depository-account-agreement

name	depository-account-agreement
title	Depository Account Agreement
description	Drafts a U.S. Depository Account Agreement governing the institution–depositor relationship for checking, savings, money market, and CD accounts. Enforces Regulation CC (funds availability), Regulation E (electronic fund transfers), Regulation DD (truth in savings), BSA/AML, PATRIOT Act, and OFAC. Embeds required disclosures, liability limits, error resolution, fee structures, and ownership provisions. Trigger keywords: "depository account agreement", "deposit account terms", "checking account agreement", "savings account agreement", "funds availability", "Reg CC", "Reg E", "Reg DD".
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/depository-account-agreement
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	finance
language	en
tags	["agreement","drafting","regulatory"]

Depository Account Agreement

Drafts a regulation-compliant depository account agreement governing deposit accounts at U.S. financial institutions.

Prerequisites

1. Account type — checking, savings, money market, CD, or specialized deposit product
2. Institution details — name, charter state, federal regulator (OCC / FDIC / Federal Reserve)
3. Account features — interest-bearing (yes/no), tiered rates, minimum balance thresholds, overdraft protection options
4. Fee schedule — maintenance, overdraft/NSF, ATM, wire, and all other applicable charges
5. EFT services — ATM, debit card, ACH, online/mobile banking, bill pay, remote deposit capture
6. Arbitration policy — binding arbitration or jury trial waiver (if any)
7. Governing state law — charter state or account maintenance state
8. Existing agreements (if any) — upload for extraction of institution-specific terms

Output Structure

1. Account Type and Interest Terms

• Account classification and product description
• For interest-bearing accounts, disclose per Reg DD:

Element	Disclosure
APY	Current rate as percentage
Calculation method	Simple or compound
Compounding frequency	Daily / monthly / quarterly / annually
Balance method	Minimum daily / average daily / collected
Rate adjustment	Index/benchmark, advance notice period

• Minimum balance thresholds: measurement method, breach consequences (fee, rate reduction, reclassification)
• Tiered balance structures with rate or fee-waiver triggers

2. Funds Availability Policy (Reg CC)

Standard availability:

Deposit Type	Availability
Direct deposits, wires	Next business day
Cash in person, on-us checks	Next business day
Treasury checks, USPS money orders	Next business day (first $225)
Cashier's/certified/teller's checks