pros and cons current accounts

• pros of standard accounts

  no charges on credit balances and it is convenient for receiving and withdrawing money
• cons of standard account?

  only provides standard features and could have high charges on overdraft
• pros of basic current account

  its available to customers with a low credit rating and you can pay and withdraw cash
• cons of basic account

  does not provide you with a debit card and there is a limited facility
• pros of student account

  the added extras are made to meet the needs of students and course fees and loans can easily be handled
• cons of student current accounts

  overdraft facilities could encourage students to overspend and charges for overs spending are high
• pros of premium/ package account?

  they contain additional perks such as travel and phone insurance and offers a range of facilities such as a debit card, cheque book and overdraft
• cons of a premium account

  needs additional monthly charges and it may not provide the value for money for certain people