bank account

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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 ?
Headquartered in Canary Wharf, BABB is an FCA Authorised Payment Institution that is developing a decentralised banking platform to provide clients worldwide with a bank account, payment card, and access to its global peer-to-peer network, designed for people who are dissatisfied with existing banks.
Presidential spokesman Harry Roque said Duterte has given the public permission to look into his bank accounts to dispel claims that he has undeclared wealth.
The Senate Standing Committee on Finance and Revenue discussed the compulsory biometric policy to open bank accounts and difficulties faced by the citizens in this regard.
There is a wide range of bank accounts for customers where they can deposit their hard-earned money and enjoy fixed interest rates on their investments.
SEBL is providing all sorts of supports to the students for opening bank accounts, he added.
Islamabad: A report submitted by the State Bank of Pakistan (SBP) to the joint investigation team probing the rape and murder of Zainab Amin has found that the prime suspect in the case did not maintain any bank accounts unlike previously alleged by a TV anchor, media reported on Friday.
Punjab government's spokesman Ahmad Malik Khan said the joint investigation team (JIT) formed to investigate the allegations levelled by the anchor had finalised its findings on the bank accounts of suspect Imran and submitted its report to the Supreme Court for further action.
LAHORE -- The State Bank, in a letter to the joint investigation team formed to probe the rape and murder of Zainab, confirmed that suspect Imran Ali had no commercial bank accounts.
MORE than 900,000 no frills basic bank accounts were opened in the year to June, bringing the total number of the fee-free accounts open to nearly five million, Government figures show.
MORE than 900,000 "no frills" basic bank accounts were opened in the year to June, bringing the total number of the fee-free accounts open to nearly five million, Government figures show.
Summary: New Delhi [India], December 19 (ANI): State refiner Hindustan Petroleum Corporation (HPCL) on Monday wrote a letter to Airtel, seeking a reversal of subsidy amounts that have been wrongfully credited to the Airtel Payment bank accounts.
According to Global Findex 2014 only about 13% of the population has conventional bank accounts.