What is Regulation D?

Regulation D
Do you treat your savings account like a checking account? It’s tempting to keep the bulk of your funds in your Arrowhead savings account and transfer funds only as you require. However, the number of withdrawals and transfers per month from your savings account is limited due to federal regulations. You are permitted up to 6 TOTAL of any combination of the savings withdrawal transactions within a calendar month not including loan payments. No more than 3 of the 6 transactions may be made by a check or check card payable to third parties.

Accounts that are affected by Regulation D
Savings Accounts
Money Market Accounts
Certificate Accounts
Special Savings
Holiday Accounts

Types of transactions subject to Regulation D
Transfers between your accounts (not including payments made to your Arrowhead loans)
Through e-Branch online banking
Through the ACU Call Center
Pre Authorized or Automatic Withdrawal
Transfers to another member’s account
Transfers through CU Hear
Overdraft transfer from a savings account

Tips to help you manage your savings accounts and avoid Regulation D limits:

Plan ahead and make one large transfer instead of several small transfers. Each regulated transfer (made by calling the Call Center, CU Hear, or e-Branch) counts as one transaction, no matter what the amount. You may utilize an ATM to transfer funds between your accounts.

Consider visiting a Service Center or mailing your transfer request. These transfers are not limited.

Balance your checking account on a regular basis. This will help limit the number of overdraft transfers from your savings account, which counts towards the number of transactions allowed.

We suggest you do not set up ACH automatic debits with merchants or service providers by giving them your account number to come out of your savings account. Set ACH withdrawals to come out of your checking account, which is not subject to this regulation.