One of our most frequently-asked questions is how many transfers from savings to checking are allowed in one month. Our savings account transfer limit is regulated by The Federal Reserve Board. We know that keeping track of withdrawal and transfer limits can get complicated, so we put together a list of the most common limits our members encounter. Read on to find out what the savings account transfer limit actually is
You can find the full details on our Electronic Funds Transfers Agreement & Disclosure.
Keep in mind that the below regulation applies to all accounts – except our club savings accounts. These accounts, including the Holiday and Vacation Club, charge a $10 fee for any withdrawal made before their maturity.
Neither audio response or mobile banking has the below restrictions.
These restrictions are applicable to purchases made with your debit card and personal identification number (PIN).
The savings account transfer limit exists because of Regulation D. This is a regulation enacted by The Federal Reserve Board to ensure that savings accounts are not used as checking accounts. The Regulation D transfer limit is meant to encourage people to make the primary purpose of their savings account to save.
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