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Old 12-28-2016
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Default Using Savings account to withdraw

can you use savings accounts to withdraw? I tried to add but didn't go through
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Old 12-30-2016
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Default Re: Using Savings account to withdraw

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Originally Posted by amzn01 View Post
can you use savings accounts to withdraw? I tried to add but didn't go through
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Of course you can. It works on me.
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Old 12-30-2016
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Default Re: Using Savings account to withdraw

Yes it works. I have my Savings account linked to one of my accounts. Works beautifully.
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Old 01-25-2017
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Default Re: Using Savings account to withdraw

It works for me too. However Bank of America limits you to up to three withdraws a month. Idk about other banks tho.


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Old 01-25-2017
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Default Re: Using Savings account to withdraw

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Originally Posted by bakica View Post
It works for me too. However Bank of America limits you to up to three withdraws a month. Idk about other banks tho.


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That's a federal regulation so it applies to all banks, and the limit was increased from 3 to 6 in 2016.

@OP - I have 4 savings accounts and they all have P/P's attached. Linking a savings accounts to P/P is exactly the same process as adding a checking account.
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Old 01-25-2017
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Default Re: Using Savings account to withdraw

I tried to link to a Navy Federal savings and it didn't work because Navy Federal won't allow withdrawals and pp couldn't take their money back...they deleted the account. I also have one with Cap one 360 and no problems at all.
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Old 01-25-2017
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Default Re: Using Savings account to withdraw

Yes, savings work. Use them all the time.
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Old 01-26-2017
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Default Re: Using Savings account to withdraw

Make sure to have DD enabled - if needed
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