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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
Holdings
The assets, such as stocks or bonds, that an individual or institution owns.
Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.
Cashier's Check
A type of check issued by a bank and guaranteed by the bank's funds. It is a safe and reliable form of payment for large transactions.