ABSTRACT
The general dental practitioner (GDP) will almost certainly need the services of a bank for the operation of a practice. In the majority of cases the facility of the lending banker will be of paramount importance but others, more particularly the long-established practitioner, will simply need the straightforward banking facilities. As the GDP’s career develops so too will their demands on the banking fraternity. Current account is of immense value to every GDP as a means of receiving monies and for paying bills. Sometimes the rate of interest on a loan may be higher and on other occasions lower than that charged on a bank overdraft. Sometimes the bank will operate a system whereby the current account is kept at a fixed daily balance and any surplus funds are transferred to overnight deposits. In the case of a dental 'partnership' it will be necessary to have a joint account to collect individual contributions and to pay the pooled expenses.
