What are the downsides of having a current account?

People who apply for it should not expect to gain interest rates as high as that of savings accounts. Remember that the main idea in applying for a checking account is to make funds accessible for you when you need it and not mainly on doubling or saving your money. Moreover, you should avoid issuing bouncing checks or issuing checks with insufficient funds. Doing so will put you to jail and will also affect your credit score.