http://bankfly.com/472/what-is-a-reserve-line-on-my-bank-account/ Best Banking Market Resource | Financial Blog Thu, 30 Sep 2010 04:03:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://bankfly.com/472/what-is-a-reserve-line-on-my-bank-account/comment-page-1/#comment-501 j_slyfield Sat, 06 Feb 2010 19:32:35 +0000 http://bankfly.com/472/what-is-a-reserve-line-on-my-bank-account/#comment-501 If you run out of money in checking, most likely your bank would first yank money out of savings. Then it would likely hit your reserve line. If you run out of money in checking, most likely your bank would first yank money out of savings. Then it would likely hit your reserve line.

]]> http://bankfly.com/472/what-is-a-reserve-line-on-my-bank-account/comment-page-1/#comment-500 Allston Thu, 04 Feb 2010 18:20:50 +0000 http://bankfly.com/472/what-is-a-reserve-line-on-my-bank-account/#comment-500 Reserve line of credit. Its basically a loan. You don't owe the bank anything, unless you use it. You can use it whenever you would like, or if the accounts get to a zero balance then the bank pulls your funds from that. There is more then likely a monthly charge getting taken out of you account each month to have that reserve on there. Reserve line of credit. Its basically a loan. You don’t owe the bank anything, unless you use it. You can use it whenever you would like, or if the accounts get to a zero balance then the bank pulls your funds from that. There is more then likely a monthly charge getting taken out of you account each month to have that reserve on there.

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