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34e. Type of Account: Indicate whether the account is a checking, savings, or Next Gen Account. NOTE: Except for Next Gen Accounts, the account to receive the direct deposit must be in your name.
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How to fill out type of account indicate

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To fill out the type of account indicate, follow these steps:
02
Open the account registration form.
03
Locate the field labeled 'Type of Account'.
04
Select the appropriate option from the drop-down menu.
05
If the desired account type is not available, choose the closest match.
06
Double-check the selected option to ensure accuracy.
07
Continue filling out the rest of the form as required.
08
Review the information entered before submitting the form.

Who needs type of account indicate?

01
The individuals who need to indicate the type of account include:
02
- New customers who are opening an account for the first time.
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- Existing customers who wish to change their account type.
04
- Financial institutions or banks that require the account type for record-keeping purposes.
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The type of account is indicated by the specific financial institution where the account is held.
Individuals or entities who hold accounts at the specific financial institution are required to indicate the type of account.
The type of account can be filled out by selecting the appropriate option provided by the financial institution or on the required forms.
The purpose of indicating the type of account is to provide accurate information for tax and regulatory reporting purposes.
The information reported may include the account holder's name, account number, account type, and balance.
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