### Question
How is the term qualified business customer defined?


### Answer
The term **qualified business customer** is defined in *31 U.S.C. § 5313* as the following:

> a business which—


(A) maintains a transaction account (as defined in section 19(b)(1)(C) of the Federal Reserve Act) at the depository institution

#### Citation:
  - *31 U.S.C. § 5313*
  - Heading: **SUBTITLE IV-MONEY > CHAPTER 53-MONETARY TRANSACTIONS > SUBCHAPTER II-RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS**

