Individuals
Checking Account
Corporate Checking Account

Checking AccountCorporate Checking Account

Definition

Also known as a current account or deposit account, is a type of bank account used in commercial and financial relationships between two parties who agree to merge reciprocal claims and debts, resulting in a single balance.

Associated Services
Remote banking services (C-Mobile, C-Online); checkbook; wire transfers; bank account certification.
Benefits
  • Easy access to funds within the network;
  • Ability to grant third-party access to perform account operations;
  • Ability to issue checks and perform wire transfers;
  • Ability to cash checks from other banks within 24 hours;
  • Ability to make international fund transfers;
  • Ability to monitor and control banking charges;
  • Transparency: simplified and consolidated banking information on account statements;
  • Ability for account balance to fluctuate between debit and credit.