Reg D Reminder

9/14/2011

Having access to your funds when you need them is important.  That’s why we want to make sure you remember Reg D, an important federal regulation that limits the number of electronic transactions you can make each month from your savings or money market accounts.  Under Reg D, you are allowed a total of 6 transactions each month from the following:

 

• Preauthorized ACH debits/credits
• Automatic transfers
• Telephone transfers (speaking with an employee by phone)
• Audio response transfers (Express Call)
• Payments to third parties by check or debit card (if overdraft transfer made from savings)

 

We have several ways to help you manage your electronic transfer limit from savings.  First, you could transfer more money at one time.  Or you could use a line of credit as overdraft protection for your checking account – thereby decreasing your need for transfers from savings.  And finally, you can always come into a TTCU branch or Shared Branch location to sign for the transfer of funds (no limits on these!). 

 

If you have any questions about Reg D, please contact your local branch or email us at memberservices@ttcu.org.