Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Deposits and Payments Interest on Business Checking?
Thread Options
#2293358 - 02/08/24 01:48 PM Interest on Business Checking?
TeamComply Offline
Platinum Poster
Joined: Aug 2016
Posts: 574
Can financial institutions pay interest on business checking accounts?

Return to Top
Deposits and Payments
#2293359 - 02/08/24 01:58 PM Re: Interest on Business Checking? TeamComply
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,412
Galveston, TX
Regulation Q and the prohibition on paying interest on demand deposit accounts has been repealed.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2293360 - 02/08/24 02:10 PM Re: Interest on Business Checking? rlcarey
TeamComply Offline
Platinum Poster
Joined: Aug 2016
Posts: 574
A for-profit business can't have a NOW account, but otherwise there are no other prohibitions?

Return to Top
#2293362 - 02/08/24 02:26 PM Re: Interest on Business Checking? TeamComply
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,412
Galveston, TX
Not any more.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  John Burnett