Advance Account

Advance Account

Money given to an employee to spend for a specific purpose before the employee is expected to spend it. For example, a company may give an employee a corporate credit card in anticipation of that employee going on a business trip.
References in periodicals archive ?
uk's Advance account and you get PS150 within 50 days and another PS50 if you're with it after a year.
Emirates NBD staff will work in collaboration with the payroll employer's HR teams to deliver the Advance Account welcome pack to employees on their first day of employment in the UAE which will include current and savings account numbers, access to the bank's award-winning online and mobile banking platforms and a debit card.
The bank's Advance account holders will need to maintain GBP10,500 every six months, while Premier account holders will need to have savings or investments of at least GBP50,000 with HSBC in the UK or be earning GBP100,000 or more a year.
The provision requirement for advance Account Activities is Rs 5,000 million.
A WIDE range of accounts are offered to suit customers' different and changing needs including accounts such as Premier, Plus and the new Advance account.
Charge the shareholders advance account with the value of the fringe benefit (rather than actually paying FBT).
As of November 10, the bank is offering the new Advance account that will carry no monthly fee.
For the launch, HSBC Advance account includes what it says are the following "exclusive" benefits and offers:
For launch, HSBC Advance account, which offers an enhanced level of service and benefits over regular bank accounts, is set to provide an eight percent interest in a regular saver account fixed for 12 months, a 12-month fixed rate cash individual savings account (ISA) paying up to 2.
It emerged in these two cases that the two officials received those amounts which, for some reason, appear to have remained outstanding to-date in the foreign ministry's advance accounts.