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View Full Version : What is penalty for withdrawing from savings account


CaseC21
Oct 14, 2011, 08:05 AM
What if there is, the penalty from withdrawing from a savings account?

Curlyben
Oct 14, 2011, 08:09 AM
Depends on the type of account and bank.

taxesforaliens
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.