Account History
Barron's Banking Dictionary:
Top
Account History
1. Summary of a deposit account's activity, including interest earned, during a particular period.
2. Summary of transaction activity by a credit card or other Open-End Credit account, including late payments, overlimit activity, average daily balance, and so on. See also Account Statement; Credit File; Credit Report.
Investopedia Financial Dictionary:
Top
Account History
All activity within an account, usually since inception. In a bank account, the account history includes all transactions initiated by the account holder as well as passive entries (such as interest on balances, which are credited to the account). The account history is also called a "ledger", depending on where the account is held.
Investopedia Says:
Account histories can be a very important tool for credit card companies to identify fraud or identity theft, particularly when transactions are out of the ordinary in terms of their amount or place of purchase. Account history is recorded on the account statement, which is an important document to retain.
Most checking, savings and brokerage accounts will send a monthly statement to account holders. This statement should include the account history for that month.
Related Links:
From internet banking to credit unions, it's in your power to cut fees and maximize service. Choose To Beat The Bank
This owner's manual will show you what to expect from your bank. Your First Checking Account
Find out which type of account suits your specific needs. Demystification Of Bank Accounts
These nonprofit organizations can provide a range of services for lower fees. Tired Of Banks? Try A Credit Union
Don't let these excuses prevent you from reaching your financial goals. Debunking 10 Budget Myths
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
Read more
