Answer:
Answer by Jim Bedsole:
If there are any prohibitions on this, there are a ton of banks that are in violation. I know of no prohibition againsthaving overdraft protection on an interest bearing account
Answer:
Answer by Andy Zavoina:
Perhaps when that decision was made there was a systems limitation that prompted it?
I'm with Jim, I see no problems from a regulatory standpoint.
First published on BankersOnline.com 9/3/01