Can a savings sweep account be classified as a transactional account? We currently have a product that is called a savings sweep account, however, we have it classified as a transactional account and we have never limited or charged for sweep transfers of more than 6 in a cycle (even before the April 2020 rule change to Reg D). Trying to determine if that is an acceptable practice to continue to classify these accounts as transactional.

After the date of the repeal Regulation Q you could.