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MMA - Transfers Between Accounts

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Question: 
On Money Market accounts, if a customer initiates online transfers between their accounts at one financial institution is this considered part of the limit of six, or can this be considered unlimited?
Answer: 

Online transfer count toward the six debits allowed per month.

[Editors Note:As of 7/2/09, the separate limit of three per month for checks, POS debit card transactions, etc., has been eliminated, and those transactions are now only subject to the 6/month limit that applies to other restricted transfers and withdrawals.]

First published on BankersOnline.com 3/19/07

First published on 03/19/2007

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