

For example, if you receive donations, you’re required to provide documents confirming you’re a registered nonprofit organization. Limitations can also be placed on an account that has been found to be out of compliance with regulatory requirements.
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Understanding these limitations and how to address them could help eliminate potential headaches down the road.Īccount limitations are temporary restrictions placed on a specific account that could prevent withdrawing, sending, or receiving money. It’s also important to understand what account limitations are, why they may be placed on your account, and what they mean for you as the account holder.

As a small-business owner, it’s crucial that you’re able to continue processing payments, pay vendors, and access your money for other business needs.
