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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
Vesting
The entitlement to a present or future asset or benefit, usually referring to an employer-provided benefit such as a retirement account.
Fixed Rate Loan
A loan with a constant interest rate for the life of the loan, providing the borrower with predictable monthly payments.
Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.

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