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Regulation D

Limited Transfers from Savings Disclosure

Federal Regulation D limits electronic transfers from savings accounts to six per calendar month. Because of this, you cannot make more than six monthly electronic transfers from each Regular Share or Savings Account.

Following are transactions that, in any combination, are limited to six times a month:

• Phone transfers from savings
• Internet transfers from savings to another sub account, from savings to another member, or from savings to another institution.
• Electronic withdrawal from savings (including electronic payments for mortgages, utilities, and investments).
• Overdraft transfer from savings to checking.

You are allowed an unlimited combination of the following transactions:

• ATM transfers
• In-person transfers
• Mail transfer requests

If six Regulation D transfers have been made during the month, overdraft protection from the savings will not transfer and an insufficient fee will apply.