What happens when the Reg D limit is reached for the month?

  • Point of Sale (POS) debit card transactions: Additional authorization requests will be rejected.
  • Audio Response (PAL) Transfers or Online Banking Transfers: Your request will be rejected.
  • Overdraft Protection: Funds will not be automatically transferred from your savings account to pay an item if there are insufficient funds in your checking account to cover the amount of the item. Your item will be returned unpaid and an NSF fee will be charged to your account.
  • ACH Debits: Your ACH debit will be returned unpaid and an NSF fee will be charged to your account.
  • Employee Assisted Transfers: You will be informed that your limit has been reached and your request cannot be processed at that time.

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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