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Regulation D impacts the number of transactions NASA Federal Credit Union may allow on your deposit accounts (including Savings, Club, Trust and Money Market Accounts). This regulation was implemented by the Board of Governors of the Federal Reserve System, whose job is to ensure that financial institutions maintain adequate reserves for the funds they have on deposit.
Regulation D affects you by limiting certain withdrawals and transfers that may be made from your Share Savings, Club, Trust and Money Market Accounts. The following transactions (or any combination thereof) are limited to six (6) per month:
There is no limit on the frequency or dollar amount of transfers for the purpose of repaying loans and associated expenses where the loan has been made to you by the Credit Union or is serviced by the Credit Union.
And, there are no limitations to the number of transactions that you handle on any account in person, by mail or through an ATM. You should know that NASA Federal Credit Union will refuse any transactions that are not in compliance with Regulation D (checks may be returned and fees applied).
FEDERAL RESERVE REGULATION D IS A DIRECTIVE OF THE GOVERNMENT, NOT OF YOUR CREDIT UNION.
Confidential information such as account numbers and social security numbers should not be sent by email for security reasons. Instead, please contact us directly at 1-888-NASA-FCU, send us a secure message through eBranch Online Banking or Mobile Banking, or visit your nearest branch.
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