Regulation D impacts the number of transactions Highgrove Community Federal Credit Union may allow on your deposit accounts (including savings, money market, certificates, and Holiday accounts). The Regulation was implemented by the Board of Governors of the Federal Reserve System, whose job is to ensure that financial institutions maintain adequate reserves for the funds they have on deposit.

How does Regulation D affect you? It limits the number of pre-authorized, automatic or phone transactions you make each month on a deposit account to a maximum of six. No more than three of the six such transfers may be made by check, draft, debit card, or similar order made by the depositor and payable to third parties. Balance inquiries, loan payments (between suffixes on one member number), and all transactions from a checking account do not count as part of those six transactions. And, there are no limitations to the number of transactions that you handle on any account in person, by mail or through an ATM.

Here are some examples of Limited and Unlimited Non-Transaction accounts:

LIMITED Electronic Withdrawals for Non-Transaction Accounts:

• Automatic transfers to other accounts
• Pre-authorized payments to a third party (ACH withdrawals)
• Online banking transfers
• Telephone Teller transfers
• Transfers done over the phone with a Member Service Representative (including wire transfers)
• Overdraft transfers
• Point of Service (POS) transactions

UNLIMITED Electronic Withdrawals for Non-Transaction Accounts:

• Withdrawals done in person at one of our office locations
• Transfers done in person at one of our office locations
• Cash withdrawals at an automated teller machine (ATM)
• Transfer requests made at an ATM
• Withdrawals (made payable to "self") using Telephone "On-Call"
• Withdrawals (made payable to "self") requested by phone through a Member Service Representative
• Automatic loan payments made on a Highgrove loan
• Withdrawals requested by mail