Creating a Smiki account is now as obvious as getting your ID card right after your eighteenth birthday. However, you don’t have to wait that long to enjoy the convenience of storing money in a bank. There are different types of bank accounts. Accounts for children are set up from the age of 13, so they can be set up much earlier. Each account has a different purpose and targets a different group of customers. Therefore, this is the reason for the creation of various offers.
Types of bank accounts can be divided into several categories.
The first type is personal accounts . Everyone can create such an account. It is not only used to store cash. It is also helpful in carrying out all kinds of transactions, such as transfers or bill payments. The best part is that you don’t have to leave your home to perform this operation. We can do everything immediately, by computer or even by phone. The funds accrued are interest-free, and account maintenance fees are very low or even reduced to zero. You can also apply for a card with which you can pay in stores without having that cash on you. Usually, low amounts are contactless and you don’t need to enter a pin, which is also convenient and quick.
Accounts for companies
There are also accounts for companies . It accumulates funds for running its own business. With this account you can not only make transactions with customers, but also provide insurance or pay taxes. Sometimes companies have a current and auxiliary account, which additionally helps in making transactions. Savings accounts, on the other hand, are used to accumulate funds at a certain interest rate. Despite the fact that funds are multiplied, the customer can use them at any time. Such an account is a combination of a deposit and a personal account, because unlike deposits, funds can be freely managed. Free access to funds does not result in loss of interest. The downside is usually the requirement to have a personal account in the same bank, but you have to check each offer yourself.
A currency account is used to make transactions in a foreign currency. It can be founded not only by companies, but also by individuals who receive remuneration in a different currency. They can also be created because of frequent travels, paying off credit or making purchases in foreign stores.
Youth and student accounts
There are also youth and student accounts . They belong to people in the age group 13-18 and 18-26 years old. Their possession is associated with low fees for keeping the account. Sometimes basic operations are also free, and there are no requirements for monthly inflows. It is ideal for such people, because usually their revenues are small. Young people at this age are still supported by their parents or are just entering the labor market, which means that their earnings are still too low.