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 ?
88 million deposit accounts at commercial banks in Lebanon in 2013.
Interested customers can open the special fixed deposit accounts at any Bangkok Bank branch nationwide.
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.
Bank of Scotland Corporate Specialist Deposit Services provides deposit accounts and expertise to a range of business sectors that includes corporate customers, IFAs, insolvency practitioners, specialist customers ( such as charities, universities and colleges ( public bodies, trusts and pension funds, as well as holders of client funds ( for example solicitors, stockbrokers and property agents.
The first deposit account of its type to be launched in the UK by a building society, it allows investors to participate in the growth achieved by five top-ranked funds investing in stock and bond markets around the world - but with your original capital guaranteed.
The bank said it will do so to ease the cost rise from massive inflows of depositor funds to its ordinary deposit accounts amid the imminent abolition of the government's full protection on time deposits.
Virgin Direct has launched a base-rate tracking deposit account that promises never to pay less than one per cent below the UK base rate and to mirror base rate changes within days - and never longer than one month - of any movement.
As tenant security deposit accounts pay less than 3 percent these days and, in some states like New York, the landlord is entitled to retain 1 percent of the principal amount deposited as an administrative fee, the return on a cash security deposit is almost nil.
Reserved for DISTINGO passbook savings account holders, the fully online DISTINGO "Fixe" term deposit account offers an attractive investment opportunity, with a guaranteed compound gross annual return of 3.
Oman-based Al Hilal Islamic Banking has announced that it has started a new term deposit account.
Bank of London and The Middle East (BLME) has decreased the minimum investment amount required to open a Premier Deposit Account (PDA) from GDP 50,000 to GDP 25,000.