Regular Account Types
There are several types of regular accounts.
|Individual Account||An account established for the benefit of a single person.||
(Used for all regular account types)
|Joint Account||An account owned by more than one person. The people listed on the account each share equal ownership of the assets and may conduct business regarding the account.|
|Trust Account||A trust account is established and managed by one party for the benefit of another party. Legal documents are required prior to establishing a trust account.|
|Corporate Account||An account set up for a company or other organization rather for a person or group of people.|