but when i write a checks, does it count as one withdrawal?
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3 Comments
Your probably thinking of Regulation D, that awful thing put in place to prevent or minimize the effects of id theft. I don’t think writing checks counts, but I have never written a check out of my savings before, only my *check*ing. Hope that helps.
You would need to ask Chase that. My answer would be no, but some institutions would say yes as they will charge you if you go over. That is how they make their money. A check is actually a withdrawal but I am just not sure. Call Chase. They will be more than willing to help.
Write checks off of your checking account not your savings. I had this same problem. Just keep all the money you need to use in the checking and only put money for saving in the savings account. Chase is problematic sometimes. And YES a check is a withdrawl. And they will charge you. scammers.