(i) Do not have to maintain a minimal balance unlike in other accounts.
(ii) The holder can give postdated cheques if need arises thus enabling clearing of debts at future date.
(iii) One can withdraw large sums of money without any notice.
(iv) They offer bank overdraft facilities.
(v) Enables the holder to pay creditors using a cheque without necessarily travelling to the bank.
maurice.mutuku answered the question on July 26, 2017 at 05:27
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