how to delete pof account

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What is money market account?

A money market account is a special type of account offered by banks and credit unions.

How many times can you withdraw money from a money market account?

You cannot withdraw money or make payments more than six times a month from a money market account by check, debit card, draft, or electronic transfer. Withdrawals or payments by ATM, in person, by mail, messenger, or telephone check (where payment is made by using your checking account number and bank routing number) do not count against …

Is a money market account a credit union account?

Like a regular savings account, a money market account at a bank is insured by the Federal Deposit Insurance Corporation (FDIC), while one at a credit union is insured by the National Credit Union Administration (NCUA).

Does a check count against the six transaction limit?

Withdrawals or payments by ATM, in person, by mail, messenger, or telephone check (where payment is made by using your checking account number and bank routing number) do not count against the six-transaction limit. Your bank or credit union may also have a minimum deposit that it requires to open a money market account.

Do I need a minimum deposit to open a money market account?

Your bank or credit union may also have a minimum deposit that it requires to open a money market account. A money market account is different from a money market mutual fund, or a money market fund. Money market funds are offered by investment companies and others.

Is money market fund insured?

Money market funds are offered by investment companies and others. Money market funds are not insured by the FDIC or the NCUA, which means you could possibly lose money investing in a money market fund.

Can I share my PII?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.

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