Fort Knox Savings Accounts are designed to only allow funds to move to a single external bank account. This is one of the most important features powering the engine of Fort Knox High-Security Savings accounts, so the short answer is – You can, but only under certain circumstances.
If you open more than one Fort Knox savings account, you may link each to a separate funding account. Closed Loop protection applies within Fort Knox, too, so funds cannot be transferred between Fort Knox accounts.
Lockdown™ Status
If the link to your external funding account is broken, your account will enter Lockdown™ Status, which blocks incoming deposits and greatly limits the speed and maximum amounts of transfers out of Fort Knox.
If your account enters Lockdown™ Status, you will need to re-establish the link to the original external funding account.
If that account is no longer available, you can link a new external bank account after completing a few verification steps designed to ensure your balance isn't going anywhere it shouldn't.
Read more about account statuses.
New Savings Accounts
If you've just opened your Fort Knox Savings Account you may change your mind about the linked account you want to use. Fort Knox permits users to update the externally linked bank account within 60 days of account opening.
Fort Knox is designed specifically to inhibit the movement of money from one account to another. If you choose to update your linked bank account in the initial 60 days, out of an abundance of caution for the security of your funds, we will automatically hold all withdrawals to the new bank accounts for up to 60 days.