Business Current Account definition

Business Current Account means an account marketed to businesses rather than individuals, which provides the facility to hold deposits, receive and make payments by cheque and/or debit card, use automated teller machine facilities and make regular payments by direct debit and/or standing order, but does not include an account in which money is held on deposit in a currency other than the official currency of the United Kingdom or an account in which credit funds are held and offset against mortgage debt or a loan (other than an overdraft facility);]1
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Business Current Account. : means the Business Banking current account held by the Business with TSB Bank plc.
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Business Current Account means the Business Banking current account held by the Business with Bank of Scotland plc.
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Examples of Business Current Account in a sentence

  • Savings Accounts should not be used for normal business trading transactions as our Business Current Account is more suitable.

  • Service charges will be deducted from your Business Current Account, or other deposit account, in that order, depending on the available balance in your Business Current Account.

  • Retail ForexBuy foreign currency from us using your Business Current Account for qualifying2 transactions.R7 500 in a 12 month rolling period• 5015.

  • We may apply a negative rate of interest so that you pay us interest at a negative rate on any credit balance on any Business Current Account or Business Savings Account you hold with us at such rate as we shall apply to such account from time to time.

  • For the avoidance of doubt, nothing in these terms shall be interpreted to oblige us to pay you interest on any debit balance or overdraft on a Business Current Account.

  • RHB Business Current Account is protected by PIDM up to RM250,000 for each depositor.

  • These Terms and Conditions apply to each of the following types of accounts that we operate in Northern Ireland - our Business Current Account and our Business Savings Accounts and our Business Loan Account.

  • Our Business Current Account is straightforward, simple to understand and easy to use.

  • NCBJ reserves the right to apply the respective monthly service charge based on the existing Business Current Account Scheme once the initial three (3) month period has expired.

  • The National Agriculture and Forestry Extension Service (NAFES) is the lead extension agency in the Lao PDR.


More Definitions of Business Current Account

Business Current Account means a business transactional current account opened with HLF;
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Business Current Account means a current account denominated in sterling intended for use by a business and excluding any current account (even if used by the SME for the purpose of its business) which is offered by the Bank as a current account intended for personal use by a natural person;
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Business Current Account means the Business Banking current account held by the Business with TSB Bank plc.
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Business Current Account means the business transactional account We open in Your name at Your request including all balances in the account together with all interest.
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Related to Business Current Account

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Investment Account As defined in Section 3.12(a).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • 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.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Disbursement Account has the meaning ascribed to it in Section 1.1(e).

  • 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.

  • Trading Account means the unique personified registration system of all Completed Transactions, Open Positions, Orders and deposit/withdrawal transactions in the Trading Platform.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.