Changes to Regulation D and Savings Account Withdrawal Limits

Reported 3 days ago

Regulation D, which previously limited withdrawals from savings accounts to six per statement cycle, was suspended by the Federal Reserve in April 2020 to enhance financial flexibility during the pandemic. Although banks are no longer federally required to enforce this limit, many still impose their own restrictions, making it essential for consumers to understand their bank's current policies to avoid unexpected fees and to choose accounts that suit their needs.

Source: YAHOO

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