### Comment:
OCC didn’t allow it because didn’t meet the banking requirements for a checking account. 
  
 Not sure how they’re doing it now.

### REPLY:
They are accomplishing this by making it a Cash Management  account. They had said it was going to be a checking and savings account SIPC pretty much said they weren't ganna cover the checking and savings acc. Now that it's a cash management acc it's somehow different. https://youtu.be/wc2kqJRm-sQ this guy explains it far better than I can.

### END.