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Federal Reserve Suspends Six-Limit Transfer on Savings Accounts

The Federal Reserve Board has no plans at this time to re-impose transfer limits between savings and checking accounts under Regulation D. Federal Regulation D is a federal law that limits certain withdrawals or transfers to six per month from a savings or money market account. In April 2020, an interim final rule was made

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Scam Alert: We’ve been made aware of fraudsters impersonating financial institutions by spoofing phone numbers on caller ID. Please remember, we will never contact you to request your personal or sensitive information. If you receive a suspicious call, text, or email, do not respond or engage. Instead, contact the company directly using the official customer service number listed on your card or their verified website. Your security is our priority.

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