Navyfcu has said as long as I know " An Automated Clearing House (ACH) transfer can only be completed out
of a checking account. They cannot, due to regulations by the Federal
Reserve Bank, be sent out of a savings account. The Federal Reserve
Bank does not consider a savings account to be a transactional account."
Is this correct? I do loads af ach in and out of online savings , not moneymarkets, savings definitely. Fed limited to 6 per month, but they went thru fine. Do ach transfers in and out, initiated at external banks, actually work at navy fcu ?