Learn More - Click Here!

Thread Options
#2229841 - 01/29/20 03:40 PM Savings Accounts Check Holds
mrivard0919 Offline
New Poster
Joined: Jul 2009
Posts: 17
Looking for feedback on whether anyone holds checks in the savings account vs checking account. I thought CT law required savings accounts to be treated the same as checking accounts per Reg CC.

Return to Top
#2229869 - 01/29/20 07:39 PM Re: Savings Accounts Check Holds mrivard0919
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,598
Cape Cod
My quick Google search indicates that Chapter 665a, Sec. 36a-302, requires that Connecticut banks, credit unions and federal credit unions comply with the EFAA and Regulation CC, except that the term "account" as defined in section 229.2 of Regulation CC includes savings accounts (but not time accounts or savings account opened or funded electronically).
Last edited by John Burnett; 04/07/21 07:23 PM. Reason: removed reference to MA law.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top