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Restrictions for Closing Money Market Account

I have a sizable money market account and I want to know what restrictions there are if I close the account due to need?


If you are referring to a Money Market Deposit Account (MMDA) at a bank, you should be able to close the account without any restrictions. If you are referring to a money market account with a money market fund, contact the fund's representative to find out whether there will be any impediments to closing the account.

Published on BankingQuestions.com 10/06/10