Bank account type

Bank account type indicates the different types of bank accounts captured from documents.

SAVINGSA deposit account held at a financial institution that provides principal security and a modest interest rate.
CHECKINGA type of bank account that allows for easy access to funds for daily transactions, such as deposits, withdrawals, and direct payments.
CREDITCARDA financial tool issued by banks and financial institutions that allows users to borrow funds for purchases or cash advances, with the expectation of paying back the borrowed amount along with any applicable interest.
SWEEPA financial arrangement where funds automatically transfer from a primary account into a higher-interest account to optimize interest earnings while maintaining liquidity.
IOLTAAn IOLTA (Interest on Lawyers Trust Account) is a special type of account used by lawyers to hold client funds separately from their own, with interest earned on these accounts typically used to fund legal aid and other public interest programs.