Regulation D defines the types and number of transactions that can be performed on non-transaction accounts (all share and money market accounts).
Specific Regulation D guidelines can be found in our New Account Disclosure, or you may call Member Services at 956-618-7500 (McAllen), 956-969-2595 (Weslaco), or toll-free at 1-800-628-9888.
The federal government’s reserve requirements limit the following electronic transactions on share or money market accounts to six (6) per month:
- Overdraft protection transfers
- Pre-authorized electronic debits (ACH)
- Automated telephone teller transfers
- CU@home transfers
- Pre-authorized automated transfers
Transactions made in person at a credit union office are NOT subject to Regulation D Limitations.
If you use your Share or Money Market accounts as overdraft protection sources please make note that after the 6 transaction limit is reached all further overdrafts will be returned.