FAA4.A Financial Accounts (FIAC) : 05 Financial Account Types : D Individual Development Accounts (IDA) : .13 Individual Development Account (IDA) Status Changes - Notifying Bank of America
.13 Individual Development Account (IDA) Status Changes - Notifying Bank of America
When the FA‑840 is received, the Policy Support Team (PST) notifies Bank of America (B of A) of the change of status of the IDA. The following must be completed:
 
The PST forwards a copy of part 1 of the FA‑840 to B of A.
B of A changes the account status from an IDA to a regular savings account.