April 5th, 2010

Reg D: Electronic Transaction Limits

All financial institutions are required by Federal Regulation D to limit the number of pre-authorized, electronic, or automatic transfers or debits from deposit accounts to six (6) transactions per calendar month. For every Regulation D transaction over the maximum monthly limit, SMCU will impose a $20 fee to the owner of the account.

For more information about Reg D including which account types are monitored and what you can do to avoid exceeding your monthly limit, visit smcu.com.

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