By Matthew A. Quick Public Act 96-123 creates the Banking Convenience Account for Depositors Act, which permits a convenience account holder (or someone to accommodate the transfer of funds) to be added to a deposit account. In practice, this means the financial institution may pay out of an account to the convenience account holder without affecting the title of the deposits (the convenience account holder is not considered to be a joint owner in the deposit account). This Act is effect January 1, 2010, but is automatically repealed January 1, 2015.