Must every deposit initiator maintain a separate bank account for Connecticut bottle deposits?
A. Yes. Every deposit initiator must open a new separate bank account at a Connecticut branch of a financial institution. This account will be used to deposit the refund value (typically 5 cents per container) for each beverage container sold in the state. DRS refers to this account as the special account.
Related Questions
- Yes, you have to maintain the minimum balance in your Bank Account as per the rules of Canara Bank. Do I have to maintain any deposit with CBSL for the broking account?
- Are landlords required to hold security deposit amounts in a separate bank account apart from their other assets?
- Is any person exempt from the Connecticut bottle bill deposit requirements?
