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There can be. Closing your account may end your relationship with the bank or credit union. Some banks reserve their best rates on loans and CDs for relationship customers, which can be a factor ...
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1967 Letter from the Midland Bank to a customer, Mr. … , informing him on the introduction on electronic data processing and on account numbers for current accounts. A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank
A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...
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$100 Bank Transfer Day poster. Bank Transfer Day was a consumer activism [1] initiative calling for a voluntary switch from commercial banks to not-for-profit credit unions by November 5, 2011. [2] [3] [4] As of October 15, 2011, a Facebook page devoted to the effort had drawn more than 54,900 likes. [5]