In plain English
It is the official name recorded for a bank account. That name identifies the person or organization the account is held under.
In context
Here, it requests the name recorded on the bank account that will be used for payroll deposit.
- Situation
- Completing employee onboarding, payroll setup, policies, and mandatory forms
- What it communicates
- requests the name listed on the bank account used for payroll deposit.
Meaning limits
By itself, this term does not show whether that name is the only name associated with the account.
Examples
“The account holder name for the club account is Oak Street Tennis Association, not the treasurer's name.”
“For payroll deposit, enter the account holder name exactly as it appears on your bank statement.”