Corps/Inc./LLCs Opening Interest Bearing Accounts
Answer by Kathleen Blanchard, BOL Guru Guru Bio
Question: Has a reg changed so that Corps, Incs and LLCs may open interest bearing checking accounts?
Answer: Reg Q has been repealed. Banks may, but are not required to, offer interest bearing demand deposit accounts to all customers including businesses.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
