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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter II - Fiscal Service, Department of the Treasury |
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SubChapter A - Bureau of the Fiscal Service |
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Part 370 - Electronic Transactions and Funds Transfers Relating to United States Securities |
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Subpart B - Credit ACH Entries |
§ 370.7 - How can my financial institution change my designated deposit account?
Latest version.
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§ 370.7 How can my financial institution change my designated deposit account?
If your financial institution requests us to make a change in your deposit account number or type of your account, we will change the information without requiring any confirmation from you. The request from the financial institution must be made following the Operating Rules of the National Automated Clearing House Association. The financial institution's request will be deemed an agreement by the institution to indemnify us and you for any loss resulting from the requested change.