Regulation D Limits
Under the Federal Reserve Bank's Regulation D, no more than a total of
six transfers are allowed per calendar month from your Share Savings or Vacation Accounts
| LIMITED TO SIX PER MONTH (All types total) | NOT INCLUDED |
| Telephone Transfers from Share Savings/Vacation | Share Savings to Loan Transfer |
|
AUDIO RESPONSE Transfers from Share Savings/ Vacation |
Share Savings Transfers to Loans |
|
HOME BANKING Transfers from Share Savings/Vacation |
Share Savings Transfers to Loans |
| Overdrafts from Share Savings Account to cover Share Drafts | |
|
Included in six per month |
|
| Written transfer note in Night Deposit | |
| Written transfer note by Messenger | |
| Written transfer note by Mail | |
| In Person at NET |
REG D LIMITS DO NOT APPLY TO SHARE DRAFT CHECKING ACCOUNTS.
There is no limit as to how many checks you may write.
At NET FCU this compliance became effective November 1, 2006.
WHAT YOU CAN DO TO PREVENT EXCEEDING LIMIT FOR SHARE SAVINGS/VACATION:
Have all pre-authorized withdrawals (insurance, utilities, etc.) withdrawn from Share Draft Checking.
Reduce the number of transfers: Keep sufficient funds in your Share Draft Checking account to cover your checks and withdrawals. Do not write a check until you deposit to your Share Draft Checking to cover the check.
An ATM machine transfer does not count against Reg D but please remember that the transfers are not done in real time and may take two days or longer to post at the credit union.
Have your payroll or direct deposit target your Share Draft Checking rather than your Share Savings account.
Transfers made from Share Draft Checking to Share Savings do not have a limit.