What is another word for bank account?

What is another word for bank account?

What is another word for bank account?

account checking account
deposit savings account
current account deposit account
funds joint account
loan account

What is the synonym of accounts?

Synonyms for account (for) attribute, explain, explain away, rationalize.

How many words is a bank account number?

It consists of 34 alphanumeric characters that identify the country, bank, branch, and account.

What is another word for bank statement?

A bank statement is also referred to as an account statement. It shows if the bank is accountable with an account holder’s money.

What is another name for savings account?

What is another word for savings account?

nest egg savings
account budget
cache deposit
fund funds
kitty life savings

What is another name for cash account?

What is another word for cash account?

cashbook cash payment journal
cash receipts and payment journal cash receipts journal
daybook ledger
transaction ledger transaction register
waste book

What is the synonym for explain?

synonyms for explain

  • analyze.
  • clarify.
  • define.
  • demonstrate.
  • describe.
  • disclose.
  • expound.
  • illustrate.

What is the synonym and antonym of account?

noun. ( əˈkaʊnt) A statement of recent transactions and the resulting balance. Antonyms. activeness attack start stay fall back earned run unearned run. financial statement profit and loss account accounting profit and loss expense account.

How do I read my bank account number?

Ways to find your transit number and account number

Find the number associated with your deposit or Personal Line of Credit account which appears in the format xxxxx-yy-yyyyy: the first 5-digit number [xxxxx] is the transit number and the last 7-digit number [yy-yyyyy] is the bank account number.

What is OD account number?

What is OD Account? OD account stands for Overdraft account. It is a type of account in which you can withdraw amount even if there is no fund in your account. The bank sanctions a specific limit and your account can go in negative up to that limit.

What’s a bank account statement?

A bank statement is a document from the bank that covers a specific time period, usually a month, that shows all the activity on your account for a time period. The activity shown on your bank statement includes information such as processed deductions and deposits, your average daily balance, and any interest earned.

How do you read a statement of account?

How to Read a Bank Statement

  1. Bank information. Your bank’s contact information should be on your statement, including your phone number and mailing address.
  2. Personal information.
  3. Statement period dates.
  4. Starting and ending balances.
  5. Transactions.
  6. Fees.
  7. Interest earned.

What are the 3 types of savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit.

What is chart of accounts?

A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories.

What is another name for Cheque account?

The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held.

What word means to explain in more detail?

To explain meticulously or in great detail. explicate. explain. clarify. elucidate.

What do you mean by explain briefly?

verb. If you explain something, you give details about it or describe it so that it can be understood. […]

How do you use account in a sentence?

Account sentence example

  1. That account has $10,000 in it.
  2. Mr.
  3. Her bank account was rarely over two hundred.
  4. He takes care of the bills and he puts money in an account for me.
  5. I read the whole account online.
  6. He could account for the correct mileage on the car if he used a tow bar that kept the wheels on the road.

What do the numbers in a bank account mean?

The first number on the left is the nine-digit bank routing number. The middle number is your account number. The third number is the number of the check.

Can you tell bank by account number?

You cannot determine from the account number alone what bank holds the account. You can, however, determine what bank holds the account from the routing number (9-digit number for banks in the United States).

What is CC and OD?

Difference between Cash Credit and Overdraft

Cash Credit Overdraft
Purpose
For maintaining the working capital of the business, cash credit is offered Overdraft facility is offered for meeting short term obligations of individuals or businesses
Rate of Interest

What is 11 digit account number?

Indian Financial System Code
This is an 11-digit alphanumeric code that consists of two major components, bank code, and branch code. The first 4 digits are the bank code and the last 6 digits are the branch code followed by a zero.

How can I check my bank account details?

Navigate to your bank’s website on a computer or open up their mobile app on your phone or tablet. Sign in and click on the tab to view a summary of your account. Usually, the account number will be listed on this page. If it’s not, search through the website or use the “Help” function to find it.

What do bank abbreviations mean?

BBP or BP: This identifies a bill payment. BAC or BACS: Bankers Automated Clearing Services – make payments directly from one account to another. CDM: Cash Deposit Machine – bill payments or withdrawals completed at a cash machine. CHG: Charge related to a transaction. CHQ: Transactions made using a paper cheque.

How do you decode bank statements?

Decoding bank statements

  1. Customer ID and account number: These are unique numbers that belong to you.
  2. Account type: Whether it is a savings or a current account.
  3. Account status: Actively-operated accounts are marked ‘Regular’.

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