Reg D

Your MAFCU accounts are subject to Reg D, a federal regulation that permits 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
• Holiday Accounts

Types of transactions subject to Regulation D

• Transfers between the affected accounts, not including payments made to MAFCU loans
• Online banking transfers between the affected accounts
• TNT phone transactions between the affected accounts
• Pre-Authorized or Automatic Withdrawal
• Transfers to another member's account
• Overdraft transfer from a savings account

Transactions not limited by Regulation D

• Deposits, transactions in person at a branch, ATM, or by mail are not limited

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 transaction counts as one transaction, no matter what the amount.
• 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.
• If you utilize an ATM to transfer funds between your accounts, consider visiting a Branch Location, or mailing your transfer request since these transfers are not subject to Reg D.
• Set automatic ACH withdrawals from merchants to come out of your checking account instead of your savings account since checking transactions are not subject to the regulation, or consider MAFCU’s Online Bill Payer.