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Account Holder
A member with an active account, entitled to the institution's services and responsible for managing their account and transactions.
More Details
An account holder is a member with an active bank account or investment account. The account holder is responsible for managing the account and has the ability to make transactions, such as deposits and withdrawals
Example
An MCU member opens a savings account so that they can work towards their financial goals. They are now an account holder.
Related Terms
Fair Credit Reporting Act (FCRA)
A federal law that protects consumers' credit information and gives them the right to access and dispute their credit reports.
Terms of Service
Terms of Service (TOS) are the legal agreements between a service provider and a user that govern the use of the service.
Credit
The ability to borrow money or to purchase goods or services on the promise of future payment.

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