[nicmarlo]

What I'm posting is what I'm finding on the Internet; I'm not a banker or employed in that field. That said, here's yet another bank, with a bit more info. (it appears that the regulation is applied to interest-bearing accounts, not the type of institution in which the funds are held):

Federal regulations limit the amount of transactions on interest bearing accounts to six per month,
with no more than three of those from a check. Excessive withdrawals may result in closure of the
account.

https://valleybankandtrust.com/personal_products.htm

[Bikers4Bush]

We need to find out whotf is responsible for this crap.

[Desdemona]

Federal regulations limit the amount of transactions on interest bearing accounts to six per month, with no more than three of those from a check. Excessive withdrawals may result in closure of the account.

When did this little tidbit come into effect.

My old MM account had a limit of three transactions per month, which was great for the reason I was using it, but it could be a pain.

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