Bank Accounts

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  • 1 Types
Definitions
Bank Confirmation
Bank Confirmation Audit Financial Audit Bank Accounts Confirmation Request Auditing Procedure Financial Information
A Bank Confirmation is a request made by an auditor to a bank to confirm details related to an audit client's bank accounts, assets held by the bank, and associated financial information.
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Definitions
Deposit Account
Deposit Accounts Savings Accounts Financial Institutions Bank Accounts Interest Rates Money Management Financial Planning Personal Finance
A deposit account is a type of bank account held at a financial institution that allows the account holder to accumulate funds and earn interest, while typically requiring advance notice to withdraw money.
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Definitions
End-of-Day Sweep
End-of-Day Sweep Cash Management Bank Accounts Automatic Transfer Interest-Bearing Accounts Treasury Management Corporate Banking
An automatic transfer of funds from one bank account held by a company to another of its bank accounts, typically one that pays interest on deposits. The sweep takes place at the end of every day, or when specific conditions are met.
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