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10 April, 01:26

Why is it important to carefully read and understand a financial institutions policies when opening a savings account?

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  1. 10 April, 01:36
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    it is important to carefully read and understand a financial institutions policies when opening a savings account Because in the policies of the account is described the specific details related to how the account works.

    Explanation:

    When you have a savings account all the details related to fees, tariffs, interest, Annual Percentage Rates, deposits, atm usage, and so on, are explained in the policies of the account.

    It is useful to think in these policies as a manual of an electronic device. The policies explain to the user all the conditions of the account and give information on how to solve problems.
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