Reg D - East County Schools Federal Credit Union
Skip to main content

Online Banking

Open An Account  |  Apply For A Loan

Reg D

Frequently Asked Questions

What is Regulation D (Reg D)?

Reg D is a federal regulation that limits the number and type of withdrawals from Savings or Money Market Accounts to 6 (six) per month (per account).

Which accounts does Reg D affect?

East County Schools Regular Savings or Money Market Accounts are affected. Checking accounts do not have any transaction limits.

When does the Reg D counter reset?

The Reg D counter resets at the beginning of each calendar month.

What types of transactions are not counted toward the 6 (six) transfers permitted each month?

  • Withdrawal checks issued via Online Banking when made payable to the member and mailed to the member
  • Any transfer for the purpose of repaying an East County Schools loan
  • Transfers among accounts of the same person when made by mail, ATM or in person
  • Debit Card transactions that don’t trigger overdrafts from Savings or Money Market Accounts

What types of transactions are counted toward the 6 (six) transfers permitted each month?

  • ACH transfers from a Savings or Money Market Account to another financial institution or third party for payment by means of a preauthorized or automatic transfer, telephone agreement, or transfer via Online Banking, including services such as PayPal.
  • Online Banking transfers or recurring scheduled transfers from a Savings or Money Market Account to any other East County Schools account
  • Automatic transfers from a Savings Account to cover checks, ACH, or EFT (overdraft protection)
  • Checking Account Debit Card transactions which overdraft from a Savings or Money Market Account when funds in the Checking Account are insufficient.

How can I make a transfer if I have exceeded Reg D?

To make a transfer after Reg D has been exceeded, you can:

  • Transfer the money at an ATM
  • Complete the transaction in person at one of our branches or a shared branch
  • Fax a request to East County Schools at (619) 588-2197

If I have two Savings Accounts am I limited to 6 transactions for each account or 6 in total for both?

Each month you are permitted 6 transfers from each Savings Account.

Do ATM transfers from Savings and Money Market Accounts count toward Reg D?

No, ATM transfers will not count toward Reg D.

Please note that once you reach the maximum 6 (six) transfers in a month from the same account, future transfers from the account will not take place. This could result in insufficient funds or overdraft fees, depending on your account balance.

Financial Education

Financial Foundations

 Could you use an easy explanation of the basics? These short, understandable lessons will help you to make better decisions related to managing your money. Titles include: Checking Accounts, Car Loans, Preventing Overdraft Fees, Credit Cards, Mobile and Online Banking and Why You Should Pay More than the Minimum Balance on your Credit Card.

Financial Foundations Articles

Building Financial Capacity

Adulting can feel overwhelming at times! Select from short but comprehensive modules on Creating a Budget, Credit Scores & Reports, Taxes: the Basics, Healthy Financial Habits, Debt Management, Identity Protection and How to Start Family Conversations about Money.

Building Financial Capacity Articles

Owning a Home

Home Ownership can feel overwhelming. Talk to us any time, but these articles will also educate you about the benefits and costs of all aspects of owning a home. Learn about Buying a Home, Mortgages, Mortgage Relief, Investment Property, Reverse Mortgages and Refinances.

Owning a Home Articles

Investing in Your Future

Are you prepared for college tuition, one of life's emergencies or a comfortable retirement? Explore important financial planning topics like 529 plans, Emergency Savings, Health Savings Accounts, Sustainable Investing, IRA's, Estate Planing, and the FIRE Lifestyle.

Investing in Your Future Modules

Preparing for Retirement Modules

Members LoveECSFCU!

  • Cathy Sprecco with Koala - Australia 2015

    I had a fantastic trip to Switzerland and Austria this past summer with East County Schools FCU and the SD East County Chamber of Commerce. This was my 6th trip with this fun group! The Educator Tour, guided by the infamous Steve Devan, is the perfect way to truly see and experience any country. The train ride through the Alps was a personal favorite and such an amazing experience. Seeing and hearing cows and goats with real bells grazing on the side of the mountains made me want to sing a favorite "Sound of Music" song and look for Heidi or her grandpa around every turn! I really felt immersed in the culture. The extra servings of warm apple strudel helped too!

     I am a single traveler and all worries are put aside on these well-coordinated trips. Almost everything is taken care of for the travelers so I always feel spoiled! The fellow Educator Tour travelers that I have met from other districts and other walks of life have become my life-long friends! These trips are so dear to me that I have a separate savings travel account where I dedicate a small monthly amount to be ready for the next country!

    Come join us!

    Cathy Sprecco - First Grade Teacher in Lakeside Union School District