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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 30, 1978
Page
5
A new law enables banks to auto move funds from savings to checking to cover checks. Effect starts December 1 at First Lorain Trust. Benefits depend on balances, with 5 percent daily interest on savings and a 50 cent per day transfer fee, waived if minimums are met.
The text discusses continuing offers for rechecking accounts and acknowledges costs. suggests bringing a recent statement to decide the best account type. It notes minimum balances and variable charges, then invites a personal consultation to tailor choices to individual checking and deposit activity.
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