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DDAs Linked as Sweep Accounts for OD Protection

Answered by: 

Question: 
Is it in regulatory violation to have two DDA accounts linked for sweep Overdraft Protection?
Answer: 

No violation is here since transactions are unlimited on DDA accounts. This would be an acceptable practice.

First published on BankersOnline.com 3/13/06

First published on 03/13/2006

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