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 ?
Basic deposit accounts also enjoy reduced KYC or "Know Your Customer" requirements but the moment the balance increases above the threshhold, they will automatically be shifted to an enhanced KYC scrutiny.
If a merchant held a deposit account with Square's proposed bank, however, Square would likely be able to reduce that fee, since it can monetize the banking services on the other end of the deposit.
Through a flexi bank account, you can set up a limit on your savings account, based on regular cash needs, and can also transfer any excess money to the fixed deposit account for higher interest rates.
Customers with savings accounts, checking accounts, and money market deposit accounts will have access to their funds as usual.
Finally, Morocco was the country with the most deposit accounts among five MENA countries with available data, having 23.0 million deposit accounts.
Nordax is a leading niche bank in the Nordic region providing personal loans and deposit accounts to over 100,000 customers in Sweden, Norway, Finland, Denmark and Germany.
"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."
(Nasdaq: FMER) said it has announced its external transfer service, which allows consumer and small business customers to transfer money between FirstMerit deposit accounts and accounts held at other financial institutions.
Also, there were 1,408.8 deposit accounts per 1,000 adults at commercial banks in Lebanon in 2013, down 4.2 percent from 1,470 deposit accounts per 1,000 adults in 2012 and compared to 1,099.1 deposit accounts per 1,000 adults in 2006.
Companies took out most money from their deposit accounts whereas the savings is higher by 17 million euro with citizens' deposit accounts.
Many of these businesses offer bitcoin deposit accounts similar to bank savings accounts: A customer transfers his or her bitcoins to an account with the business, and the business records the customer's balance on its books.
The number of deposit accounts of Non-financial corporations and Households and non-profit institutions sectors, serving households (NPISHs) was 12.694 million at the end of March 2013.