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Account creation vs Account opening

Both 'account creation' and 'account opening' are correct phrases, but they are used in different contexts. 'Account creation' is commonly used in the context of setting up an account online or in a system, while 'account opening' is more frequently used in the context of financial institutions when a customer starts a new account.

Last updated: March 23, 2024 • 889 views

Account creation

This phrase is correct and commonly used, especially in the context of setting up accounts online or in systems.

This phrase is used when referring to the process of setting up a new account, typically in online platforms, applications, or systems.

Examples:

  • The website requires account creation before accessing certain features.
  • Please complete the account creation form to proceed.
  • Account creation is a simple process that only takes a few minutes.
  • This function receives an account creation request.
  • credentials cannot be guessed or overwritten through weak account management functions (e.g. account creation, change password, recover password, weak session identifiers (IDs));
  • Dates of closure of accounts and creation of the information medium
  • In previous decisions, the Commission has always taken account of direct job creation.
  • The registry administrator shall immediately notify each account holder of the creation, update or closure of his accounts.
  • The continuation of credit for small and medium-sized enterprises could, moreover, help to promote social stability on account of the job creation stemming from entrepreneurship of this type.
  • KBC's Executive Committee and Senior Management incentive schemes will be linked to long-term value creation taking account of risk and restricting the potential for 'rewards for failure'.
  • (b) clarification of the items constituting the solvency margin listed in Article 36 to take account of the creation of new financial instruments,
  • clarification of the items constituting the solvency margin listed in Article 36 to take account of the creation of new financial instruments,
  • I hope that this very difficult and polarised situation will be taken into account in the creation of a new regulatory framework and that the Commission will incorporate these key issues that I have raised.
  • The registry administrator shall immediately notify the account holder of the creation or update of his Party accounts and of the closure of his Party holding accounts.
  • The registry administrator shall immediately notify the account holder of the creation, update or closure of his operator holding account.
  • The registry administrator shall immediately notify each account holder of the creation, update or closure of his person holding account.
  • clarification of the items constituting the solvency margin listed in Article 16 (1) of Directive 73/239/EEC to take account of the creation of new financial instruments,
  • Modifications to the establishment plan of the European Maritime Safety Agency (EMSA) to take account of the creation of a European Data Centre for the Long Range Identification and Tracking of Ships (LRIT),
  • Modifications to the establishment plan of the European Maritime Safety Agency (EMSA) to take account of the creation of a European Data Centre for the Long Range Identification and Tracking of Ships (LRIT),
  • Modifications to the establishment plan of the European Maritime Safety Agency (EMSA) to take account of the creation of a European Data Centre for the Long Range Identification and Tracking of Ships (LRIT).
  • amendments, to take account of the creation of new financial instruments, to the list of assets acceptable as cover for technical provisions set out in Article 21 of this Directive and to the rules on the spreading of investments laid down in Article 22,
  • amendments, to take account of the creation of new financial instruments, to the list of assets acceptable as cover for technical provisions set out in Article 23 and to the rules on the spreading of investments laid down in Article 24,
  • the creation of a Single Treasury Account;

Alternatives:

  • account setup
  • account registration
  • account initiation
  • account establishment
  • account activation

Account opening

This phrase is correct and commonly used, especially in the context of financial institutions when a customer starts a new account.

This phrase is used when referring to the process of starting a new account, particularly in the context of banks, credit unions, or other financial institutions.

Examples:

  • I went to the bank for account opening.
  • The account opening process was smooth and efficient.
  • Customers can visit our branch for account opening services.
  • The national administrator shall verify whether the information and documents provided for account opening are complete, up to date, accurate and true.
  • A document proving that the person requesting the account opening is accredited as a verifier in accordance with Article 15 of Directive 2003/87/EC.
  • A document proving that the person requesting the account opening is accredited as a verifier in accordance with Article 15 of Directive 2003/87/EC.
  • The criminal record of the natural person requesting the account opening or if it is a legal person, of its directors.
  • With the exception of aircraft operators, Proof that the person requesting the account opening has an open bank account in a Member State of the European Economic Area.
  • Evidence to support the identity of the natural person requesting the account opening, which may be a copy of one of the following:
  • These set out the recommended procedures to be followed for various account opening situations.
  • The following documents in case of a legal person requesting the account opening:
  • Before migration, person holding accounts shall be checked by national administrators to ensure that the information submitted for account opening are complete, up to date, accurate and true.';

Alternatives:

  • account setup
  • account initiation
  • account establishment
  • account enrollment
  • account commencement

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