Definition Of A Bank Account. Definition of Bank account in the Definitions.net dictionary. Businessbalance standing to the credit of a depositor at a bank.
An Active bank account is one that is being used actively or regularly by the account holder (Customer).
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Before opening a bank account, it's important to understand the different types of accounts available so you can choose one with benefits and services that match your daily needs. This stands for Bank Identifier Code and is a number that identifies your bank. If you're a customer of a large bank (not a small-town savings-and-loan.
