An institute refers to a bank, company, or financial agency where you can hold one or multiple accounts such as SAVINGS, CREDIT CARD, LOAN, MORTGAGE, etc. On the other hand, an account refers to a specific type (from the list above) where you deposit or withdraw money/assets. Each account has an associated account number.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article