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#1386830 - 05/06/10 04:17 PM Drawing a blank today - HELP!
gunches Offline
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Joined: Dec 2005
Posts: 210
Is this statement correct: A corporation can have a savings account, but not a NOW account

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Deposits and Payments
#1386842 - 05/06/10 04:33 PM Re: Drawing a blank today - HELP! gunches
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
That is correct if the corporation is a 'for-profit' corporation. Non-profits may have NOW accounts.
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I hear and I forget. I see and I remember. I do and I understand.--Confucius

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