Federal Regulation D places a monthly limit on the number of withdrawals or transfers you can make from your Savings account or Money Market accounts without you being physically present during the transfer or withdrawal. Transactions affected by this regulation therefore include:
- Withdrawals/transfers made through Online Banking
- Telephone withdrawals/transfers (automated telephone banking system and oral or email requests handled by the Member Service Center)
- Overdraft Protection withdrawals/transfer
- Pre-authorized, automatic or recurring transfers including ACH and electronic debits
Per Regulation D, you’re allowed six such withdrawals/transfers per month.