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 Federal 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 charge. 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.