In the U.S., MMDAs typically are transaction accounts without limitations on the size or number of checks or transfers that can occur each month.

Name: In the U.S., MMDAs typically are transaction accounts without limitations on the size or number of checks or transfers that can occur each month.
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MMDAs (Money Market Deposit Accounts) often have limitations on the number of transactions, such as checks or transfers, that can occur each month, typically restricting customers to six such transactions.

In the US, MMDAs Typically Are Transaction Accounts Without Limitations on the on the Size