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Does Federal Regulation D apply to Online Banking transfers?

April 26, 2017Federal Online Banking regulation d transfers

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Does Federal Regulation D apply to Online Banking transfers?

2 Answers

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Yes, Federal Regulation D applies to Online Banking transfers from savings accounts. Regulation D is a Federal Regulation that limits transactions in savings accounts. The OnPoint accounts that are affected are Regular Savings, Market Rate Savings and Teachers Deposit Fund. Checking accounts do not have any transaction limits.

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Yes, Federal Regulation D applies to Online Banking transfers from savings accounts. Regulation D is a Federal Regulation that limits transactions in savings accounts. The OCU accounts that are affected are Regular Savings, Money Market and Club Accounts. Checking accounts do not have any transaction limits.