We offer Super Checking accounts that pay interest. Do the eligibility rules under Regulation D apply to this type of account?
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?
Can an LLC have a POD on an account?
Can you explain why businesses are not allowed to have NOW accounts?
What are the requirements when changing a N.O.W. account to an interest bearing account (both business and consumer)? Rates and fees will remain the same.
Can an HSA account be classified as a NOW account?
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?
Can a church own an interest bearing account such as Earn More Savings?
Can a partnership between a husband and wife have a NOW account? Can an LLC with only one member have a NOW account?