Washington § 30A.22.050 Types of accounts which financial institution may establish.

Washington Statutes

§ 30A.22.050 — Types of accounts which financial institution may establish.

Washington § 30A.22.050

Title 30AWASHINGTON COMMERCIAL BANK ACT

Ch. 30A.22FINANCIAL INSTITUTION INDIVIDUAL ACCOUNT DEPOSIT ACT

This text of Washington § 30A.22.050 (Types of accounts which financial institution may establish.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 30A.22.050 (2026).

Text

The types of accounts in which funds may be deposited with a financial institution include, but are not limited to, the following:

(1)A single account;

(2)A joint account without right of survivorship;

(3)A joint account with right of survivorship;

(4)An agency account;

(5)A trust or P.O.D. account; and

(6)Any compatible combination of the foregoing. In each case, the type of account shall be determined by the terms of the contract of deposit between the depositor and the financial institution. The financial institution shall describe to a potential depositor the various types of accounts available.

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The types of accounts in which funds may be deposited with a financial institution include, but are not limited to, the following:

(1) A single account;

(2) A joint account without right of survivorship;

(3) A joint account with right of survivorship;

(4) An agency account;

(5) A trust or P.O.D. account; and

(6) Any compatible combination of the foregoing.

In each case, the type of account shall be determined by the terms of the contract of deposit between the depositor and the financial institution. The financial institution shall describe to a potential depositor the various types of accounts available.