What are Money Market Accounts?
Money market accounts offers money transfers and checks only for a decided minimum amount and you cannot go above it. According to the federal regulations, one can utilize only upto six transactions per month including all modes – telephonic, Internet and checks. There is a maximum limit of three cheques a month and there will be some fees applied to your account if you happen to withdraw the amount for more than six times as well as if you fail to maintain the primary balance. As a result it is fairly important to go through the rules and regulations in detail, just to avoid the over usage and loose your hard earned money for your ignorance!