Due to the ongoing COVID pandemic, on April 24, 2020, Reg D has been temporarily suspended by the Federal Reserve Board. View the official press release here.
What is Reg D?
Reg D is a federal regulation that limits the number and type of withdrawals from your Share/Savings or Money Management Accounts to six per month, per account.
How does this impact me?
As an FDLCU Member, this change temporarily allows you to conduct more than six phone or electronic withdrawals out of your Share Account without penalty.
What type of transactions usually contribute to Reg D?
- Online transfers from your Share or Money Management Accounts to a linked account (e.g. your checking account)
- Outgoing online transfers from your Share or Money Management Accounts to another financial institution through ACH transfer
- Transfers or withdrawals initiated by phone, fax, or computer
- Preauthorized, automatic transfers or withdrawals made by a third-party (e.g., automatic bill payments or overdraft protection)
Have additional questions?
Give us a call at (920) 921-1223. We're here for you!