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Too Many Transactions from Savings Account?

Here's a list of transactions limited by Federal Regulation D:
Transfers from savings account using Online, Mobile or Telephone Banking
Automatic withdrawals from a savings account
Overdraft transfers from savings to checking

The good news is that there are transfers from your savings account that that do not count towards Regulation D.

Here's a list of transactions with no limits:
ATM withdrawals and transfers from savings account
Transfer requests from savings account made in person
Transfer requests from savings account received by mail

Now that you know the types of transactions that are limited and not limited, it is also important to know ways to avoid Regulation D altogether.

Tips to help you manage your accounts and avoid paying a transaction fee:
Open a checking account, if you haven't already, and use it instead of your savings to make transfers and withdrawals
Make recurring electronic payments from your checking account instead of your savings
Establish a line of credit as overdraft protection--transfers are usually unlimited
Perform transfers from your savings or money market at an ATM or in person--these do not count towards Regulation D

To learn more about Regulation D and other Federal Regulations, visit http://www.federalreserve.gov/bankinforeg/reglisting.htm.

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