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Finance & Banking vocabulary · Accounts & Deposits

Account holder

Meaning in finance & banking, with examples

nounCore term

In finance & banking, account holder means: The person or company in whose name a bank account is opened and who has the legal right to use it.

In Turkish: hesap sahibi

How it is used

Used in account forms, terms and conditions and customer service. Banks verify the account holder's identity, and only the account holder or an authorised signatory can give instructions. A joint account has two or more account holders. Transfer screens often show the account holder name so that senders can check it.

Example sentences

  1. For security reasons, we can only discuss the account with the account holder.

  2. The IBAN you entered does not match the account holder's name.

Common collocations

  • account holder name
  • joint account holder
  • primary account holder
  • authorised signatory
  • current accountAn everyday bank account for receiving a salary, paying bills and making card payments. It pays little or no interest, and the money can be used at any time.
  • joint accountA bank account shared by two or more people, such as a couple or business partners, who all have rights over the money in it.
  • open an accountTo start a new relationship with a bank by creating an account in your name, usually after showing identification and signing an agreement.
  • KYCShort for know your customer: the checks a bank makes to confirm a customer's identity, address and source of funds before and during the business relationship.
  • IBANShort for International Bank Account Number: a standard code of up to 34 letters and digits that identifies a bank account for domestic and cross-border transfers.

More terms: Accounts & Deposits

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This page explains English vocabulary for learners. It is not financial advice.