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Disclosure of Account Terms Minimum DepositMinimum Balance Open Account Avoid Maintenance Fee*$1 ×5 ×5 ×3 ×3 N/A ×100 ×100 N/A N/Daily DailyQuarterly Monthly Annually×5 N/ADailyMonthlyDaily
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Disclosure of account terms is the act of making the terms and conditions of a financial account known to the account holder.
Financial institutions are required to file disclosure of account terms to inform account holders.
Disclosure of account terms can be filled out by including all the necessary information about the account such as fees, interest rates, and other important details.
The purpose of disclosure of account terms is to ensure transparency and provide account holders with key information about their financial accounts.
Information such as fees, interest rates, penalties, and any other terms and conditions relevant to the account must be reported on disclosure of account terms.
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