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Regulation D
What is Federal Regulation D?
Federal Regulation D limits the number of certain types of withdrawals that a financial institution may allow a member to make from their savings or money market account. You may make no more than six of these types of transfers or withdrawals per month from each account. Once the limit of six (6) is met, additional transactions of these types may not be processed. Overdraft protection requests may also not be honored.
Transactions affected by this regulation include:
- Automatic transfers (ACH) withdrawals from savings
- Overdraft transfers to checking from savings/money market
- Phone or email transfers from savings/money market
- Online banking transfers from savings/money market
You are allowed six (6) such transfers per month, per account.
For transactions NOT affected by regulation D, see below.
For assistance in making changes to your accounts to avoid any inconvenience in the future, contact Member Services at 800-268-6928.
What transactions are not affected by Federal Regulation D?
Transactions NOT affected by regulation D:
- ATM Transactions
- In-person branch transactions
- Transfers from savings to loans
- Mail transactions
- Direct Deposit, payroll deduction
- Phone requests for withdrawal check to be sent to member
What are my options once an account has reached its Regulation D limit?
You may complete withdrawals and transfers in person, by mail, or at an ATM.
Proudly Serving Dominion Energy Employees & Their Families
Since 1940 our goal remains the same; to help Dominion Energy employees save more and reach their goals faster. From checking and mobile banking, to low interest auto loans and surcharge-free ATMs, we make banking easy.
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