I understand that a consumer can only transfer online six times from a savings account to a checking account. Is this per thirty days, by month, or by statement period?
The restrictions on transfers from savings accounts can be applied on the basis of calendar months, or a statement or similar period of at least four weeks. The bank decides which period it will use to monitor savings accounts for transfers, and should do so consistently.
When dealing with money market deposit accounts, on which checks can be written, a bank can base its count on the date that checks are written or on the date they post to their customers' accounts. Using the posting date is the less complicated method for the bank, but it can result in shifting of checks from one month into the next, particularly when the checks are used for holiday gifts or other seasonal events, such as payment of taxes. Contact your bank to find out how it applies the transfer limit rules for savings and money market deposit accounts.
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The restrictions on transfers from savings accounts can be applied on the basis of calendar months, or a statement or similar period of at least four weeks. The bank decides which period it will use to monitor savings accounts for transfers, and should do so consistently.