Reg D and Statement Cycle-excess debits

Posted By: mdog76

Reg D and Statement Cycle-excess debits - 09/01/11 04:17 PM

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.
Posted By: J Hunt

Re: Reg D and Statement Cycle-excess debits - 09/01/11 04:23 PM

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.
Posted By: Dani York, CRCM

Re: Reg D and Statement Cycle-excess debits - 09/01/11 04:30 PM

I use calendar months for savings as well.
Posted By: Doug Hendrickson

Re: Reg D and Statement Cycle-excess debits - 09/01/11 04:29 PM

I use calendar month.