Overview

agency agreement


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1. An agreement between a customer and a bank allowing the customer to bank cheques at one of its branches even though he or she does not have an account with that bank. It is usually entered into for logistical reasons. A charge is made by the bank for this service. 2. Any agreement between an agent and a principal. See agency relationship.

1. An agreement between a customer and a bank allowing the customer to bank cheques at one of its branches even though he or she does not have an account with that bank. It is usually entered into for logistical reasons. A charge is made by the bank for this service. 2. Any agreement between an agent and a principal. See agency relationship.

Subjects: Accounting.


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