bank mandate

More Like This

Show all results sharing these subjects:

  • Financial Institutions and Services
  • Accounting


Quick Reference

A document given by a customer of a bank to the bank, requesting that the bank should open an account in the customer’s name and honour cheques and other orders for payment drawn on the account. The mandate specifies the signatures that the bank should accept for transactions on the account and also contains specimens of the signatures.

Subjects: Financial Institutions and Services — Accounting.

Reference entries