Banking Terms "A"

Administration Order

Court order that stops all further debt-collecting procedures against you and places your financial affairs under the control of an administrator. These orders are typically applied for when someone is struggling to settle their debts.

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Anniversary Date

Date that runs exactly on a month-by-month basis from the date that you open a Fixed Term Savings Plan.

Example: If you fix a Savings Plan on 15 December for 6 months, the anniversary dates will be 15 January, 15 February, 15 March, etc.

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Automated Teller Machine (ATM)

ATMs are machines that typically allow you to do account enquiries, transfer money and draw cash.

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