Category: Accounts
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Understanding a Bank's Hold Policy
This post is the second in the banking series. A financial institution’s policy of holding funds is often a source of customer complaints because the rules and reasons are often poorly understood. New accounts of all kinds are usually subject to the institution’s hold funds policy unless you are a well established client. The bank…
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An Introduction to Bank Accounts
Bank products and policies are generally poorly understood. Bank employees have a heavy workload and they often don’t take the time to fully explain things. Business people are afraid to ask questions because it will reveal what they don’t know. This leads to frustration for everyone. This series on banking will help to alleviate this…