Who is eligible for a NOW account?
Generally, the following are eligible for a NOW account: individuals, sole proprietors, an individual or sole proprietor with a DBA (not other entities with DBAs), accounts holding funds where the entire beneficial interest is held by an individual (e.g. pensions, escrow, etc.), non-profit organizations (with some exceptions), governmental units including federal and state divisions, and funds held by a fiduciary if the beneficiary is otherwise eligible for a NOW account.
However; that being said, do not forget that it is permissible to have interest bearing commercial accounts, just do not classify them as NOW accounts.
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