🚀 go-pugleaf

abrams@cs.columbia.edu (Steven Abrams) writes:
| In article <Nov.3.16.02.42.1992.19323@yoko.rutgers.edu>
| schwabac@yoko.rutgers.edu (Mark Schwabacher) writes: 
| > Yes, there are Chemical Banks in both NY and NJ, but if you have an
| > account at a Chemical Bank (or any other bank) in one state, you
| > cannot make deposits at branches in another state. 
| ...
| > Because of this law, we're stuck making deposits
| > by mail if we cannot get to the state where our accounts are located.
|
| You couldn't be wronger.  
|
| Anchor Savings has branches in NY and NJ.  I make deposits in the NY
| branches all the time -- have for 5 years now.  The account is based in
| an NJ.  I make deposits in both brances all the time.  No problems.


You may *both* be correct.  Chemical Bank is a *BANK*, while Anchor
Savings is a *Savings and Loan Association*.  I'm not that familiar
with the specifics, other than they are governed by different rules.
I do recall something about SLA's being allowed to accept inter-state
deposits, while banks can't, but that was a long time ago and I can't
remember the source.

You could always call your bank/sla and ask why/whynot.-- 
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