§ 566.318 - Transaction account.

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Related Notices
- 2019-04842. Final rule; technical amendments. 2019-04842. List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions (CAPTA List)
- 2016-08720. Final rule. 2016-08720. Hizballah Financial Sanctions Regulations

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§ 566.318 Transaction account.

The term transaction account means a deposit or account on which the depositor or account holder is permitted to make withdrawals by negotiable or transferable instrument, payment orders of withdrawal, telephone transfers, or other similar items for the purpose of making payments or transfers to third persons or others. Such term includes demand deposits, negotiable order of withdrawal accounts, savings deposits subject to automatic transfers, and share draft accounts.

                    
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§ 566.318 - Transaction account.

§ 566.318 Transaction account.