With a traditional savings account, you could be charged a fee if: You open an account online You close the account You deposit too much money at once You withdraw money too often

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Tamara Grimes

10 December, 10:03

With a traditional savings account, you could be charged a fee if: You open an account online You close the account You deposit too much money at once You withdraw money too often

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Anna Erickson · Answer 1

With a traditional savings account, you could be charged a fee if you withdraw money too often.

This is because traditional savings accounts frequently have limits on the number of withdrawals a person is allowed to make per month (e. g. 3 withdrawals per month limit).

Let me know if you have any questions.