In today's banking environment (post repeal of Reg Q in 2011), what factors are used to determine whether an interest bearing checking account qualifies as a NOW account?
Can a Cooperative have an interest bearing checking account?
We're looking into eradicating NOW accounts. So far, there hasn't been any real negative discovered with making this change - other than some maintenance in the beginning. Is there something drastic we could be overlooking?
We will be sending letters to our customers with grandfathered NOW accounts informing them that accounts will be switched to Super NOW accounts,
regular checking accounts, etc. What information is required in the letter we provide to the customer, and is there a timing issue?
What is the difference between a NOW account and an interest bearing business checking account and what entities can open a NOW account?
Can an ambulance association have a NOW account. Is an ambulance association considered a public fund account?
When were banks allowed to pay interest on personal checking accounts? The date July 11, 2010: does that only refer to business checking?
The change on who can have a NOW account (Businesses). When was the change and in what Reg is the change found?
Can you place a reg CC hold on an IOLTA account?
In order to have a NOW account, does the account contract have to disclose the reservation of the right at any time to require not less than 7 days notice in writing before any withdrawal from an interest bearing account?