Monday, November 9, 2026

Question: Does federal law still limit savings accounts to six convenient withdrawals per month?

Answer: No. The Federal Reserve dropped the limit in April 2020, early in the pandemic. The old rule was part of Regulation D. It capped online, phone, and automatic transfers out of savings at six a month, while ATM and in-person withdrawals never counted. Many banks still set their own six-transfer limit, though, and some charge a fee for going over it.