Regulation D | SESLOC Federal Credit Union

Regulation D

Federal Regulations limit the number of transactions which may be performed each month on your Share Savings Account because it is designated a non-transaction account. The Chart below explains these limitations.

Checking Accounts provide unlimited transactions. These include withdrawals, electronic payments or transfers to other accounts.

Share Savings Account Transaction Limits

Unlimited Transactions:	Limited to 6 per calendar month:
Withdrawal or transfer: In person request By ATM By mail To pay a SESLOC loan Withdrawals by check (to self): In person request Telephone request Phone Teller request eBranch request Fax request	By preauthorized transfer to a third party By preauthorized payment to a third party (ACH) By preauthorized transfer to member's non-loan account (e.g. Christmas Club or Building Block certificate) By overdraft to checking account Through eBranch Through Phone Teller By telephone call to SESLOC By Fax By E-mail
Limited to 3 per Calendar Month: (counts as part of the 6 total transactions per month)
Requests for withdrawal by check to a third party.

Helpful Tip: If you set up automatic debits to your account to pay a regular bill, arrange to have funds deducted from your Checking Account (S9), which is a transaction account. Checking transactions are unlimited, so you will avoid the risk of a rejected payment resulting from Regulation D transaction limitations on your savings account.

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