GEICO FCU Community

Regulation D FAQ

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Federal Regulation D (Reg D) is a federal regulation that applies to all financial institutions. Due to the restrictions set forth by Reg D, certain withdrawals or transfers out of savings and/or money market accounts are limited to six per month. Tips to help you manage accounts affected by Reg D include:

  • Use an ATM to transfer funds between accounts
  • Visit a branch to transfer funds
  • Set-up automatic recurring monthly transfers or debits from your checking account, which is not subject to Reg D

For more information about Regulation D and how it affects your GEICO FCU accounts, please review the frequently asked questions below. If you need additional assistance, please contact our Call Center at 800-542-7896.

What transactions are affected by Regulation D?

  • Transfers made using online banking
  • Transfers made using Telephone Banking
  • Transfers made by a member service representative on your behalf
  • Overdraft transfers (made automatically to cover insufficient funds in other accounts)
  • Pre-authorized, automatic, scheduled or recurring transfers

What transactions are not affected by Regulation D?

  • ATM transactions
  • Transfers made to GEICO FCU loans
  • Transactions done in person at a GEICO FCU branch location
  • Transactions sent in by mail

What are my options once an account has reached its Regulation D limit?

You may complete withdrawals and transfers through the following means:

  • Visit a GEICO FCU branch to complete transactions in person
  • Use an ATM to transfer funds between accounts
  • Make withdrawal and transfer requests by mail

How do I know if I have reached my Regulation D limit?

To review your transactions on accounts affected by Reg D, please log in to your online or mobile banking account to review transfers made in your savings and money market accounts or call our Call Center at 800-542-7896 to review your transactions with a Member Service Representative.

If an account used for Overdraft Protection has reached its Regulation D limit, will overdraft requests be honored?

No, if the Overdraft Protection account is a Savings Account or MMA. In that case, you will receive a notice by mail and incur an Insufficient Funds Charge for every overdraft attempted beyond the monthly Regulation D limit. However, if the Overdraft Protection account is a line of credit, which is not affected by Regulation D, the overdraft will complete normally.

I have authorized a merchant to automatically withdraw payments from my Savings Account or MMA; do these count against my monthly limit?

Yes. These payments (which you might know as "ACH" or "EFT" transactions) follow Regulation D limitations. Any withdrawals attempted beyond your monthly limit will not be honored, and you will receive a notice by mail and incur an Insufficient Funds Charge. To avoid this situation, make automatic payments using something other than a Savings Account or MMA, such as a checking account. Contact the merchant to arrange this change, and be aware that your request could take more than a month to go into effect. Also, consider using GEICO FCU's Bill Pay service to automatically send payments to the merchant, rather than authorizing the merchant to automatically withdraw payments.