A Current Account is a financial statement that tracks the flow of money in and out of a country. It includes transactions like exports and imports of goods and services, income from investments, and transfers like remittances. A positive current account balance means a country is earning more from its exports than it spends on imports, while a negative balance indicates the opposite. In personal finance, a Current Account can also refer to a type of bank account that allows for frequent deposits and withdrawals. This account is useful for everyday transactions, such as paying bills or making purchases, and often comes with features like debit cards and online banking.