Who is considered an accountholder?

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Multiple Choice

Who is considered an accountholder?

An accountholder is the person whose name is on an account and who has ownership and control over that account. In a credit union, only members typically open and hold accounts, so the accountholder is the member who has the account. This is why the best answer is a member with an account at the credit union. A non-member with no account doesn’t have an accountholder status. A vendor with a business account would be an accountholder only if the business is a member and the account is in that business’s name. And someone who simply uses the credit union without owning an account isn’t an accountholder.

An accountholder is the person whose name is on an account and who has ownership and control over that account. In a credit union, only members typically open and hold accounts, so the accountholder is the member who has the account. This is why the best answer is a member with an account at the credit union. A non-member with no account doesn’t have an accountholder status. A vendor with a business account would be an accountholder only if the business is a member and the account is in that business’s name. And someone who simply uses the credit union without owning an account isn’t an accountholder.

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