Account Holder

Account Holder

The owner of an account. That is, if an account has a positive balance, the account holder owns the money or securities contained in it. Likewise, if the account has a negative balance, the account holder owes money to the institution (often a bank or brokerage, but perhaps a private company) providing the account.
References in periodicals archive ?
The feature is currently available to Android users and those with upgraded PayMaya accounts, which means they would have to undergo the standard know-your-customer (KYC) process that requires additional information from the account holder.
The movie screening will be held on Thursday December, 21 st , 2017, wherein each Youth account holder is entitled to 2 free tickets on one of the two shows, at 6:00 pm or 8:00 pm.
IRC Section 401(a)(9) -- and, specifically, the rules concerning when the required minimum distributions must be paid out -- apply to qualified retirement plans and IRAs, although the rules are inapplicable to Roth IRAs during the lifetimes of the account holder and the account holder's spouse (if the spouse survives the account holder and is able to rollover the account).
In this context, there are a number of critical decisions that an adviser must address with the account holder as they look to move beyond an impasse with the examining IRS revenue agent.
To reward customers across the entire bank's branch network, Al Mumayaz Savings Scheme 2016 from Bank Sohar offers Monthly Branch Guaranteed Draws where one account holder from each of the bank's branches will win RO1,000 every month translating to over 250 winners before the end of the year.
The Financial Ombudsman Service (FOS) says often, complaints it sees regarding joint accounts involve consumers being pursued by debts run up by the other account holder, who didn't realise they were liable.
Once installed, Dashlane enables account holders to quickly import their passwords into a secure, encrypted vault that is only accessible by the account holder.
A standing order is an agreement between the bank or building society and the account holder for the bank or building society or building society to debit the account by a specified amount on agreed dates.
Customers of RCBC will now be able to transfer funds to their GCash account through mobile phones which allows them to use GCash services like buying prepaid load, send and receive funds from another GCash account holder and more.
While bank authorities in Switzerland did not extend help when the names of these account holders were sent to them under existing protocols of tax information exchange treaties, information was readily available when the account holder was himself or herself motivated to approach the bank to obtain his transactions history and balances," the sources said.
Every six months, one ADIB salary account holder wins two years' worth of his/ her salary and another two customers win six months' worth of their salary as bonus.
The money should be returned with a share of the profit to the account holder when he or she is traced.