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May 17, 2019
1:18
:13
pm
IdahoCoug
All-American
RE: Reg D
In a nutshell, banks are required to have a certain amount of cash on hand depending on balance in checking accounts. Savings accounts aren't factored in. If you start using your savings account like a checking account, banks can get fined.
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IdahoCoug
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IdahoCoug
Joined
Mar 14, 2001
Last login
May 5, 2024
Total posts
13,113 (504 FO)
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Messages
Author
Time
Reg D
Sea Chicken
Surly
5/17/19 1:13pm
RE: Reg D
Baron
5/17/19 1:16pm
RE: Reg D
IdahoCoug
5/17/19 1:18pm
Sorry, I didn't see Baron's response. It gives more/better detail than mine.
IdahoCoug
5/17/19 1:19pm
At Zions Bank we will convert your account to a checkimg
Superman21
5/17/19 2:05pm
The reason is simple: There is no reserve requirement for savings accounts, but
Pick-Six Coug
5/17/19 4:57pm
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