What is a credit union share draft account? Is it a checking account?
- Listed: August 10, 2022 11:22 am
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What is a credit union share draft account? Is it a checking account?
Credit unions refer to checking accounts as share draft accounts.
While it might not affect how you use the account, share draft accounts are a form of ownership. This means you are a partial owner of the credit union, while checking account owners are customers of banks.
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- Listed by: Editor
- Member Since: July 24, 2018
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