Definition, Meaning & Synonyms
bank account
noun
/bæŋk əˈkaʊnt/
Definition
A bank account is a financial arrangement with a bank or financial institution that allows individuals or businesses to deposit, withdraw, and manage their money.
Examples
- She opened a new bank account to save for her vacation.
- He transferred money from his savings bank account to his checking account.
- This bank account offers a competitive interest rate.
Meaning
A bank account serves as a safe place to keep your money and provides various services like checking, saving, and loan options.
Synonyms
- financial account
- savings account
- checking account
