Because interest on your regulated savings account is exempt from tax, transfers from this savings account are subject to legal rules.

These restrictions concern, in particular, transfers from your savings account to another person's account (savings account, current account, fixed-term account) or to an account of which you are a joint holder.

This means that transfers from a child's savings account to the current account of one or both of the child’s parents are not allowed.

However, you can make transfers from your personal savings account to your personal current account within Fortis.

Thank you for your understanding. Please contact your branch if you require more information.