### Question
How does DEPARTMENT OF COMMERCE define account?


### Answer
Under *15 U.S.C. § 1693a*, **account** is defined as:

> a demand deposit, savings deposit, or other asset account (other than an occasional or incidental credit balance in an open end credit plan as defined in section 1602(i) of this title), as described in regulations of the Board, established primarily for personal, family, or household purposes, but such term does not include an account held by a financial institution pursuant to a bona fide trust agreement

#### Citation:
  - *15 U.S.C. § 1693a*
  - Heading: **CHAPTER 40-DEPARTMENT OF COMMERCE > SUBCHAPTER VI-ELECTRONIC FUND TRANSFERS**

