If you have made a transfer from savings in Online Banking and received a notice that you've exceeded your limit, it means that you've reached the transfer limit under Regulation D (Reg D). Why do these limits exist? It has to do with federal monetary policy described the regulation.

Savings account transfer limits, set by Federal Reserve Reg D, help to regulate the level of reserves a bank or credit union must maintain. When determining the reserves that financial institutions must maintain with the Federal Reserve Bank, only transaction accounts (i.e. checking accounts) are considered in the calculations. Transfer limits prevent nontransaction accounts (i.e. savings accounts) from being used like checking accounts to ensure proper classification for these purposes.

These limits ARE NOT unique to accounts at BTCU. All financial institutions are subject to Reg D.


What does this mean for your accounts?

Reg D limits the number and type of withdrawals you can make from a savings account every month. You may not make more than 6 withdrawals or transfers from a savings account to another account, including online banking transfers, transfers made over the phone, and ACH withdrawals. 

Reg D does not limit deposits, ATM transactions or transactions made in person at a branch.

Limited Transactions - No more than 6 per month

  • Online Banking transfers
  • Automatic transfers to another account at BTCU or to a third party
  • ACH withdrawals
  • Phone transfers

Unlimited Transactions

  • Deposits
  • Withdrawals or transfers made at an ATM
  • Withdrawals or transfers made in person


How to avoid exceeding Reg D limits:

It's simple. Use your checking account - which is not subject to the Reg D limits. You can make unlimited transactions from your checking account. 

You'll need your 14-digit checking account number to redirect your direct deposit or ACH withdrawals and payments. Contact BTCU if you do not know your 14-digit checking account number and we can message it to you in Online Banking.

You can also make one large transfer from your savings instead of multiple smaller transfers.


What to do if you exceed Federal Transfer Limits:

If you reached the limit for transfers, you can still withdrawal money at an ATM or in person at a BTCU branch.

You will be charged a fee if you exceed the limits during a month. (See BTCU's Fee Schedule).

Whether or not you've reached the transfer limit in a calendar month, your transaction count will reset at the beginning of the following month.

Find a ATM near you.

With more than 25,000 ATMs nationwide, MoneyPass is one of the largest surcharge-free networks in the nation. To find one near you, seach here: ATM Locator or download the MoneyPass ATM Locator app from your app store today!


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