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EFTs and ODPs

Question: 
Has the number of monthly electronic funds transfer for overdraft protections changed recently?
Answer: 

by Randy Carey:

The only thing I can think of that this might be related to this question would be the elimination of the six preauthorized transfer limitation from savings accounts in Regulation D. Otherwise, I would not have any idea what this question is about?

Answer: 

by John Burnett:

I was wondering what the question was about, too, Randy. But I think you have hit the nail on the head. Those limits on transfers from a savings account or MMDA were eliminated in the spring of 2020.

First published on 02/06/2022

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