Del-One Federal Credit Union would like to make you aware of a regulation imposed by the Federal Government regarding activity on your savings account at Del-One. We will begin to enforce this regulation effective August 1, 2018.
Regulation D was established to assist members in saving money with the thought that money deposited into a savings account was meant to stay as savings. This regulation limits the number of transfers and withdrawals that you can make from a savings account (regular savings, money market, or club account) to a checking account or third party.
A six (6) transfer/ withdrawal limit per month (money moving out of the account) has been placed on savings accounts at financial institutions, including Del-One FCU. Beginning August 1, 2018, every transaction over 6, in violation of Regulation D, will be charged a $10 fee (per transaction). Click here for more information on which types of transactions are included in this regulation.
To view the updated fee schedule, please click here.