bank account

/bæŋk əˌkaʊnt/

/beɪŋk əˈkaʊnt/

Other forms: bank accounts

Definitions of bank account

1. 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”

   types:

   giro account

   an account at a post office that can be used in similar ways to an account at a bank

   checking account, chequing account, current account

   a bank account against which the depositor can draw checks that are payable on demand

   savings account

   a bank account that accumulates interest

   deposit account, time deposit account

   a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest

   dormant account

   a savings account showing no activity (other than posting interest) for some specified period

   passbook savings account

   a savings account in which deposits and withdrawals are recorded in the depositor's passbook

   type of:

   account, business relationship

   a formal contractual relationship established to provide for regular banking or brokerage or business services