Regulation D limits the number of withdrawals from a savings account to six per month. This includes any withdrawals/transfers to cover overdrafts in a checking account. And, this is a combined six per month. So, if a member were to make two other "Reg D" withdrawals in a given month, the member would only have four left for transfers to the checking account to cover overdrafts. ****Read More; http://bit.ly/ylX83D
In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes Artificial Intelligence and BSA, Elder Financial Exploitation, Pig Butchering & BSA, and Executive Order – Free and Fair Banking.
Comments
Post a Comment
Please no profanity or political comments.