Limited to 6 transfers in your Savings Account[views:1690][posts:24]______________________________________ [Jan 13,2010 2:23pm - the_reverend ""] 6 transaction limitations under Regulation D of the Federal Reserve. Anyone hit this? Carina did an I'm afraid to tx things to/from my savings account. I used to use it as a weekly fund to save extra money instead of holding it all in my checking account. |
| ___________________________________________ [Jan 13,2010 2:24pm - FuckIsMySignature ""] yep. this is because savings accounts are not supposed to be transactional accounts. |
| ___________________________________ [Jan 13,2010 2:25pm - arktouros ""] yeah i dunno. i do the same thing as you, i must have transferred too much money out of it because now it's a checking account. |
| __________________________________________ [Jan 13,2010 2:25pm - largefreakatzero ""] Never heard of this - 6 transactions within what timeframe? |
| ___________________________________________ [Jan 13,2010 2:26pm - FuckIsMySignature ""] also Reg D has no bearing on the amount of transfers into a Savings account. only out. |
| ___________________________________________ [Jan 13,2010 2:26pm - FuckIsMySignature ""] largefreakatzero said:Never heard of this - 6 transactions within what timeframe? one month |
| __________________________________________ [Jan 13,2010 2:28pm - largefreakatzero ""] Mmmhmm - I motherfucking see. |
| _____________________________________________ [Jan 13,2010 2:29pm - MarkFuckingRichards ""] I did it once and got a letter saying if I did it again it would turn into a checking account. |
| ____________________________________ [Jan 13,2010 2:31pm - arilliusbm ""] I did it as well. Got a letter. Burned it. |
| ___________________________________ [Jan 13,2010 2:31pm - arktouros ""] i did it one too many times, then i got the letter saying if i did it again it would change, but by that time, it was already changed to checking. so that was fun. |
| __________________________________ [Jan 13,2010 2:33pm - brian_dc ""] I wonder if they count paying bills online as a transfer. I probably average about 5 if yes...1 if not. |
| ___________________________________________ [Jan 13,2010 2:34pm - FuckIsMySignature ""] i've never heard of a savings account being changed into a checking account. banks are fucked up. credit unions for the fuckin win kehd |
| __________________________________ [Jan 13,2010 2:35pm - brian_dc ""] I'm not exactly racking up the interest in my fucking no yield BofA savings account anyhow. |
| ___________________________________________ [Jan 13,2010 2:40pm - FuckIsMySignature ""] i bet you're racking up retarded fees though. |
| __________________________________ [Jan 13,2010 2:44pm - brian_dc ""] Actually, I read all of the little things they fuck you on and set it up so I don't get those "Monthly Maintenance Fees" anymore. |
| ___________________________________________ [Jan 13,2010 2:45pm - FuckIsMySignature ""] right on... dont let em sucker ya into shit you can avoid. |
| _______________________________________________ [Jan 13,2010 2:48pm - slarthur conan doyle ""] brian_dc said:I'm not exactly racking up the interest in my fucking no yield BofA savings account anyhow. thats why i got a high yield Bova savings account, my monthly statement comes pre-shredded which can be inconvenient, but after 6 months I get a discount on the purchase of a stealth knockoff at guitar center. |
| _________________________________ [Jan 13,2010 3:03pm - brodown ""] brian_dc said:Actually, I read all of the little things they fuck you on and set it up so I don't get those "Monthly Maintenance Fees" anymore. where is this magical list? |
| __________________________________ [Jan 13,2010 3:05pm - brian_dc ""] I clicked the Monthly Maintenance Fee one time online. There was a section about how I could prevent the fee in the future. Just followed the links from there. |
| __________________________________ [Jan 13,2010 3:07pm - brian_dc ""] basically, for me it was needing to have an automatic transfer in of at least $25. I always transferred more than that, but didn't have it set up as automatic. |
| ______________________________________ [Apr 20,2010 3:30pm - the_reverend ""] so far 3 this month... |
| _____________________________________ [Apr 20,2010 3:32pm - ouchdrummer ""] savings account? |
| _________________________________________ [Apr 21,2010 3:29am - TheRidersofDoom ""] BANKS. BURN THEM! but seriously, didn't I tell you that citi-bank now requires 7 days of notice for withdrawal, if they want to that is. Banks are fighting back against regulations from the gov't just after we bailed them out with our dollars...so they can take more of our dollars. "the day of cleansing is at hand!"-thulsa doom they are doing this because they know soon enough something will trigger massive bank failure so they are trying to shore up credit and reserves by limiting your activity. |
| __________________________________________ [Apr 21,2010 6:30am - douchebag_patrol ""] [img] |
| ______________________________________ [Apr 21,2010 8:28am - the_reverend ""] charslton jews? |