Glossary entry

Spanish term or phrase:

cuentas corrientes a la vista

English translation:

demand checking accounts (US English)/demand current account (UK English)

Added to glossary by Robert Forstag
Mar 25, 2018 22:16
6 yrs ago
60 viewers *
Spanish term

cuentas corrientes a la vista

Spanish to English Bus/Financial Accounting Accounting statement - Spain
I do not have a lot of context to offer. The term appears by itself under a section of an accounting statement entitled "EFECTIVO Y OTROS ACTIVOS EQUIVALENTES." There is then a notation to the effect that these counts are held in institutions of "reconocida solvencia."

I do not see glossary entries for this exact term, and I am not convinced that the translations offered for "cuentas a la vista" fit here. "Sight current account" is offered for "cuenta corriente a la vista," but this does not seem to make sense.

"on-demand checking accounts" ???

Many thanks.

Discussion

philgoddard Mar 26, 2018:
Good point Charles.
Charles Davis Mar 26, 2018:
@Phil In English you are definitely right: a current account and a demand deposit account are the same thing. "Demand current account" is a tautology.

However, in Spanish it might be different. In Chile, for example, it seems that there is a difference between a "cuenta corriente" and a "cuenta a la vista": the former allows you to draw money by cheque, cash machine (ATM) or debit card, but the latter "no tiene la posibilidad de tener cheques"; you can only draw by card (ATM or debit).

So it may be necessary to establish the source country and look up the details in order to find the appropriate English term here.
philgoddard Mar 26, 2018:
Surely "a la vista" is redundant. By definition, a current account is no-notice.
David Hollywood Mar 26, 2018:
the concept of "at sight" in a commercial context means "immediately"
David Hollywood Mar 25, 2018:
resources and balances in favour of group companies in current accounts at sight with immediate availability in Banks and Credit Institutions. abengoa.es
[...] en caja y saldos a favor de empresas del grupo en cuentas corrientes a la vista de disponibilidad inmediata en Bancos e Instituciones de crédito.
David Hollywood Mar 25, 2018:
"current accounts at sight" is ok and have withdrawn my answer, as Taña was first and ok although I do prefer "current accounts at sight"
David Hollywood Mar 25, 2018:
"sight" is standard use in a business context e.g. sight draft, etc. = payable at sight
David Hollywood Mar 25, 2018:
you might also go with "sight" as opposed to "demand"

www.nbg.gr/en/corporate/.../sight-accounts/sight-deposit-ac...
Traducir esta página
The National Bank offers you the Sight Deposit Account, a flexible deposit account, which covers all the needs of modern business. This account has been designed to serve your daily transactions, easily and securely, offering you the option to enjoy the following privileges: Checkbook (provided that the statutory ...

Proposed translations

+2
22 mins
Selected

demand checking accounts (US English)/demand current account (UK English)

https://forum.wordreference.com/threads/depósito-a-la-vista-...

https://www.translatorscafe.com/tcterms/es-ES/question.aspx?...

https://www.proz.com/kudoz/spanish_to_english/finance_genera...
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: una cuenta a la vista, bajo la fórmula de cuenta corriente
English translation: demand account / demand deposit - in the form of

cuenta a la vista > demand account - ProZ.com
https://www.proz.com/kudoz/spanish_to_english/.../185818-cue...
Apr 19, 2002 - (KudoZ) Spanish to English translation of cuenta a la vista: demand account [Banking - Finance (general) (Bus/Financial)].
Inversiones a la vista > Demand deposits - ProZ.com
https://www.proz.com/kudoz/spanish_to.../1463368-inversiones...
Jul 20, 2006 - (KudoZ) Spanish to English translation of Inversiones a la vista: Demand deposits [Banking and Investments - Finance (general) (Bus/Financial)].


demand checking accounts (US English)/demand current account (UK English)

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Note added at 24 mins (2018-03-25 22:40:47 GMT)
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demand account
noun [ C ] UK ​ US ​ us uk instant access account

BANKING a type of bank account from which you can take out money immediately, without giving notice (= having to tell the bank first)
https://dictionary.cambridge.org/dictionary/english/demand-a...

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Note added at 1 day 13 hrs (2018-03-27 11:31:45 GMT) Post-grading
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Thank you too. 😊
Peer comment(s):

agree David Hollywood
35 mins
Thank you David.
agree Lydianette Soza : cuenta corriente checking account, current account [UK], demand deposit [USA] Banca Cuenta abierta mediante contrato entre un banco o institución financiera de depósito y una persona física o jurídica por el cual ésta, tras depositar una cierta cantid
1 hr
Gracias Lydianette.
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4 KudoZ points awarded for this answer. Comment: "Thanks so much, Taña. 😊"

Reference comments

58 mins
Reference:

https://en.wikipedia.org/wiki/Transaction_account

A transaction account, checking account, current account or demand deposit account is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct.

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Note added at 1 hr (2018-03-25 23:23:23 GMT)
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www.nbg.gr/en/corporate/.../sight-accounts/sight-deposit-ac...
Traducir esta página
The National Bank offers you the Sight Deposit Account, a flexible deposit account, which covers all the needs of modern business. This account has been designed to serve your daily transactions, easily and securely, offering you the option to enjoy the following privileges: Checkbook (provided that the statutory ...
Sight deposit account Definition - NASDAQ.com
https://www.nasdaq.com/investing/glossary/.../sight-deposit-...

Sight deposit account: read the definition of Sight deposit account and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
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