Contemporary story of banking facility (7,7)

I believe the answer is:

current account

'banking facility' is the definition.
(I've seen this before)

'contemporary story' is the wordplay.
'contemporary' becomes 'current' (similar in meaning).
'story' becomes 'account' (synonyms).
'current'+'account'='CURRENT ACCOUNT'

'of' is the link.

(Another definition for current account that I've seen is " Banking facility".)

I've seen this clue in The Daily Express.

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