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#985184 - 06/30/08 07:13 PM Reg D - Transaction limitations
lscy Offline
Junior Member
Joined: Mar 2007
Posts: 33
When a depositor writes a check to a third party and the check is converted to a paperless item processed thru ACH, is it considered a "check" towards the limit of 3 per statement period?

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Deposits and Payments
#985199 - 06/30/08 07:26 PM Re: Reg D - Transaction limitations lscy
Milby Offline
Platinum Poster
Joined: Apr 2007
Posts: 953
Tejas
It is considered a debit to a third party and is limited to 3 per statement cycle.

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