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I don't think you're allowed to limit withdrawals on savings accounts or checking accounts. (Beyond the 6x monthly limit on savings) Money Market accounts are

I don't think you're allowed to limit withdrawals on savings accounts or checking accounts. (Beyond the 6x monthly limit on savings) Money Market accounts are allowed to have limits (and haircuts) applied. Etc. etc. As a bank, they'd have different accounts with different rules on each kind of account. But Money Markets aren't allowed to be mixed with the long-term treasuries that SVB were holding. So it really depends on the mix of accounts, various regulations and such.

fbdab103 4y ago
The Money Market one probably comes as a surprise to many people (it did to me). I believe the financial industry lobbied so that the day-to-day Money Market fluctuations could be hidden from the user so that clients thought they were more stable than reality.
TMWNN 4y ago
> (Beyond the 6x monthly limit on savings) Hasn't been a thing for three years.