Description
15min | Credits: 0.5 CSOP
Although most of Regulation D’s provisions no longer apply, this course explains the provisions that remain: Those applicable to certificates of deposit (time deposits) and negotiable orders of withdrawal (NOW) accounts. It also covers important Regulation D definitions (e.g., demand deposit accounts, savings accounts, time deposits and others) that are used in other regulations and contexts.
Audience: Tellers and branch staff responsible for opening new accounts or processing CD withdrawals.
Learning Objectives
After completing this course, students will be able to:
- Explain the purpose of Regulation D and its current status
- Describe the characteristics of transaction accounts, savings accounts, and time deposits and how they differ
This course is part of the ABA Frontline Compliance program.