Account activity,
Definition of Account activity:
Account activity is sometimes used in reward programs to determine whether a customer qualifies for a particular award. In other cases, financial institutions will offer lower fees for clients that maintain a large amount of account activity.
In finance, account activity refers to the transactions made in a particular account. These include cash withdrawals, bill payments, wire transfers, and other such transactions.
Movement of monies (such as deposits, withdrawals, interest, and service charges) that pertain to an account during a particular period. These transactions are summarized in the account statement and form a part of account analysis.
How to use Account activity in a sentence?
- Account activity refers to the transactions made by a client, such as bill payments and wire transfers.
- The term is used throughout the financial sector, in areas such as banking and investment brokerage services.
- Firms often provide incentives for customers to maintain high rates of account activity, in order to generate fee revenue and encourage customer retention.
Meaning of Account activity & Account activity Definition
