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Regulation D FAQ’s

  • What is "Regulation D?"

    Federal Reserve Regulation D places a monthly limit of six (6) electronic transfers and withdrawals that you may make from your Savings Accounts without your physical presence being required. Transactions affected by this regulation include:

    •  Transfers made using SAFE@home Online Banking
    •  Transfers made using Telephone Banking
    •  Overdraft transfers (made automatically to cover insufficient funds in other accounts; see below)
    •  Transfers by phone made by a Member Service Representative on your behalf
    •  Pre-authorized, automatic, scheduled or recurring transfers or withdrawals

    Please note Stark FCU will allow only three (3) withdrawals per calendar month on
    Money Market Accounts (MMAs).

  • What transactions are not affected by Regulation D?

    •  ATM transactions.
    •  Transfers made to Stark FCU loans.
    •  Transactions done in person at a branch
    •  Transactions sent in by mail or night drop


  • What are my options once my saving account has reached its Regulation D limit in a calendar month?

    You may complete withdrawals and transfers in person, by mail, or at an ATM.

  • If a savings account has reached its Regulation D limit, will Stark FCU continue to automatically transfer money to cover an overdraft?

    No.  In that case, you will receive a notice by mail and you may incur an overdraft charge for each item presented for payment against your account. Ask for details about our Overdraft Privilege Program.

  • I have authorized a merchant to automatically withdraw payments from my Savings Account; do these count against my monthly limit?

    Yes. These payments (which you might know as "ACH" or "EFT" transactions) follow Regulation D limitations. Any withdrawals attempted beyond your monthly limit will not be honored, and you will receive a notice by mail and incur an Insufficient Funds change. To avoid this situation, make automatic payments using something other than a Savings Account or MMA, such as a checking account. Contact the merchant to arrange this change, and be aware that your request could take more than a month to go into effect.

    Note:  There are no limitations on checking accounts, only savings.






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