How can I manage my accounts to avoid Reg D limits?

There are several ways to manage your account such as:

  • Open a Checking Account (some restrictions may apply).
  • Have your direct deposits sent to your checking account, which is not subject to Reg D. You can make unlimited transactions from your checking account.
  • Arrange for all ACH withdrawals and pre-authorized debits to come out of your checking account instead of a savings account.
  • Plan ahead and make one large transfer from your savings account instead of several small transfers.

Don’t have a Southeast Financial checking account? Learn more about our checking accounts, then visit any branch or call us at 615-743-3700 or 800-521-9653 to apply.

Important Notice: On April 24, 2020, the Federal Reserve Board announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit on convenient transfers from savings accounts. The interim final rule allows financial institutions to immediately suspend enforcement of the six transfer limit and to allow their members/customers to make an unlimited number of convenient transfers and withdrawals from their savings accounts at a time when financial events associated with the coronavirus pandemic have made such access more urgent. We have removed the limit and will update you with any changes.


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