Monday, 5 October 2015

Why Your Savings Account is Limited to Six ACH Transfers a Month

If you move money around in your accounts frequently, you might’ve been hit with a transaction limit penalty at some point. When this happened to me, I was upset at my bank, but it’s actually the Federal Reserve that limits your savings account to six transactions a month. But why?

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via Lifehacker http://ift.tt/1Rr6Yrf

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