We are trying to find a solution for a very large new customer. They have a large amount in their MMA investment at all times, they want to keep a very minimum amount in their business checking account. However, the customer writes very large checks quite often and therefore we have to transfer out of the MMA acct to the checking to cover. Well in a matter of 10 days there was 5 transfers. Is there some other way to do this for the customer? another type of account, would it be better to let the checking acct be overdrawn for the week then on Fridays transfer enough to cover the OD and the minimum amount wanted in the checking acct? Oh and none of the transfers have been in person. He is stating the bank he left was able to work this out without a problem. Help!
And yes you can probably tell from my description I am a newbie!!