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WHAT YOU SHOULD KNOW ABOUT REGULATION D

Federal Regulation D restricts members to 6 transfers per month out of their savings accounts. This includes using any combination of the services listed below…

•Telephone Transfers
•Online Banking Transfers
•Overdraft Protection Transfers
•Call into Credit Union Transfers
•ACH Debits

Members are reminded to have their money in their checking “Share Draft” accounts prior to writing any checks.

It is better for the member to have their direct deposits go into their checking “Share Draft” accounts.

 

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