Fed to Suspend Six-Withdrawal Limit on Transfers from Savings Accounts – As of April 24, 2020
The Federal Reserve announced today that it would provide relief from the six-per-month limit on transfers or withdrawals from savings accounts under Regulation D, effective immediately. This action—advocated by the American Bankers Association—is intended to grant more flexibility to consumers to access their savings deposits at a time when many are facing financial hardships due to the … Read more