12 CFR 328.7
§ 328.7 Prohibition against receiving deposits at same teller station or window as noninsured institution.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 328.7, § 328.7 Prohibition against receiving deposits at same teller station or window as noninsured institution, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46565
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Full text
(a) Prohibition. An insured depository institution may not receive deposits at any teller station or window where any noninsured institution receives deposits or similar liabilities.
(b) Exception. This section does not apply to deposits received at an automated teller machine or other remote electronic facility that receives deposits for an insured depository institution, or to deposits facilitated through a digital deposit-taking channel.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.