bank account
bank account (phr)
English Definitions:
bank account (noun)
a fund that a customer has entrusted to a bank and from which the customer can make withdrawals
"he moved his bank account to a new bank"
bank account (Noun)
a fund deposited by a customer (the depositor) in a bank from which they can make withdrawals
bank account (Noun)
the formal relationship established between the depositor and the bank
bank account (Noun)
a statement summarizing credit and debit transactions with the account
Bank account
A bank account is a financial account between a bank customer and a financial institution. A bank account can be a deposit account, a credit card, or any other type of account offered by a financial institution. The financial transactions which have occurred within a given period of time on a bank account are reported to the customer on a bank statement and the balance of the account at any point in time is the financial position of the customer with the institution. a fund that a customer has entrusted to a bank and from which the customer can make withdrawals.
Bank account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from loan loaders. The financial transactions which have occurred on a bank account within a given period of time are reported to the customer on a bank statement, and the balance of the accounts of a customer at any point in time is their financial position with the institution.
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"bank account." Kamus.net. STANDS4 LLC, 2024. Web. 6 Nov. 2024. <https://www.kamus.net/english/bank+account>.
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