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UNDERSTANDING YOUR DEPOSIT ACCOUNT The Mercantile Bank of Louisiana, MO. 222 Georgia St. PO Box 509 Louisiana, MO 63353 July 1, 2020, This disclosure contains information about terms, fees, and interest
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Understanding your deposit account refers to familiarizing yourself with the terms and conditions of your account, such as interest rates, fees, and account features.
All individuals or entities who have a deposit account with a financial institution are required to understand their deposit account.
To fill out understanding your deposit account, you should read the account agreement provided by your financial institution and ask any questions you may have about the terms and conditions.
The purpose of understanding your deposit account is to ensure that account holders are aware of how their account works, including any fees, restrictions, or features.
The information that must be reported includes the account holder's personal details, account number, account type, interest rates, fees, and any other relevant information.
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