1. What is Regulation D?
  2. What transactions are not affected by Regulation D?
  3. What are my options once an account has reached its Regulation D limit?
  4. When does the Regulation D counter reset?
  5. What can I do to ensure my account is compliant with Regulation D?
     

 

1. What is Regulation D?
Federal Regulation D (Reserve Requirements) places a monthly limit on the number of transfers or electronic withdrawals you may make from your Membership Shares (Savings), Secondary Shares, Silver and Gold Savings, and Money Market Checking accounts when these transactions are not made in person at the credit union or at an ATM. Regulation D limits apply to the following MSGCU transactions:

  • Transfers made using Online Banking
  • Transfers made using Telephone Banking
  • Overdraft transfers (made automatically to cover insufficient funds in other accounts)
  • Pre-authorized, automatic, scheduled or recurring transfers

You are allowed six such transfers per month, per account.

Return to Top

2. What transactions are not affected by Regulation D?
The transactions below are not limited by Regulation D, therefore you can perform as many as you would like within a statement period.

  • ATM transactions
  • Transfers made to your MSGCU loans
  • Transactions made in person at a branch (including shared branches)
  • Transactions sent in by mail with an original signature
  • MSGCU Online Bill Pay (which uses funds from your checking account)

Return to Top

3. What are my options once an account has reached its Regulation D limit?
You may complete withdrawals and transfers in person, by mail, or at an ATM. These types are transactions are not limited by Regulation D.

Return to Top

4. When does the Regulation D counter reset?
The Regulation D counter resets on the first of each month.

Return to Top

5. What can I do to ensure my account is compliant with Regulation D?
Reduce the number of preauthorized, electronic withdrawals from your savings accounts. A Member Service Representative can assist you.

  • Our checking account, which is not limited by Regulation D, can be used for regular transfers and withdrawals.
  • In-person transactions, which are unlimited, can be performed at any of our branches or 30,000+ network ATMs. Find one near you at msgcu.org/locations.

Return to Top

HAVE ADDITIONAL QUESTIONS?