10,000 currency equivalent.

How to apply

VERGE BANK customers

To apply for a Currency Savings Account, simply log on to your existing online banking account and follow the onscreen instructions.