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Account History
A history of a customer's deposits, withdrawals, and payments over a specified period of time.
More Details
Account history refers to a record of all transactions and activity on a bank account over a specific period of time. This can include deposits, withdrawals, payments, and other types of transactions. Account history is often used to track spending and monitor account activity.
Example
You open your MCU account on September 15th and make an initial deposit of $500. On September 16th, you take $200 out of an ATM to purchase groceries. Then the following Friday, your work paycheck is automatically deposited into your account. All these transactions would be present for you to view by date and make up your account history.
Related Terms
Collateral
Property or assets offered as security for a loan. If the borrower defaults, the lender can seize the collateral to recover the value of the loan.
Federal Reserve
The US central bank, responsible for monetary policy, bank regulation, and government financial services.
Account History
A history of a customer's deposits, withdrawals, and payments over a specified period of time.