bank account


Also found in: Dictionary, Thesaurus, Financial, Idioms, Encyclopedia, Wikipedia.

bank account

a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.
References in periodicals archive ?
Mobile money services for the unbanked are showing much faster adoption and steeper revenue growth than m-wallets and related services addressing those with a bank account, according to a new report from Pyramid Research.
Another key element is that the text establishes the right for everyone to have access to a basic bank account.
About 6,000 of the 18,133 British expats on Cyprus use a British bank account already and so are not affected by the freeze.
Customers who do not currently have another bank account may wish to open one.
Police on Friday arrested a 53-year-old man in central Japan's Aichi Prefecture who opened a bank account to which money was transferred illegally from the account of a Sumitomo Mitsui online banking customer in a phishing scam.
This leaves just one bank, Barclays, offering a bank account to those struggling to exist financially.
Only one respondent reported that he had been refused a bank account by the bank because of a failure to submit documents.
Summary: DUBAI - Emirates NBD Securities announced that it has made available more trading options for its customers through their Dirham bank account; this is yet another valuable opportunity for Emirates NBD Securities customers which allows them to trade on NASDAQ Dubai using their existing bank account in Dirham.
com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: "Foreign Bank Account Reporting and Enforcement Update: The Internal Revenue Service's 2011 Offshore Voluntary Disclosure Initiative and the New FBAR Regulations.
Charity Citizens Advice said the majority of banks were refusing to let undischarged bankrupts open even a basic bank account, that did not have a credit facility, despite there being no legal justification for this.
EVERYONE will be guaranteed access to a basic bank account under plans announced in yesterday's Budget.