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What (who) is bank account - definition
Bank account
![1967 Letter from the [[Midland Bank]] to a customer, informing them on the introduction on [[electronic data processing]] and on account numbers for current accounts](https://commons.wikimedia.org/wiki/Special:FilePath/1967 Midland Bank letter on electronic data processing.JPG?width=200 "1967 Letter from the [[Midland Bank]] to a customer, informing them on the introduction on [[electronic data processing]] and on account numbers for current accounts")
A FINANCIAL ACCOUNT MAINTAINED BY A BANK OR OTHER FINANCIAL INSTITUTION
Bank accounts; Bank account number; 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.
bank account
A FINANCIAL ACCOUNT MAINTAINED BY A BANK OR OTHER FINANCIAL INSTITUTION
Bank accounts; Bank account number; Bank Account
(bank accounts)
A bank account is an arrangement with a bank which allows you to keep your money in the bank and to take some out when you need it.
N-COUNT
Numbered bank account
Numbered bank accounts are bank accounts wherein the identity of the holder is replaced with a multi-digit number known only to the client and selected private bankers. Although these accounts do add another layer of banking secrecy, they are not completely anonymous as the name of the client is still recorded by the bank and is subject to limited, warranted disclosure.
Examples of use of bank account
1. Major assets÷ Wachovia Bank account, $15,001–$50,000.
2. Those who did not or could not set up a bank account were given the option of a Card Account, similar to a very basic bank account.
3. Those who did not or could not set up a bank account, were given the option of a Card Account, similar to a very basic bank account.
4. They had without exception been paid into Labour‘s bank account.
5. Jefferson also overdrew his congressional office‘s bank account.