In plain English
This is a bank account that has been set up to work with another account or with a payment service. That connection allows money to be transferred between the two.
In context
Here, it means the bank account connected to the payment service for moving money to it as a withdrawal or payout.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels a bank account connected for withdrawals or payouts.
Meaning limits
The term only indicates that the bank account is connected for money transfers, not any other details about the account.
Examples
“He moved the sale proceeds from the payment service to his linked bank account.”
“At the end of the month, the caretaker's fees were paid into the linked bank account.”