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Frequently Asked Questions:
Category: Transfer Limits/Regulation D
| Question: |
What is Regulation D?
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| Answer: |
Regulation D (Reg-D) is defined as a transaction that is done without a member present at a branch or ATM location. This regulation limits you to six Reg-D transactions per calendar month from each share savings account including your main share, money market, vacation and Christmas accounts.
Reg-D transactions include:
- Call 24 transfers and withdrawals,
- FAIRWINDS Online transfers and withdrawals,
- overdraft protection transfers,
- transfers done over the phone with our member service line, and
- ACH withdrawals (Preauthorized debits).
There is no limit to transfers or withdrawals done in person, by ATM, or those made from a checking account or line of credit loan. |
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[Disclaimer - This Frequently Asked Question list uses common language to describe various services. Please refer to your Member Handbook for explicit details of credit union policy.]
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