In the past, financial institutions were required to follow Regulation D which required the limitation of the number and type of withdrawals and transfers to six per month (per account) from Primary Savings Accounts, Special Savings Accounts as well as Money Market Accounts.
We are pleased to inform you that the Federal Reserve has recently suspended this restriction due to COVID-19 to provide consumers with easier access to their money. Effective immediately we will no longer be enforcing this limitation through all transaction channels including online banking.
Thanks for choosing 1st Ed and if you have any questions ,please contact us at 717-264-6506 and we will be happy to assist you. We are available Monday through Friday 9:00 am to 4:00 pm and Saturday 9:00 am to 12 noon (ET).