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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
Frozen Account
An account that is temporarily inaccessible, often due to suspected fraudulent activity or a court order.
Federal Reserve
The US central bank, responsible for monetary policy, bank regulation, and government financial services.
Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.