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How does the bank assess an Early Withdrawal Fee on a Business Time Deposit Account?

April 26, 2017account assess Bank Business deposit early fee time withdrawal

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How does the bank assess an Early Withdrawal Fee on a Business Time Deposit Account?

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The fee is assessed based on the term of the Business Time Deposit Account and the amount being withdrawn. It may be necessary to deduct all or a portion of the fee from the principal amount of the account.