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#1645872 - 01/04/12 05:08 PM Reg D and not for profits
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 335
Kansas
The bank has two not for profit Money Market Accounts. Are these accounts limited to the 6 transactions per stmt cycle?

They are sweep accounts. Funds go into a DDA account.

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Deposits and Payments
#1646092 - 01/04/12 08:52 PM Re: Reg D and not for profits Patricia
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
All MMAs are subject to the same transaction limitations. An option for these customers might be a NOW type account.
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