What is one advantage to the consumer of having a basic current account?

Having a basic current account offers consumers the significant advantage of being able to deposit money. This feature allows individuals to safely store their funds, manage daily expenses, and maintain financial stability. With a current account, consumers can easily access their money via withdrawals or debit card transactions, which are essential for everyday financial activities. Moreover, having a secure place to deposit money helps in budgeting and controlling spending, as it separates funds designated for expenses from other savings or investment accounts.

While taking out loans, earning high interest rates, and having investment options might be attractive benefits, they are typically associated with other types of accounts or financial products rather than a basic current account, which is focused on providing fundamental banking services.