Non Transaction Deposit Account

Definition

Non Transaction Deposit Account. Any deposit account that is not explicitly considered a transaction account

Nontransaction accounts include:

1. savings deposits
   1. money market deposit accounts (MMDAs)
   2. other savings deposits
2. time deposits
   1. time certificates of deposit
   2. time deposits, open account

See Also

• https://www.fdic.gov/regulations/resources/call/crinst/2010-09/910gloss_093010.pdf

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.