[Noun] Plural form: basic accounts. A bank account that you can put money in or take money out of, but without other services such as an overdraft. Example: The government want basic accounts for everyone.
Found on http://www.bbc.co.uk/skillswise/glossary/
[Noun] Plural form: basic accounts. A bank account that you can put money in or take money out of, but without other services such as an overdraft.