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Active Account

account at a bank or brokerage firm in which there are many transactions an active banking account May generate more fees for each check written or ATM transaction completed an active brokerage account will generate more commission Revenue for the brokerage firm then an inactive account Banks usually impose minimum charges for maintaining a checking and savings many brokerage firms Levy a fee if an account does not generate high enough level of activity if there is no activity in an account for 5 years or more an account may be subject to escheat procedures in which the counts assets revert to the state

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