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Posts Tagged ‘Savings Account’

What is a reserve line on my bank account?

Wednesday, February 3rd, 2010
bank account
TheVetDr asked:


I don’t understand what a reserve line is. My bank account has one and it says I have a reserve line of certain amount of $.

Do I owe this to the bank? I don’t get it as even though there have been times my checking account has been on zero, my savings account has always had enough money to cover my spending
Please could anyone elaborate on what is this?

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