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Can I set up Online Bill Pay to pay bills from my Savings or Money Market account?

April 26, 2017account bills Money Market online pay savings

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Can I set up Online Bill Pay to pay bills from my Savings or Money Market account?

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No. Federal Regulations prohibits savings and money market accounts from being used as “transaction” accounts. You can transfer funds from your savings and/or money market account to your checking account via Online Banking and when those funds are available, make payments from your checking account.