31 CFR § 566.318 - Transaction account.

---
identifier: "/us/cfr/t31/s566.318"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 566.318 - Transaction account."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "566.318"
section_name: "Transaction account."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "566"
part_name: "HIZBALLAH FINANCIAL SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note); Pub. L. 115-272, 132 Stat. 4144 (50 U.S.C. 1701 note)."
regulatory_source: "81 FR 22186, Apr. 15, 2016, unless otherwise noted."
cfr_part: "566"
---


# 566.318 Transaction account.

The term *transaction account* means a deposit or account on which the depositor or account holder is permitted to make withdrawals by negotiable or transferable instrument, payment orders of withdrawal, telephone transfers, or other similar items for the purpose of making payments or transfers to third persons or others. Such term includes demand deposits, negotiable order of withdrawal accounts, savings deposits subject to automatic transfers, and share draft accounts.