Current Account is an account with no limit on transactions. Transactions can be done in a day and hence are also known as Transactional Accounts. These types of accounts are held neither for investment purpose nor for savings purpose but only for the convenience of trading as these accounts are the most liquid type of accounts. Banks engaged in these accounts; do not pay any interest on the amount and in some cases even charge a small fee for the services they provide. These types of bank accounts are usually opened by businesses because there is the high side of the transaction.