Reg D

Banking & Credit

Regulation D was a Federal Reserve rule limiting savings and money market accounts to six 'convenient' withdrawals per month (transfers, debit card transactions, online transfers). The Fed suspended the six-transaction limit in April 2020 in response to COVID-19 disruption, and most banks have permanently eliminated it. Some banks still enforce limits as a customer-management policy, charging fees for excess transactions. Reg D's other surviving rules still classify savings vs. checking accounts. Modern banking has largely moved past these distinctions — high-yield savings accounts often allow unlimited transfers in practice.