opening an account definition

opening an account means establishing a business relationship with a bank to operate a current account, a deposit account, a savings account or a loan account, or any other obligation arising out of the contractual relationship between a bank and a customer and includes buying and selling of foreign currency to a customer by a bank, transmission of money and investment of funds;
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opening an account in the AMLD means entering a relationship to operate current, deposit, savings and loan accounts, and includes investments and money transmission. When opening accounts for individuals, regulated entities must:
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Related to opening an account

  • Account Opening / Investment Account Opening Form means standardized form prescribed by the Management Company to be duly filled by the investors at the time of opening an account with the Fund.

  • Opening Date means the day on which we first authorize the opening of the facilities, Guest Rooms or services of the Hotel to the general public under the Brand.

  • Account Opening Form means standardized form prescribed by the management Company to be duly filled by the investors at the time of opening an account with the Fund.

  • Bid Opening Date means the date the Bid is opened by the City.

  • New Account means each charge account established pursuant to an Account Agreement between Centurion and any Person, which account is designated pursuant to Subsection 2.03(a) to be included as an Account and identified on an Account Schedule delivered pursuant to Sections 2.01 and 2.03.