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Q: Are business checking accounts reg CC regulated?
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Are savings accounts reg cc regulated?

Regulation CC applies to all banks & credit unions, but it only applies to transaction accounts. Nontransaction accounts, such as savings accounts, CDs, share accounts or membership accounts, are not governed by Reg. CC. So Regulation CC does not apply to them; only to checking accounts.


What do the acronyms AUD BEC FAR REG stand for in regards to CPA testing?

AUD stands for Auditing and Attestation.BEC stands for Business Environments and Concepts.FAR stands for Financial Accounting and ReportingREC stands for Regulation


What does cc mean in reg cc for banking?

It means Credit Control


How can make current account closing letter for bank?

To, The Manager __________ (Fill in the name of the bank and branch in the blanks) From, _____ (Fill in your Name) ______(Fill in your Address & Phone number) Sir, Sub: Reg. Closing of Bank Account ______ (Fill in the Account number) As I would like to close my bank account _____ (fill in your bank account number) with you, kindly do the needful reg. the same. Please do the needful to close my account and repay the balance held in my account to me. Thank you ________ (Fill your name and sign) The bank would take up the request and pay you the balance as cash or check.


Why is micr used in banks?

MICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. All banks use MICR codes in their Cheques.

Related questions

Are savings accounts reg cc regulated?

Regulation CC applies to all banks & credit unions, but it only applies to transaction accounts. Nontransaction accounts, such as savings accounts, CDs, share accounts or membership accounts, are not governed by Reg. CC. So Regulation CC does not apply to them; only to checking accounts.


The army regulation that covers regulated medical waste is?

C1, MEDCOM REG 40-35, Management of Regulated Medical Waste (RMW)


Can fraud freeze an checking account?

Yes. All sorts of fraudulent activities can lead to a checking account being frozen. The bank may temporarily freeze the account if they suspect fraudulent activities in the accounts transactions. And, the bank can permanently freeze the account if there is a legal advice from law enforcement agencies reg. your account


What about my rank in iit jee 2009?

You can check any IIT website for checking marks. You need to enter your reg number and date of birth.


What should you do in case of forgotten registration number of Intelligence Bureau?

in case u didn't save registration file, u can get reg. no. & pass. by checking your email.


What are the types of regulations of banks?

Most of the banking regulations are to protect the consumer-Reg CC states how long a bank can hold checks, Reg D limits the number of automatic transfers you can make from your savings and money market accounts, and Reg DD requires consistency in how rates and disclosures are given to customers. These are just a few of the many banking regulations;.


How tall is Reg Reg Askew?

Reg Reg Askew is 5' 11".


What does P reg mean?

they are the supes that have different labels on the reg like P reg,L reg,M reg and so on


What is the birth name of Reg Reg Askew?

Reg Reg Askew's birth name is Reginald Askew.


What is a recommended business hosting solution?

There are many companies from whom one could find a business hosting solution. Some well established companies that provide such a solution are Rackspace, and 123-reg.


Is the Sahara desert a reg?

yes, it is a reg.


What reg is w reg?

around about 1999