check account definition
7e37a69d0ce4b40929ee4284ebdd557c
What is a Checking Account? Definition: A checking account is a variety of deposit accounts held by a bank or credit union (financial institution) that allows a customer to deposit and/or withdrawal funds on a normal basis. Checking accounts are considered to be the most liquidvariety of deposit accounts in that the funds are available immediately and are accessible through a variety of withdrawal methods.
d79d12dc67aa8b7617b58ed71369bdfd
Check kiting Kiting is commonly defined as intentionally writing a check for a value greater than the account balance from an account in one bank, then writing a check from another account in another bank, also with non-sufficient funds, with the second check serving to cover the non-existent funds from the first account.iting is commonly defined as intentionally writing a check for a value greater than the account balance from an account in one bank, then writing a check from another account in another bank, also with non-sufficient funds, with the second check serving to cover the non-existent funds from the first account.
bf7a73475aa7d8111fd36666ce431847
What is a 'Money Market Account' What is a 'Money Market Account'. A money market account is an interest-bearing account that typically pays a higher interest rate than a savings account, and which provides the account holder with limited check-writing ability. A money market account thus offers the account holder benefits typical of both savings and checking accounts. This type of account is likely to require a higher balance than a savings account and is Federal Deposit Insurance Corporation (FDIC) insured.
0327ea7f500f9cb8cdc8cee564929160
Bank The bank account balance is the financial position between the bank and the customer: when the account is in credit, the bank owes the balance to the customer; when the account is overdrawn, the customer owes the balance to the bank.
772f2384e705cdd3b62a006e1527d527
- DEFINITION of 'Checking Account'. A transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods. transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods.
86432e87ec8285d8d49ee99ba4526c4f
DEFINITION of 'Convenience Check' DEFINITION of 'Convenience Check'. Checks linked to a credit card account that can be used for purchases or cash advances, as long as the credit limit on the card is not exceeded.
e2d925a233067ff5eef8d597d348eebf
- DEFINITION of 'Checking Account'. A transactional deposit account held at a financial institution that allows for withdrawals and deposits. Money held in a checking account is very liquid, and can be withdrawn using checks, automated cash machines and electronic debits, among other methods.
4823f83eddffaa24f20821965f4c3c86
- bank account. 1  an account with a bank. 2  balance standing to the credit of a depositor at a bank.
f265984add23976fdf7253a428781710
account balance account balance. Definition. The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance. Use account balance in a sentence. “ The account balance was too high and that made everyone worried that the man would get greedy and not pay anyone.
6c341580b2a4210838962e400ea3291d
Where PowerPoint Templates are Stored? Accordingly to Microsoft, and the articled published here How to manage templates in 2007 Office programs and in 2010 Office programs, PowerPoint templates are stored under this folder in Windows 7: C:\Users\\AppData\Roaming\Microsoft\Templates. But you can change the default location for PowerPoint templates if you need.
862dde2582a1ca486132ddb53be1c2e2
- Equity. See some accounts explained below: 1  Cash in Checking: cash used to pay expenses or deposit revenue. 2  Cash in Savings: cash kept in a depository account. 3  Cash on Hand: cash kept for small expenditures (Petty Cash) or cash kept in cash registers. 4  Accounts Receivable: sales on credit. 1. Definition of a chart of accounts in accounting. 2  2. Balance sheet accounts within a chart of accounts. 3  2.1. 4  Example of a chart of accounts with the balance sheet elements.
da33ff79fec97c24b6fe4daba6b53128
Depository Services Checking accounts are the fundamental tool for a business' deposits and disbursements. We have a variety of checking accounts for mid-size to large businesses, non-profits and governmental entities. Please contact your Relationship Manager to determine what checking product best fits your business needs.
25ae160034a18c7ab8e01b28bc66eb32
- Due to the significance of the information provided on the check, it is important for people to know what the numbers imply in case they are requested by any financial institution. The most important info on a check is the account number which refers to the actual account that has the funds being transacted. The account number is complemented by the check number which appears at the top corner of the check and also in the series below the check.
