[familyofman]

"I would love to know the answer to why regular savings accounts have any sorts of restrictions like this."

Savings accounts by definition are "non-transaction" accounts, not a transaction account (checking). The regs specify the rules, banks are required to notify account holders - when they open the account what those rules are. If the customer forgets the rules - that's the fault of the customer. It's a bit like asking the trooper why are there speed limits.

Read your account agreements & quit bellyaching.

[Desdemona]

I wasn't complaining, just wondering. There were others out there, who were complaining.