Illinois Statutes Chapter 205. Financial Regulation § 605/1. Definitions

§ 1. Definitions. For the purposes of this Act:

“Consumer-deposit account” means a demand or other similar deposit account, such as a checking, negotiable order of withdrawal, money market, savings deposit, share, or member account established and maintained by a natural person with a financial institution and operated primarily for personal, family, or household purposes.

“Financial institution” means any bank subject to the Illinois Banking Act,  1 including a branch of an out-of-state bank as defined in Section 2 of the Illinois Banking Act,  2 any savings bank subject to the Savings Bank Act,  3 any savings and loan association subject to the Illinois Savings and Loan Act of 1985,  4 and any federally chartered commercial bank, savings bank, or savings and loan association organized and operated in this State under the laws of the United States.

“Check” means a writing that complies with the requirements of Section 3-104 of the Uniform Commercial Code.  5