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Regulation D

Regulation D is a federal law which limits the number of unsigned/electronic transfers and withdrawals from your savings account to a maximum of six per month. The following types of transactions are counted towards the maximum six per month:

  • Automated/ACH (automated clearing house) withdrawals from your savings account (for example, your insurance company deducts your monthly premium from your savings). Of the six, you are limited to a total of three ACH deductions from your savings per month.
  • Withdrawals or transfers from your savings account to another account made via First Line phone service, First Link online banking, and through our Member Resource Center.
  • Overdrafts from your savings to your checking account. If you do not have enough funds in your checking account to cover a check/withdrawal, and there are enough funds in your savings to cover the withdrawal (plus any overdraft fee), then the funds can be automatically transferred from your savings. This type of transfer counts as an unsigned/electronic transfer.

Remember that you can only have six (6) unsigned/electronic withdrawals from your savings account each month (of which no more than three can be ACH withdrawals). Online banking users, please be aware that online transfers from your savings account are included! If you have any questions, please contact us at (505) 766-5600 or (800) 342-8298.