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Bank account

A bank account is a financial account between a bank customer and a financial institution. A bank account can be a deposit account, a credit card, or any other type of account offered by a financial institution. The financial transactions which have occurred within a given period of time on a bank account are reported to the customer on a bank statement and the balance of the account at any point in time is the financial position of the customer with the institution. A fund that a customer has entrusted to a bank and from which the customer can make withdrawals.

This page was last modified on 18 January 2018 at 05:53.

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