Savings Acct Transaction Limitation
So another day - another problem - oh joy.
I get a notice from my bank today that I have exceeded the number of transfers allowed in 2 of my savings accounts. These are linked to my PP so of course any time the PP runs low they debit the savings acct automatically. They say this is a law set by the federal reserve that you are only allowed 6 electronic transfers a month in a savings account.
Anybody run into this and know a way around it. The bank says it wouldnt be an issue if I convert these into checking accts - but of course they want a minimum balance of $500 in checking accts or else they hit you up with fees.
|