Negotiable Order of Withdrawal (NOW) Account

外汇网2021-06-19 14:27:55 72

An interest-earning bank account with which the customer is permitted to write drafts against money held on deposit. Also known as a "NOW account".

|||Typically commercial banks, mutual-savings banks and savings-and-loan associations can offer this type of account to inpiduals, some nonprofit organizations and certain governmental units.