Regulation D Limitations Clause Samples

Regulation D Limitations. The Federal Reserve Bank’s Regulation D limits certain withdrawals and transfers from your share accounts (including FAT CAT share accounts and Zard share accounts), IRAs, ▇▇▇▇▇▇▇▇▇ ESAs, SEP IRAs, and money market share accounts. The following types of withdrawals and transfers from these types of accounts are limited to a total of six per account per calendar month: • internet transfers to another deposit or share account • phone transfers to another deposit or share account • overdraft transfers to a checking account • automated funds transfers to another deposit or share account • funds transfers or withdrawals not initiated in person at a branch and payable to a third party (such as a wire transfer request) • safe deposit box auto-debit fees that occur yearly The following types of withdrawals and/or transfers are not limited on your share accounts and money market share accounts and can be performed as often as needed: • transactions completed in person at a branch • transactions performed at an ATM • transfers to loans or credit cards • transactions sent to SECU by mail The following types of withdrawals and/or transfers are not limited on your IRAs, ▇▇▇▇▇▇▇▇▇ ESAs, and SEP IRAs, and can be performed as often as needed (subject to any limitations stipulated by the Internal Revenue Service): • transactions completed in person at a branch • transactions sent to SECU by mail NOTE: Accounts that are exempt from Regulation D and therefore have no withdrawal and transfer limitations are as follows: dividend checking accounts, non-dividend checking accounts, Zard checking accounts, CPG accounts, and HSAs.