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Florida Statute 136.04 - Full Text and Legal Analysis Florida Statute 136.04 | Lawyer Caselaw & Research
Fla. Stat. § 136.04 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
136.04 Depositories to keep demand and time deposits separate; how interest on deposits credited.—Each bank acting as a depository shall keep all daily balance accounts which are subject to immediate checking, in an account or accounts separate from all savings or time deposit accounts. Funds in a saving or time deposit account shall not be subject to check without being transferred to the checking account by order of the board or officer having control of the same. Each board or officer at all times may transfer money from one of the classes or types of accounts to another. Interest shall be paid by depositories receiving savings or time deposit accounts at such rate or rates as may be agreed upon with respect to such savings or time deposit accounts by the depository and the board or officer having control of such account. All interest earned on any of such deposits shall be credited to the account and fund on which it was earned, and all interest shall be computed and credited quarterly.
History.—s. 5, ch. 6932, 1915; RGS 1562; s. 2, ch. 8527, 1921; CGL 2407; s. 3, ch. 59-23; s. 6, ch. 81-285.

Cases Citing F.S. 136.04

Fla. Stat. § 136.04 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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·Money v. State ex rel. Florida First Nat'l Bank at Port St. Joe, 206 So. 2d 436 (Fla. Dist. Ct. App. 1968).

Published | District Court of Appeal of Florida | 1968 Fla. App. LEXIS 6063

or their pro rata share of the deposits * * Section 136.04 provides: “Interest shall be paid by banks
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Cited as authoritySiebert (2024)
phrase: "rule_authority"
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Ago (Fla. Att'y Gen. 1979).

Published | Florida Attorney General Reports

Ch. 136, F. S., the County Depository Law. Section 136.04 requires banks which serve as county depositories

This Florida statute resource is curated by an Orange Park personal injury and workers' comp lawyer, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.