Skip to content
GeoDataVision
Thread Options
#1599176 - 09/01/11 04:17 PM Reg D and Statement Cycle-excess debits
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
As it pertains to savings accounts and excess debits, do you use a calendar month or actual statement cycle of 3 months? This seems harder than it probably is.

Return to Top
Deposits and Payments
#1599181 - 09/01/11 04:23 PM Re: Reg D and Statement Cycle-excess debits mdog76
J Hunt Offline
100 Club
Joined: Feb 2002
Posts: 132
Phoenix, AZ
For monitoring excessive transactions for Regulation D purposes you need to use a month or similar four-week period. For savings accounts on quarterly statement cycles, I have always monitored based on a calendar month.
_________________________
CRCM/CAMS

Return to Top
#1599187 - 09/01/11 04:30 PM Re: Reg D and Statement Cycle-excess debits J Hunt
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
I use calendar months for savings as well.
_________________________
I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

Return to Top
#1599191 - 09/01/11 04:29 PM Re: Reg D and Statement Cycle-excess debits Dani York, CRCM
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
I use calendar month.
_________________________
I hear and I forget. I see and I remember. I do and I understand.--Confucius

Return to Top

Moderator:  John Burnett