NOW and ATS accounts

DEFINITION of 'Automatic Transfer Service (ATS)' An automatic transfer service (ATS) is a banking service, in both a generic and specific sense, offered to customers. On a general level, it can signify any automatic transfer of funds among customer accounts.

DEFINITION of 'Negotiable Order of Withdrawal (NOW) Account'

A negotiable order of withdrawal account is an interest-earning bank account. A customer with such an account is permitted to write drafts against money held on deposit. A negotiable order of withdrawal account is also known as a "NOW account".

Account https://www.investopedia.com/
Follow us: Investopedia on Facebook