Types of bank accounts

In the exercise of any banking customers use a few details, many of whom are known to the bank account. Bank account is called an individual 20-digit number assigned by the lending institution participating financial ratios for the various operations. Among the most ubiquitous types of bank accounts is a bank account - he opened a legal entity or individual entrepreneur to the product of internal and external balances. Correspondent account opened by credit institutions in the subdivision of the Central Bank. It is necessary to reflect payments made between banks. In international practice, an indication of the account in the payment documents is not mandatory. Deposit (savings) account is opened for the accumulation and income on invested funds. Widely used by individuals for protection and investment income received. Trader's account contains funds deposited in foreign currency. Also common is a loan account that is used to account for the provision and repayment of the loan. In addition, the types of bank accounts are divided into: low, frozen, insured, kontokorrentnye, depersonalized metal, general, demand deposit, current, transit, fiduciary, stock, private, check and roll.