UNSPSC 64101600: Demand deposit accounts

A demand deposit account is a checking account. Most demand deposit accounts or DDAs allow customers to withdraw money without advance notice, but the term also includes accounts that require six days or less of advance notice

UNSPSC 64101600 Demand deposit accounts is a Class code. State and local governments do not procure demand deposit accounts themselves as a tangible product or service under this code. Instead, the recent state and local opportunities tagged with this code reflect financial consulting, advisory, and examination services—a pattern indicating significant misalignment between the abstract code name and actual procurement activity. The opportunities posted under this code include financial examination services for insurance regulators, investment advisory services for municipal portfolios, development impact fee consulting, swap advisory services, municipal bond advisory services, sales tax audit and recovery services, financial planning and forecasting support, employee benefits consulting, and various accounting and auditing engagements. These are services addressing financial planning, management, analysis, and regulatory compliance—not deposit account products.

The issuing-body mix spans state agencies (Michigan's Department of Technology, Management & Budget; Washington State Housing Finance Commission; New Mexico Department of Public Safety), county governments (Sacramento County, Douglas County Georgia, DeKalb County Georgia, Clayton County Georgia, Gwinnett County Georgia), cities (Phoenix, Albuquerque, Milpitas, San Antonio, Gainesville, Bridgeport, New Smyrna Beach), school districts (Pinellas County Schools), transit authorities (Orange County Transportation Authority), and special-purpose districts (Washington Saves Governing Board, Madison Metropolitan Sewerage District). Geographic spread includes California, Florida, Georgia, Michigan, New Mexico, Texas, Washington, and other states. Representative recent opportunities include Michigan's financial examination services pre-qualification RFP due November 4, 2026, seeking pre-qualified contractors to examine 1,400 Michigan insurance companies under NAIC standards; Sacramento County's on-call financial consulting RFP due October 8, 2026, for development impact fee programs and Community Facilities District support; the City of Phoenix's financial advisory services RFQ due May 8, 2026, establishing a qualified vendor list for long-term financial planning, debt financing, and investment advisory services; and Washington State Housing Finance Commission's Affordable Homeownership Revolving Construction Catalyst Fund administrator RFP due November 2, 2026, seeking a CDFI to manage a $10 million loan fund for nonprofit homeownership developers. The code shows broad activity across financial advisory and examination services but lacks coherence as a deposits-specific procurement vehicle.