Originally Posted by
NYC girl
...was told that it was not possible as there was a 'federal limit' on the number of internet and phone transfers. ...
Yes there is Federal Reserve Regulation D about the number of withdrawls you can make on a savings or money market account. Withdrawls made at a branch or ATM are excluded from the limit.
The "counter" is very easy to see. Just click on the account and look at the number of transfers you've made since you last earned interest.
Since you just learned about it, I thought I should mention that if you exceed the limit 3 times in a calendar year, your account will be closed.