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Transfers Through Online Service-6 Monthly Limit?

Question: 
If a customer transfers from their savings to their checking account through the online services, does that count towards the six monthly limitations?
Answer: 

Answer by Randy Carey: Yes.

Answer: 

Answer by John Burnett: BankersOnline's Banker Tools includes a helpful chart that explains clearly which customer transactions must be included in the Regulation D six-per-month limit and which don't have to be counted.

First published on BankersOnline.com 9/3/12

First published on 09/03/2012

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Filed under compliance as: 

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