Personal accounts, also known as individual accounts, are records of an individual's financial transactions. Another term for personal accounts is private accounts. Personal accounts are also referred to as customer accounts when they are maintained by a bank or a financial institution. Alternatively, personal accounts can be termed as personal funds, personal savings, personal finance or individual finances. An individual's personal account also includes their personal data such as name, contact information and other personal details. These accounts are instrumental in tracking personal financial goals and maintaining an individual's financial records. Synonyms for personal accounts vary depending on the context in which they are used, but all imply the management of personal finances.