club account

Meanings

1. 1nouncountablefinance

   A savings arrangement in which a group of people regularly pay money into a shared fund and take turns receiving the total amount.

   Grammar: Countable: you can say 'a club account' or 'club accounts'.

   Patterns

   • open a club account
   • pay into a club account
   • a club account with a bank

   She joined a club account with ten colleagues so each member could receive a lump sum in turn.

   The bank offers a club account for community groups that want to save together.

   They used a club account to buy equipment for the whole team.

2. 2nouncountablefinancebusiness

   A bank account held by a club or organization for its official income and expenses.

   Grammar: Countable; often used with 'the' when referring to a specific club's account.

   Patterns

   • the club account
   • manage a club account
   • deposit into the club account

   All membership fees go into the club account.

   The treasurer keeps the club account separate from his personal money.

   The committee reviewed the club account at the end of the year.

Word forms

Common combinations

open a club account

They decided to open a club account at the local bank.

pay into a club account

Each member pays into a club account every month.

club account balance

The club account balance was higher than expected.

close a club account

We had to close the club account when the group disbanded.

Synonyms and how they differ

savings club

Focuses on the group saving activity rather than the account itself; a savings club may not use a formal bank account.

treasury account

Often refers to a government or large organization's account; more formal and not used for small social clubs.

Commonly confused: club account or club membership?

Practice

Make it your own

Write a sentence using “club account”, then check it and compare it with the examples above.

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