bank account

Definitions of bank account
1

n 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:
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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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