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#1788953 - 02/25/13 07:42 PM money market accounts and debit cards
kelso Offline
Member
Joined: Mar 2010
Posts: 75
Indiana
Can you issue a debit card on a Money market Deposit Account?

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Deposits and Payments
#1788961 - 02/25/13 07:47 PM Re: money market accounts and debit cards kelso
cody_c Offline
Member
cody_c
Joined: Jan 2012
Posts: 53
Nebraska
As long as they do not use it more than 6 times per month, I do not see why not.
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The opinions expressed are mine and do not necessarily reflect those of my employer.

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#1789030 - 02/25/13 10:08 PM Re: money market accounts and debit cards kelso
MyScamper Offline
Gold Star
Joined: May 2006
Posts: 452
Between here and there
We do not because our system cannot figure out the POS transactions should be limited to no more than 6 per month, and does not properly count them in the excessive withdrawal report.

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#1789455 - 02/26/13 10:03 PM Re: money market accounts and debit cards kelso
St Louis Jeff Offline
100 Club
Joined: Jun 2007
Posts: 105
We do not link money market or Savings accounts to debit cards because they are not transaction accounts and we don't want to encourage our customers to exceed the Reg D 6-per-month limit.

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My opinions are my own. I don't speak for my bank.

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