Effective April 24, 2020, Regulation D was amended by the Federal Reserve Bank to remove the limitation of six transactions per month in Savings accounts or Money Market accounts. With this change, Marion County Bank customers are now enabled to make an unlimited number of transfers and withdrawals from Statement Savings accounts and Money Market accounts per monthly
statement cycle without fees. The Federal Reserve Bank amended Regulation D and eliminated the restriction on transactions to allow customers more convenient access to their funds.
If you have further questions, please contact our Customer Service Department during our normal business hours.