To your Savings Account
Regulation D (Reg D) is set by the Federal Reserve, and it limits the number of withdrawals or transfers you can make from a savings account.
Beginning December 1, 2019, new Reg D limits are set at six transfers or withdrawals per month from your savings accounts. After six, there will be a $10 charge per withdrawal or transfer.
This includes any withdrawal, “not-in-person” transfer, A2A (Account-to-Account) transfers, Online Banking transfers, Auto Checks, AFT (Automatic Funds Transfer) transactions for loan payments, or Debit transfers. Reg D impacts only your savings account; checking accounts continue to offer unlimited transactions.