Acceptance for a lifeline banking account is dependent on one's income and net worth.

Name: Acceptance for a lifeline banking account is dependent on one's income and net worth.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Lifeline banking accounts typically have requirements for minimum income and net worth in order to qualify for acceptance. This is to ensure that the account holder is financially stable and able to maintain the account without incurring excessive fees or penalties.

Acceptance for a Lifeline Banking Account Is Dependent on One's