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$1200 checks and banks
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Orfarmer
Posted 3/26/2020 07:36 (#8139637 - in reply to #8139491)
Subject: RE: $1200 checks and banks



Roanoke, IN
flyinfarmer - 3/26/2020 07:32

But don't they have to maintain a level of cash inside their 4 walls that is some % of their total deposits?

Could this deal cause a run on some banks?


Banks now have 0 reserve requirements.

Not likely, since most of the "checks" will be direct deposit and used through a debit card or other electronic means.
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