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Saving Services
How
can I make deposits?
Are there any limits on withdrawals
from savings accounts?
How can I make deposits?
Are
there any limits on withdrawals from savings accounts?
Under the Federal Reserve Bank's Regulation D, transfers or withdrawals from a savings account
to another account or to third parties by preauthorized, automatic, wire, computer
or telephone transfer are limited to six (6) per month. Of these six, no
more than three (3) transactions may be drafts and payable to a third party.
There are generally no federal limitations on the number of transfers
or withdrawals made at a branch or ATM each month. However, a $3 fee
will
be assessed for each withdrawal in excess of two (2) per month.
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