Regions Deposit Account Control Agreements

Treasury Management

What is a Deposit Account Control Agreement (DACA)?

A Regions DACA is a tri-party agreement between Regions, a Regions deposit customer, and a third-party lender, which allows the third-party lender to obtain a UCC security interest in the Regions deposit customer's account(s).

All parties involved in the Regions DACA process enjoy great benefits:

Lender Benefits

  • Team approach: Regions' centralized DACA business team collaborates with lenders to negotiate DACAs on a program basis
  • Faster execution of an agreement: Implementing a DACA program saves time and money – once established, lenders can be confident when executing a loan that a customized DACA template already exists
  • Single point of contact: Regions’ DACA business team provides lenders with a single, experienced point of contact and elevated client support

Customer Benefits

  • Efficient Process: Regions DACA business team focuses on making executing a DACA as easy as possible
  • Tailored solution: Regions' customizable DACAs meet the specific needs of customers, without requiring unnecessary tag-along products
  • Access to another banking services: DACA customers can utilize Regions' suite of banking products and solutions

Law Firm Benefits

  • Builds credibility: Customers will appreciate the long-term benefits of negotiating DACAs on a program basis with Regions
  • Strengthens confidence: Regions uses the American Bar Association’s Model DACA, which allows for customization and ensures best practices are kept top of mind
 

Want more information?

Contact your Regions Treasury Management Officer or Relationship Manager;

Call the Centralized DACA team at 1.877.453.DACA; or

Email DACA@regions.com.