bank account

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”
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    types:
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    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
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