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#2152602 - 11/07/17 09:49 PM Estate Accounts-NAICS code
Sunshine Banker Offline
Member
Joined: Jun 2012
Posts: 80
Florida
For those who use NAICS codes-Is there any value in assigning a NAICS code to an Estate account opened under a commercial product.?

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Operations Compliance
#2152620 - 11/07/17 11:40 PM Re: Estate Accounts-NAICS code Sunshine Banker
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
North American Industry Classification System

Since an estate account is not related to an industry - it seems a little silly to assign a NAICS code. Why would this be a "commercial" product?
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#2153743 - 11/15/17 08:22 PM Re: Estate Accounts-NAICS code Sunshine Banker
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
If the estate is operating a business, use the code for business if you feel you must have a NAICS code. Otherwise, it's simply inappropriate.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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