You agree not to waive any right you have to recover your loss from anyone who is required to reimburse, insure or otherwise reimburse you for your loss. You will exercise your rights or assign them to us at our discretion so that we can exercise them. Our liability will be reduced by the amount you recover or have the right to claim from these other sources. A current account is a deposit account with a financial institution that allows withdrawals and deposits. Also known as current accounts or transaction accounts, current accounts are highly liquid and can be called with checks, ATMs and direct debits, among others. A checking account differs from other bank accounts in that it often allows for many unlimited withdrawals and deposits, while savings accounts sometimes limit both. .