What is a personal account?

Submitted by: Ali Hassan Siddiqui
A personal account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for corporate or business use. The term "personal account" may be used generically for financial accounts at banks and for service accounts such as accounts with the phone company or even for e-mail accounts.
Submitted by: Ali Hassan Siddiqui

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