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#1402080 - 06/10/10 06:55 PM ACH Debit
SFrost Offline
Junior Member
Joined: Sep 2002
Posts: 35
Does your bank accept ACH Debit transactions for accounts classified as "Savings" accounts?

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eBanking / Technology
#1402151 - 06/10/10 07:59 PM Re: ACH Debit SFrost
reknab Offline
Gold Star
Joined: Oct 2008
Posts: 281
not where I want to be
We accept them from statement savings accounts.

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#1402181 - 06/10/10 08:25 PM Re: ACH Debit reknab
LynnH Offline
100 Club
LynnH
Joined: Dec 2002
Posts: 129
NH
Same here. Just don't let them come through on a passbook savings or you will be in regulatory hot water.

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#1402272 - 06/10/10 10:19 PM Re: ACH Debit LynnH
BetsyS Offline
Gold Star
Joined: Jun 2009
Posts: 471
We do as well on statement savings, but they're flagged as Reg D transactions and are limited as such.
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