The amount of withdrawals is set by federal law. According to this law, you can only make six withdrawals or convenient transfers from your account monthly. In case the amount of 6 transactions is exceeded, the user will be charged with an Excess Activity Fee. There is also a clause stating that the user who exceeds this limit in a Service Fee Period 3 times within one year will see their savings vehicle converted to a checking account. In that case, special terms will be negotiated according to the bank’s policy.