HomeLegal DisclosuresRegulation D


FEDERAL REGULATORY LIMITATIONS:  If you are transferring from a savings or Money Market account, please be aware that federal regulation limits debit transactions from the account such as: telephone transfers to checking, Internet transfers, ACH payments, automatic sweeps, Internet bill payments, wire transfers (if not in person), and point-of-sale (check card) purchases from savings and money market accounts to six per monthly statement cycle.  If you exceed this limitation on more than an occasional basis, either in number or in frequency, or if you exceed this limitation willfully, the Bank will be required by regulation either to (1) revoke your ability to make those types of withdrawals, (2) close the account, or (3) change it to another account that  allows unlimited withdrawals.


FEES FOR TRANSFERS FROM SAVINGS ACCOUNTS:  If you make more than six (6) debit transactions of any type per month from your savings account, you will be charged a fee of $5.00 for each subsequent debit in that statement cycle. 

FEES OR TRANSFERS FROM MONEY MARKET ACCOUNTS:  If you exceed the withdrawal limitations described in the Federal Regulatory Limitations paragraph above, you will be charged a fee of  $5.00 for each subsequent debit transaction during the statement cycle.