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Frank-Dodd Accounts


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#1 Homefront

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Posted 23 February 2012 - 11:31 AM

Well this new comer has been trying to get a savings account opened non-interest - Frank-Dodd Account type, being told not happening and non-interest accounts are only back for 25k (Wells-Fargo)..... could some one please put some light on this... TY
PS Wife Works For wells and cant find any INFO on this.
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Steven Williams

#2 SgtFuryUSCZ

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Posted 23 February 2012 - 11:38 AM

***///
That's my dummbutt bank, too. I haven't talked Dinar w/ 'em, [DON'T TALK TO THE BANKS], but
should have same protection under the FDIC law up to , what, like 250k...no?I only do a minimum amount
of bus w/ them, running certain checks only sorta thing...
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#3 Homefront

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Posted 23 February 2012 - 12:13 PM

yaa interest Acc. are covered up to 250k well I no no mater how this comes down (RI/RV) this not going to work..... I see a lot of people will get shafted unless your protected some how.... this now scares the hell outta me... What do the multi millionaires when they get a load drop on them.... there has to be a way to cover are butts!

PS correct I'm not talking Dinar at all with them banks.... other then finding a account I could dump a vary large amount of funds into and be covered!

Edited by Homefront, 23 February 2012 - 12:17 PM.

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If You Do Today What Others Wont, You Will Do Tomorrow What Others Cant !

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#4 VegasGal

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Posted 23 February 2012 - 01:52 PM

This should shed some light on the subject:

http://www.fdic.gov/...ementation.html

Another good area to read up on is here: http://www.fdic.gov/deposit/deposits/

Hope that helps!

Edited by VegasGal, 23 February 2012 - 01:54 PM.

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#5 catone

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Posted 23 February 2012 - 01:59 PM

GREAT link ---GREAT info.........


I would say if your banker doesn't know what Dodd-Frank IS, you need to change banks!!!!!

:rolleyes: :D :rolleyes:
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