Thursday, May 19, 2005

Banks try to transfer the blame

Interesting article about Reg D. I didn't realize how flexible the regulation is and how we don't necessarily have to limit savings accounts to 6 electronic transfers a month. We can make the transfer, notify the member of the regulation, and then, if they go over the limit again, move funds into a share draft account or do something else to make sure the account doesn't become a transactional account.

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