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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
Fixed Rate Loan
A loan with a constant interest rate for the life of the loan, providing the borrower with predictable monthly payments.
Disclosure
The act of making information known to the public or to a specific individual or group.
Account Holder
A member with an active account, entitled to the institution's services and responsible for managing their account and transactions.