What is CMA or Cash Management Acount?
My friend in Korea have some problem next to CMA and I don't know anything more or less it... Thank you hugely much!
Answers:
When I have a CMA (Cash Management Account) beside a trunk financial institution several years ago it be resembling a Money Market Account that have to be open next to a minimum deposit, earn highly upright interest, allowed checks to be written from it as long as they be written for no smaller amount than $500 & it worked fairly very well for my desires at that time. The report be not insured by the FDIC (Federal Deposit Insurance Corporation), so if anything go wrong, I would not be reimbursed for any loss.
You did not vote what type of problems your friend is have.
If you own the designation of the sandbank / financial institution where on earth the CMA is, check out to see if they enjoy a website. If so, prod their website for the residence CMA & see what definition, rules & regulations it give.
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Answers:
When I have a CMA (Cash Management Account) beside a trunk financial institution several years ago it be resembling a Money Market Account that have to be open next to a minimum deposit, earn highly upright interest, allowed checks to be written from it as long as they be written for no smaller amount than $500 & it worked fairly very well for my desires at that time. The report be not insured by the FDIC (Federal Deposit Insurance Corporation), so if anything go wrong, I would not be reimbursed for any loss.
You did not vote what type of problems your friend is have.
If you own the designation of the sandbank / financial institution where on earth the CMA is, check out to see if they enjoy a website. If so, prod their website for the residence CMA & see what definition, rules & regulations it give.