I know there is already a question called “Savings” account vs. “current” account - what's the difference?" on the site but bear with me, I believe that doesn't answer my doubts.
I know very well what the difference between a "checking account" and a "savings account" is supposed to be in the US - mainly that you are not able to withdraw from a savings account more than 6 times in a month and that a current account doesn't give interests. However I live in Hong Kong now and I've been struggling to find out the difference between "current account" and "savings account" here(and also in Singapore, presumably), since the information on banks' website has been really obscure.. I seem to be able to withdraw for unlimited times from my bank from my savings account(or if there's a limit, I never encountered it), and even the minimum deposit to open an account remains the same for both accounts. It seems to me the only difference is that you're able to write checks for current account, and that the current account doesn't give any interest(even though interest from savings account is also very very little). Is that the case? If so, what's the need for having separate types accounts for an individual anyways.
I'm now trying to learn basic personal finance concepts but it seems that I can't just apply US concepts to Hong Kong straight away, so I'm quite confused. Thanks in advance!