You are limited to six withdrawals and/or transfers from tiered money market accounts each month. Withdrawals and transfers made between your accounts are unlimited when made under the following circumstances:
Up to six withdrawals or transfers per tiered money market account are permitted each calendar month at no charge in any of the following combinations, when payable to a third party or to another account owned by you:
- Checks or similar orders
- Pre-authorized or automatic transfers
- Automated Clearing House (ACH)
- Internet Banking and Mobile Banking
- Audio response (MAGIC)
- Overdraft from savings
- Telephone, email, or fax
If the withdrawals or transfers within a calendar month exceed an aggregate of six transactions, a fee is assessed for each withdrawal or transfer in excess of the permitted six.
How to Avoid Regulation D Problems
- Make recurring electronic payments, such as insurance or utility bills, from your checking account instead of your tiered money market account
- Set up automatic transfers from your checking account to other designated accounts
- Set up a Regulation D alert within CUAlerts to keep track of transactions that count toward your monthly limit