Reg D

Reg D


Reg D - How Does it Affect My Account?
Federal regulation requires us to limit withdrawal transactions on certain accounts.

We remind you of the following:

Types of Unlimited Transactions

Withdrawals from your Savings and Money Market accounts and transfers made between your accounts are unlimited when made under the following circumstances:
  • In person

  • ATM

  • By mail

  • By phone, fax, online banking or email when requesting a HV official check made payable to you and mailed to your address on record with HV

  • Transfer to a HV loan in your name

Types of Transactions Limited to Six (6) Per Month

Up to six (6) withdrawals or transfers among Savings and Money Market accounts are permitted each month in any of the following combinations when payable to a third party or to another account owned by you:
  • Checks or similar orders

  • Pre-authorized or automatic transfers

  • Automated Clearing House (ACH)

  • Online Banking

  • HVmobile

  • Overdraft from Savings

  • Telephone, Email, or Fax

How to Avoid Reg D Fees

  1. Keep appropriate balances in your Checking account to reduce the number of overdraft transfers from Savings.

  2. Make insurance, utility, or recurring payments electronically from your Checking account instead of your Savings or Money Market account.

  3. Set up automatic transfers from your Checking account to other designated accounts.

Regulation D - A Complete Description

A complete description of Regulation D is included in the Truth in Savings Disclosure & Account Agreement