Question

In the context of customer-requested transfers, what is the typical process for moving accounts?

a) The account holder contacts the new institution directly
b) Accounts are automatically transferred annually
c) A government agency handles the transfer
d) Transfers can only be done in person

Answer 1

The typical process for moving accounts in customer-requested transfers involves the account holder contacting the new institution directly.

Step-by-step explanation:

In the context of customer-requested transfers, the typical process for moving accounts usually involves the account holder contacting the new institution directly. This can be done by filling out forms or providing information online or through the phone. The new institution will then work with the old institution to transfer the account and its associated funds to the new institution.