182ac1c901bbfe4dd8e26ab4b67496de
What is a 'Checking Account' Checking accounts can include commercial or business accounts, student accounts and joint accounts, along with many other types of accounts that offer similar features. A commercial checking account is used by businesses and is the property of the business. The business’ officers and managers have signing authority on the account as authorized by the business’ governing documents. Some banks offer a special free checking account for college students that will remain free until they graduate.
5de33a1369ae3f509d1de442e7101562
Shadow accounting A definition of the phrase numbered account is presented. It is a Swiss invention designed to allow depositors to hide behind a veil of secrecy. A numbered account in Switzerland differs from ordinary bank accounts in the country only in the number of people who know the true identity of the...
70c4849ea2e2c8561fb23b90d4621d86
What is a 'Deceased Account' DEFINITION of 'Deceased Account'. A bank account, such as a savings or checking account, owned by a deceased person. When a bank receives notice that a customer has died, it will freeze his/her account(s) while waiting for direction from the authorized court regarding payment to heirs and creditors. Next Up.
5580b9f8d78706e2cdbe81a6edaf1526
account brokerage account-a fund that a customer has entrusted to a securities brokerage; you can't get a brokerage account unless you have $20,000. bank account-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.
676f19eede424868739b864c9d4c573e
- Definition of account balance: The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also... Definition of account balance: The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also... Home Articles
063d52e73a86c75d81c669afb80c6ea3
What are 'Bank Deposits' In turn, the account is a liability to the bank. There are several different types of deposit accounts including current accounts, savings accounts, call deposit accounts, money market accounts and certificates of deposit (CDs). A current account, also called a demand account, is a basic checking account.
485a65c7b90f4ac04c565e993854d455
- DEFINITION of 'Account Number'. The primary identifier for ownership of an account, whether a vendor account, a checking or brokerage account, or a loan account. An account number is used whether or not the identifier uses letters or numbers. Chart Of Accounts.
f125e9c1ebafe504116b43b909198e9c
Lose 75 Pounds in 16 Weeks! So, yes, you can lose 75 pounds in 16 weeks—in fact, you can lose 75 pounds in two minutes if you have a sharp Homelite and a bottle of Wild Turkey. Some people, however, will prefer to the second method: losing water.o, yes, you can lose 75 pounds in 16 weeks—in fact, you can lose 75 pounds in two minutes if you have a sharp Homelite and a bottle of Wild Turkey. Some people, however, will prefer to the second method: losing water.
a199f25a58b0610ae30f2bcd7b213ef6
DEFINITION of 'Account Number' DEFINITION of 'Account Number'. The primary identifier for ownership of an account, whether a vendor account, a checking or brokerage account, or a loan account. An account number is used whether or not the identifier uses letters or numbers. Next Up.
03e6c6fe6d2270c947a0ecb3bc19d338
What is a 'Check' In legal terms, a check is a bill of exchange, or a document guaranteeing a certain amount of money, where the drawee is a bank. The use of checks allows two or more parties to make a monetary transaction without actually exchanging currency; rather, the amount for which the check is written is a substitute for physical currency of the same amount.
195579148e139dd9f5b057f447abcdaa
DEFINITION of 'Bad Check' DEFINITION of 'Bad Check'. A check drawn on a nonexistent account or on an account with insufficient funds to honor the check when presented. Passing bad checks is illegal, and the crime can range from a misdemeanor to a felony, depending on the amounts involved and whether the activity involved crossing state lines. Next Up.
869dc5e8c5ddcd08a05b451561248b95
account statement account statement. 1. General: Summary of all transactions with a customer or a supplier that occurred over the previous month, quarter, etc., and their effect on an open-account balance. Also called a statement of account. 2. Banking: Alternative term for bank statement.
1acf7e2909ee110ac9b6454fa958afcb
bank account 1. 1  an account with a bank. 2  balance standing to the credit of a depositor at a bank. 3  an account created by the deposit of money at a bank by a customer. 4  the amount of moneys credited or debited to a depositor at a bank.