Regulation D

How It Affects You
The number of withdrawals and transfers per month from your savings account is limited due to federal regulations.

We understand that it is tempting to keep the bulk of your funds in your USSCO share account and transfer funds only as you need them to other accounts, or to your share draft to clear checks and other items.

However, you are permitted up to six (6) transfers or withdrawals per calendar month of any combination of the savings withdrawal transactions listed below from each savings account.

·Transfer from savings between your accounts(not including payments made to your USSCO loans)
·Transfers from savings made on home banking
·Transfers from savings made by telephone request
·Pre-authorized or automatic withdrawals from savings, such as insurance premiums or other bills
·Transfers from savings to another member’s account
·Transfers from savings made through MAID our voice response system
·Overdraft transfers from savings account to cover checks or other items

Understanding Regulation D

Accounts that are affect by Regulation D:

·All accounts that are designated as Savings Accounts
·Secondary Savings
·Club Accounts
·Money Markets

Tips to help you manage your savings accounts and avoid regulation D limits:

·Plan ahead and make one large transfer instead of several small transfers. Each of the Transfers counts as one transaction no matter what amount.
·Use an ATM to transfer funds between your accounts – ATM transfers are considered “signature authorized” and do not count as Regulation D transactions.
·consider visiting a branch or mailing your transfer These transfers are considered “signature authorized” and are not limited.
·Balance your checking account on a regular basis. This will help limit the number of overdraft transfers from your savings account, which counts towards the number of transactions allowed.

We suggest you do not set up ACH automatic debits with merchants or service providers from savings. Instead, set ACH withdrawals to debit your checking account, which is not subject to this regulation.