![]() The law requires them to keep a higher percentage available for checking accounts then regulation D savings accounts. The reason is to help estimate how much assets the financial institution has/will have access to.īanks are required to keep a certain part of their assets liquid to help them weather economic hardships and so the money is available for you to withdraw. Hey, I know this one! There's a federal law called Regulation D that describes savings accounts and limits the amount of withdrawals you can make (that are not in person at the branch, or by snail mail). Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash. ![]() Private communication is not safe on Reddit.
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