LAS VEGAS — (04-25-20) — The Federal Reserve Board announced Rule Changes to Personal Bank Accounts due to the coronavirus COVID-19 crisis on Friday.
The new rule amends Regulation (D), allowing consumers to make unlimited withdrawals or transfers from savings to checking accounts instead of being capped at six per month..
Watch Fed Rule Changes on Personal Bank Accounts
Banks and credit unions are now able to immediately suspend this regulation, giving customers an unlimited number of transfers and withdrawals “at a time when financial events associated with the coronavirus pandemic have made such access more urgent,” according to the statement.
Article by: Paul Goldberg, Staff Writer
Sign Up Below for #JRLCHARTS Breaking News and Follow @JRLCHARTS Daily on Twitter
Affiliate Disclosure: JRL CHARTS is a digital news and media platform. We do not host, stream, or sell adult content. Some outbound links may contain affiliate tracking to licensed studio-owned platforms (e.g., LatinBoyz, AEBN, BiLatin Men). These links lead to legal, age-gated distributors and are provided strictly for editorial and informational purposes only.
