§ 9341 Bank Account Security Interests

Commercial Code·California

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Key Takeaways

•A bank must treat your account normally, even if someone else claims money from it.
•The bank can’t freeze or change your account just because someone else has a claim on it.
•The bank can ignore instructions from the person who claims your money, unless they agree in writing.

Example

You owe money to a friend, and they try to take money from your bank account to pay themselves back.

The bank can’t just freeze your account or follow your friend’s orders unless they agreed to it in writing. Your account works like normal.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 9341 Bank Account Security Interests

Except as otherwise provided in subdivision (c) of Section 9340, and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by any of the following: (1) The creation, attachment, or perfection of a security interest in the deposit account. (2) The bank’s knowledge of the security interest. (3) The bank’s receipt of instructions from the secured party. (Amended by Stats. 2023, Ch. 210, Sec. 55. (SB 95) Effective January 1, 2024.)

Last verified: January 23, 2026

Key Terms

deposit account security interest secured party

References

Official text at leginfo.legislature.ca.gov
California Legislature. Commercial Code. Section 9341.

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Key Takeaways

Example

Key Terms

Related Statutes

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