Which is a feature of a packaged current account?

A packaged current account is characterized by a range of transactional features that are bundled together for the customer. This can include a variety of benefits such as overdraft facilities, debit cards, online banking, and additional services like travel insurance or mobile phone insurance. These features cater to customers who desire convenience and a comprehensive banking experience in a single account.

The presence of multiple transactional features makes it appealing for those looking to have various banking needs met under one account, thus providing enhanced functionality compared to a standard current account.

In contrast, the other options do not accurately capture the essence of a packaged current account's offerings. While some packaged accounts might have no monthly fees or fixed interest rates, these are not defining characteristics of all packaged current accounts. Mandatory deposits also do not typically apply across the board, as these accounts usually emphasize additional features rather than requiring a specific deposit amount.