The Federal Reserve Board announced an interim final rule to remove the six-per-month limit on convenient transfers from savings and money market accounts. Effective 4/30/2020 until which time the rule is repealed, Enterprise Bank & Trust will allow unlimited transfers and withdrawals from these accounts without a fee. All other fees on these accounts (such as minimum balance requirements, dormant fees, etc.) will still be assessed.
If you have any questions, please contact a Client Service Officer.