bank account

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A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from loan accounts.
The financial transactions which have occurred on a bank account within a given period of time are reported to the customer on a bank statement, and the balance of the accounts of a customer at any point in time is their financial position with the institution.

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  1. BigManCave

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  4. A

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    WA Beneficiary's access to bank statements

    Hi, Can beneficiaries access a deceased persons bank statements and do they need permission from the Executor or other beneficiaries?
  6. M

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  7. N

    WA Trustee for a minor's bank account

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  8. Danilou

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  9. D

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    What section of the Bank Act covers - In the matter of disputed transactions - should the card have been stopped? In the matter of overdrafts - with no overdraft agreement how can the accounts be overdrawn? Thank you