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Current accounts can be opened by individuals, sole proprietorships, partnerships, limited liability companies, and trusts. The eligibility requirements for opening a current account vary from bank to bank, but most banks require that you have a valid ID, proof of address, and a source of income.
A corporate account is a type of bank account businesses can use to manage and store their funds. If you work in business, you may hear this term, and if you move into a senior position, you may have access to a corporate account. Learning more about these accounts can help you succeed in your business role and effectively manage an account for your organization. In this article, we explain what a corporate account is, provide the benefits, explain who can open one and provide tips to help you manage a corporate account during your business career.
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