Basic Bank Account definition

Basic Bank Account means a payment account with basic features as defined by Regulation 19(1) of PAR.
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Basic Bank Account means any Payment Account offered by the Bank pursuant to this Agreement which satisfies the requirements set out in the Agreement;
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Basic Bank Account. – means the MOP/HKD savings account or MOP/HKD current account that is opened in the Customer’s name and is nominated by the Customer at the time of applying for the E-Banking Service.
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Examples of Basic Bank Account in a sentence

  • Basic Bank Account Services of 328 Business Account (Express) do not include remittances involving cross-border fund movements or telegraphic transfer services through any available banking channels.

  • The Tenderer to quote prices indicating break-up of prices of the Machine and Site Modification Work of each Hospital/Institution/Medical College.

  • However, such information need not be provided where the subscriber reasonably believes or is advised that the customer has already decided on another current account product in the subscriber’s range of current accounts (e.g. a Basic Bank Account).

  • If a customer requests to opt out of unarranged overdrafts, a subscriber should not, in response offer the customer a Basic Bank Account unless the limited functionality of a Basic Bank Account is appropriate for the customer’s circumstances.

  • The introduction of a Basic Bank Account has reduced but not eliminated the problems of financial exclusion.

  • BBAN: Basic Bank Account Number: a domestic bank account number (the local sub-component of the IBAN).

  • There are other potential costs from holding a Basic Bank Account.

  • Finally, online banking fraud losses accounted for £52.5 million in 2008 (EUR 57.75 million) – a 132 % increase compared to 2007.61However, many forms of Basic Bank Account protect consumers against loss due to fraud where this is not due to the gross negligence of the consumer.

  • To ensure fair market conduct by banking institutions, the Bank of Namibia issued determination on standards for Cash Deposit fees and a Basic Bank Account which allows individuals and businesses to deposit certain amounts without paying deposit fees.

  • We believe that banking should work for everyone, and we are committed to making our products and services as accessible as possible.We continue to develop our Basic Bank Account proposition, which gives thousands of people their first foothold in the banking system; last year around 200,000 of these accounts were upgraded to our standard current account.


More Definitions of Basic Bank Account

Basic Bank Account means conventional current accounts that may have some restricted features.
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Basic Bank Account means the account of Lianhe to be established after the Acquisition with a nationally recognized banking institution (including any renewal or re-designation thereof).
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Basic Bank Account means the account of * to be established after the * with a nationally recognized banking institution (including any renewal or re-designation thereof).
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Related to Basic Bank Account

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Administration Account As defined in Section 7.02.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Direct Account : means any Account which is not an ISA Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.