Small Business Loans

Thursday, July 15, 2010

What happens if I make too many with-drawls from my savings account?

I got a stern letter from TD bank telling me I did too many transfers out of my savings account (seven in total) for the month of June. And that federal law does not allow more then six.



UHM WHAT?

Could someone please elaborate on why this is, and whats going to happen if I make more then six savings withdrawls?
Pre-Authorized transactions including any electronic transfers are limited in savings accounts, by law, to 6 per month as your bank explained. Over-the-counter or

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