PC Banking & Unlimited Permissible Transfers

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Question:

Is doing a transfer from one account to another with the same TIN, through PC Banking from a MMF considered an unlimited permissible transaction?

Answer:

If "MMF" means either a savings and money market deposit account as defined by Regulation D, any such transfers from these account types would be limited to six per month, or statement cycle of at least four weeks.

First published on BankersOnline.com 2/20/06