ˈcurrent account [current accountcurrent accounts] BrE NAmE (BrE) (US ˈchecking account CanE ˈchequing account) noun a type of bank account that you can take money out of at any time, and that provides you with a ↑chequebook and ↑cash card compare ↑deposit account See also: ↑checking account▪ ↑chequing account