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Automatic transfer accounts emerge to pay interest on checking
Banks plan transfer accounts allowing auto shifting from savings to checking when needed. Operators must hold both accounts with a $500 combined minimum, $3 monthly fee plus 25 cents per transfer, and a single monthly statement. Availability nationwide from Nov. 1. costs and rules vary by bank.
MENTIONED IN THIS ARTICLE
New England
William Maroney
The
American Bankers Association
Maroney
Chemical Bank of New York
Susan Weeks
Chemical
Weeks