Does your bank issue ATM cards on your savings accounts?

We used to do that in the past, but we've stopped that practice.

We do.

There's no regulation preventing us but I consider it too much of a risk. So far we've been handling it on a case by case basis and only issuing atm cards instead of debit cards.

The major argument against issuing debit cards to access a savings account (only) are (1) the transaction limits applicable to savings accounts under Regulation D §204.2(d)(2), and (2) the fact that some networks don't permit a savings account to be listed as the primary account accessed by such a card.

Even many ATM cards can be used in ATM networks to complete PIN-authorized purchases at participating merchants. Those transactions would be counted toward the monthly 6 per month Regulation D limit, too. However, most banks have found that savings only ATM cards have not been as problematic as savings-only debit cards because the number of places they can be used is smaller.

Thanks you all for your input and quick response.