bank account

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Related to deposit account: savings account, Demand deposit account

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 ?
Many banks offer investment account services like savings account and fixed deposit or recurring deposit accounts to their customers.
In offering the basic deposit account, banks shall adopt clearly-defined written policies, procedures and controls to ensure due diligence and compliance with applicable rules and regulations," according to the circular.
Banks can customize their basic deposit account product to serve wider markets and harness technological innovations to attract more clients and to service their accounts, provided the necessary controls are in place and the specified minimum key features are strictly observed, BSP said.
Commercial Bank encourages everyone to save - regardless of age, background, status and nationality -- but we particularly encourage Qatari nationals to open deposit accounts during the dividend distribution season to make the most of this opportunity to make a headstart on their savings goals.
88 million deposit accounts at commercial banks in Lebanon in 2013.
Currently, bitcoin deposit accounts should not be characterized as bank accounts or securities accounts, so the individual should briefly describe the nature of the account in the space provided on Parts II or III of the Form 114 (31 C.
NRI dual deposit account, which is a part of the NRI banking facility, is designed to provide a convenient banking experience," said regional head of consumer banking Northern Gulf Levant and Oman B Chandrasekhar.
They would say that, but there is some truth in it - many readers who bought Guaranteed Bonds got only their money back or a lower return than they'd have got from a deposit account.
A Bank of Scotland deposit account would simply sit alongside existing facilities.
For a free guide on the current best rate deposit accounts and cash ISAs ring 0800 544 644.
According to the project manager, the deposit account service allows users to purchase articles on ingenta.
Ante-post wagers will be honoured through the deposit account, which will have the same number as the internet account but starts with the letter K.