Editing Transaction deposit (section)

==Regulations==
Transaction accounts include all deposits against which the account holder is permitted to make withdrawals by negotiable or transferable instruments, payment orders of withdrawal, or by [[telephone]] or preauthorized transfers for the purpose of making payments to third persons or others. However, accounts subject to the rules that permit no more than six preauthorized, automatic, or other transfers per month (of which no more than three may be by [[check (finance)|check]], [[check (finance)|draft]], [[debit card]], or similar order payable directly to third parties) are [[savings deposit]]s, not transaction accounts.