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bank account (plural bank accounts)

  1. A fund deposited by a customer (the depositor) in a bank from which they can make withdrawals.
  2. (Can we verify(+) this sense?) The formal relationship established between the depositor and the bank.
    • 2006, Apostolos Ath. Gkoutzinis, Internet Banking and the Law in Europe, →ISBN:
      In practice, as far as bank account services and electronic transfers of funds are concerned, the institutional and operational structure of national banking and and payment systems does not guarantee that cross-border banking operations enjoy the same level of automation, standaridzation and low cost as purely domestic transactions.
    • 2009, Walter Tyndale -, Fundamentals of Offshore Banking: How to Open Accounts Almost Anywhere, →ISBN:
      In the United States, for example, owners of foreign bank accounts are required to notify the IRS of these accounts.
    • 2012, Great Britain: Parliament: House of Commons: Treasury Committee, Access to Cash Machines for Basic Bank Account Holders, →ISBN:
      Lloyds TSB basic bank account customers can now use all cash machines across Lloyds Banking Group (which includes Halifax, Bank of Scotland and Cheltenham & Gloucester).
    • 2017, Essam Yassin Mohammed & ‎Zenebe Bashaw Uraguchi, Financial Inclusion for Poverty Alleviation, →ISBN:
      Could this possibly mean that the mobile bank account services have overcome these barriers for the users?
  3. (Can we verify(+) this sense?) A statement summarizing credit and debit transactions with the account; a bank statement.
    • 2012, Jane Kelly, Sage 50 Accounts For Dummies, →ISBN, page 264:
      Reconciling your bank accounts normally forms part of your monthly accounting routine.
    • 2013 -, Heather Smith, Xero For Dummies, →ISBN:
      The last bookkeeper sat down at her computer, opened up a Xero file, created some bank accounts with activated bank feeds, and reconciled the accounts in Xero.
    • 2014, David Ammons, Municipal Benchmarks, →ISBN:
      Among the cities examined for this volume, most of those reporting reconciliation statistics attempted to reconcile bank accounts within 30 days of month's end, but some were considerably quicker.

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