Given the low interest rates banks are paying on deposits these days, you might not think it’s much of a big deal that Thursday marks the end of an 80-year-old ban on banks paying interest on business accounts. But if you thought that, you are clearly not a financial advisor working at a bank.

First the news:  July 21 marks the date that the new Dodd-Frank Financial Reform Act lifts the Regulation Q ban on interest-bearing business accounts -- an action that community bankers say is likely to lead to a lot of new accounts being opened by local businesses and a lot of new money coming into community banks from those local businesses.

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