Most adults in the UK have a bank account as a home for money that will be needed immediately, for example to pay household bills. For this purpose, many people in the UK have a bank account with a cheque book and/or a debit card that can be used to pay money immediately.

Most current accounts pay little or no interest and levy charges for their services, although some do now pay interest, even on relatively low balances. Essentially, a current account is merely a secure and convenient place to store cash.

Cash can be withdrawn at any time without notice.