Regulation D FAQs

1. What is Regulation D?
Federal Regulation D places a monthly limit on the number of transfers you may make from your Savings Accounts or Money Market Accounts (MMAs) without your physical presence being required. Transfers affected by this regulation therefore include:

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

You are allowed six such transfers per month, per account.

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2. What transactions are not affected by Regulation D?

• ATM transactions.
• Transfers made to INCOL loans.
• Transactions done in person at a branch .
• Transactions sent in by mail, Express Drop, or Night Drop with an original signature

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3. What are my options once an account has reached its Regulation D limit?
You may complete withdrawals and transfers in person, by mail, or at an ATM.

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4. If an account used for Overdraft Protection has reached its Regulation D limit, will overdraft requests be honored?
No, if the Overdraft Protection account is a Savings Account,  In that case, you will receive a notice by mail and incur an Insufficient Funds change for every overdraft attempted beyond your monthly limit.

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5. I have authorized a merchant to automatically withdraw payments from my Savings Account or MMA; 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, 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.

This credit union is federally insured by the National Credit Union Administration.

Kingston Office The New Bridge Center 480 Pierce Street Suite 120-121 Kingston, PA 18704 Tel: 570-288-2326 / 570-288-2327 Hours: 9 to 5 Mon.-Thurs. 9 to 6 Friday	Old Forge Office 510 Bridge Street Old Forge, PA 18518 Toll Free 1-800-698-0101 Tel: 570-457-8899 • Fax: 570-457-8986 Hours: 8:30 to 5 Mon.-Thurs. 8:30 to 6 Friday
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