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 ?
The Economic and Financial Crimes Commission (EFCC) said it has frozen three bank accounts linked to the immediate past Governor of Lagos State, Akinwunmi Ambode, containing a total of N9.9 billion.
Dubai: Do you have a joint bank account with your spouse?
As per section 8 of the Assets Declaration Act, 2019, the condition to declare cash was to deposit such cash in the declarants bank account and to retain it in the bank account up to the 30th day of June, 2019.
As per section 8 of the Assets Declaration Act, 2019, the condition to declare cash was to deposit such cash in the declarant's bank account and to retain it in the bank account up to the 30th day of June, 2019.
The prosecutor informed that suspicious transactions of billions of rupees had been made in the bank account of the Zardari Group from fake bank accounts, adding that the account was being operated by Talpur.
The FBR headquarters has linked the freezing of bank accounts with prior approval of the FBR chairman and intimation to the accountholder at least 24 hours before freezing the bank account.
5 (Petra) -- Stemming from the Central Bank of Jordan's (CBJ) keen interest in granting access for all the financially excluded segments of the society to banking services; the CBJ issued the "Instructions of the Basic Bank Account", the provisions of which will apply to all operating banks in the Kingdom.
ISLAMABAD -- Following an intervention from the National Accountability Bureau (NAB), the bank account of Pakistan Engineering Company (PECO), blocked by a private bank, has now been restored, it was learnt on Tuesday.
CBI said it is easy to open a bank account or obtain a bank card for Iranian citizens.
households did not have a primary bank account. That is down from 7 percent in 2015 and from a high of 8.2 percent in 2011.
The percentage of Americans who do not have a bank account fell to a record low last year, the Federal Deposit Insurance Corp.
The transactions involved the transfer of funds from the constituency's CDF commercial bank accounts to the law firm's bank account," EACC's investigator Mary Yator told the court in the application.She stated that according to the Constitution and the EACC Act, 2011, the commission has the authority to conduct investigations into allegations of corruption and economic crimes.