Does SmartyPig transfer ACH or EFT funds into a mutual funds sweeps account or any other money making account at any time?
Does SmartyPig transfer ACH or EFT funds into a mutual funds sweeps account or any other money making account at any time? I read on line that Bank of America will take a customer's Keep the Change savings and transfer the money into the sweeps account at night and re-transfer it back to your own savings in the morning. The catch is that they don't bother to tell customers this when they apply for a savings account and I am curious about SmartyPig doing something like this.
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Inappropriate?@Mary No, we (West Bank and SmartyPig) do not "sweep" funds into any type of mutual fund or money market account each evening. Thanks, Tiffany
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