Regulation D


Regulation D is a directive of the U.S. government, not of PFCU, and impacts the number of transactions PFCU may allow on your deposit accounts. The board of governors of the Federal Reserve System implemented the regulation to ensure that financial institutions maintain adequate reserves for funds they have on deposit.

Regulation D limits certain withdrawals and transfers that can be made from your savings, club and money market accounts. The following transactions (or any combination thereof) are limited to six per month:

  • Overdraft agreements where money is automatically withdrawn from a share account to cover overdrafts in any of the member’s other PFCU accounts
  • Telephone banking transfers (through audio response or per person) from a share account to other accounts or third parties
  • Online banking transfers from a share account to other accounts or third parties
  • Pre-authorized, automatic transfers (ACH) made at a predetermined time to third parties or the member’s other PFCU accounts

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 the PFCU member or is serviced by PFCU. Also, there are no limitations to the number of transactions that you handle on any account in person, by mail or through an ATM. Checking accounts are NOT considered deposit accounts; they are transaction accounts and there are NO limits to the number of withdrawals that can be made.

PFCU will refuse any transactions that are not compliant with Regulation D (checks may be returned and fee applied).

If you have any questions, use our live chat support feature at the top of this page or contact us.

Please review PFCU’s Federal Regulation D Disclosure.