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 ?
The Single Deposit Account for funds, received from the fight against corruption, was opened in June 2018.
(PDIC) has decided that it will not exempt banks with basic deposit accounts from paying insurance premiums.
Square says it will offer deposit accounts and loans to small businesses.
Many banks offer investment account services like savings account and fixed deposit or recurring deposit accounts to their customers.
"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."
Further, there were 2.89 million depositors and 4.88 million deposit accounts at commercial banks in Lebanon in 2013.
MSSDA-Minfa Special Saving Deposit Account. 7.50% p.a
"As for the associations and the other legal establishments, they should submit registration documents from the respective authority, a formal approval for opening the deposit account and forms for the authorised signatories who are requested to submit a copy of their ID cards, for the Omanis, and a copy of their residence cards or passports for the expatriates." Muna explained.
As the deposit account pays no England refused to bow to pressure over surging inflation as it held interest rates at their historic low of 0.5%.
The product also enables customers to open new deposit accounts and transfer funds into them via ACH, debit cards, and credit cards.
We weren't even on their radar for business loans or deposit accounts.
"We are proud to present our latest NRI dual deposit account that gives the customers' and their family in Bahrain and India much more flexibility in managing their finances."