Not any more. Federal Reserve Regulation D used to prohibits excessive withdrawals/transfers from non-transaction accounts such as savings accounts. In the past, you were limited to six electronic withdrawals a month from non-transaction accounts, including transfers to another account, pre-authorized transfers, overdraft protection transfers, automatic transfers, recurring payments, telephone transfers/withdrawals, and Internet transfers/withdrawals. The restriction has been lifted, so you are now able to make as many transfers from your savings account in a month as you need to.