Bank Account Article Index for
Bank
Limousines in
Bank
Website Links For
Bank
 

Information About

Bank Account




Bank accounts may have a positive or '' Credit '' balance where the bank holds money on behalf of the customer; or a negative or '' Debit '' balance where the customer owes the bank money.

Broadly, accounts opened with the purpose of holding credit balances are referred to as Deposit Account s; whilst accounts opened with the purpose of holding debit balances are referred to as Loan Account s.

Some accounts are defined by their function rather than nature of the balance they hold. Bank accounts designed to process large numbers of transactions may offer credit and debit facilities and therefore do not sit easily with a polarised definition. These s, in the UK Current Accounts .


OTHER ACCOUNT TYPES



NEUTRAL CONSUMER INFORMATION


Canada


The Government of Canada maintains a database of the fees and features of bank account packages offered by various financial institutions operating in Canada. The information is periodically incorporated in comparative tables and published in booklet form. The tables are also published in PDF form on the website of the Financial Consumer Agency Of Canada . The database also feeds into an interactive online tool {Link without Title} that allows consumers to compare various bank account packages online.