Stupid Banking Question
Date: Wed, 07/24/2013 - 08:45
If I make more than 6 on-line transfers in a month from my savings account to my checking account, I get charged a $9.00 fee per transfer after the first 6 and there's a possibility that my savings account could be converted into a checking account. However, if I make more than 6 withdrawals from my savings account at an ATM or using a teller and deposit those withdrawals into my checking account at an ATM or using a teller, then nothing happens.
They say this is because of federal regulation D.
I don't understand the logic here, that I get charged a fee for doing it one way, but I don't for doing the same thing another way?
They say this is because of federal regulation D.
I don't understand the logic here, that I get charged a fee for doing it one way, but I don't for doing the same thing another way?
It's best you go through this
It's best you go through this page.
"http://www.ussfcu.org/"
All your queries will be solved.
