account giveaway

In the United States, a negotiable order of wí†hdráwal account (NOW account) is a deposit account that pays interest on which an unlimited number of checks may be written.A negotiable order of wí†hdráwal is essentially identical to a check drawn on a demand deposit account, but US banking regulations define the terms "demand deposit account" and "negotiable order of wí†hdráwal account" separately. Until July 2011, Regulation Q stated that a demand deposit could not pay interest. NOW accounts were structured to comply with Regulation Q.
NOW accounts are considered checkable deposits, and are counted in the Federal Reserve Board's M1 definition of the money supply, as well as in the broader definitions. Like all other bank deposits, they are liabilities from the bank's perspective.

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