How often can I withdraw funds from my savings accounts?

Although you have 24-hour access to the funds in your savings accounts, federal regulation limits the number of savings withdrawals and transfers you can make each month.

You are allowed up to 6 TOTAL pre-authorized, automatic or telephone withdrawal transactions from a savings account within a calendar month (not including AFCU loan payments). Only 3 of those transactions may be made by a check or check card payable to third parties.

Accounts affected by Regulation D:

• Regular Savings
• Money Market
• Premium Money Market

Types of transactions subject to Regulation D:

Each regulated transfer counts as one transaction, regardless of amount.

• Transfers between your accounts (not including AFCU loan payments)
• Home Banking transfers
• Phone transactions, including MoneyLine
• Preauthorized ACH payments (gym fees, insurance premiums, Internet fees, etc.)
• Automatic transfers or withdrawals
• Transfers to another member’s account
• Automatic overdraft transfers from a savings or money market account

How to avoid Regulation D limits:

• Visit a branch, mail your request, or use an ATM to transfer funds. Branch, mail and ATM transfers are unlimited.
• Plan ahead — make one large transfer from savings instead of several small transfers.
• Arrange for merchant ACH withdrawals to come from checking instead of savings.
• If you need frequent access to your funds, open a checking account.
• Balance your checking account on a regular basis to avoid overdraft transfers from savings.