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    CaseC21's Avatar
    CaseC21 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Oct 14, 2011, 08:05 AM
    What is penalty for withdrawing from savings account
    What if there is, the penalty from withdrawing from a savings account?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Oct 14, 2011, 08:09 AM
    Depends on the type of account and bank.
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
    		  
    #3

    Oct 14, 2011, 08:44 AM
    There is no penalty for withdrawing form a savings account.
    Some banks have a maximum number of free transactions per months for savings accounts. If you have more transactions, you would pay a fee. Ask your bank or look on their website.
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