Reg D - East County Schools Federal Credit Union
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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.

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Members LoveECSFCU!

  • Grant Nelson 2019

    When I became an ECSFCU member, I immediately refinanced my house and got better rates for two cars. East County School employees who are just starting out, this is the best place to be! ECSFCU can help you secure your financial life.

    Grant Nelson - 8th Grade History Teacher in La Mesa Spring Valley Schools
  • Grant Nelson 2019

    While overseas I found myself in the frightening situation of being out of cash and with two debit cards from other financial institutions that weren’t working, despite my travel notice pre-planning. ECSFCU’s amazing member services team stayed late on a Friday to approve and immediately fund a quick loan that made the rest of our trip wonderful. Nobody else does that! Not only is it something that I will never forget, but it’s something I want to tell everyone about.

    Grant Nelson - 8th Grade History Teacher, La Mesa Spring Valley Schools
  • Marcel Becker testimonial
    What mattered to me, was that I needed the money to buy a motorhome, and I needed it now. This is the fastest I've ever experienced for a loan. It's never been this easy or this pleasant and I could tell that this was simply the way ECSFCU serves all of their members; it's their culture. I wasn't a member when I started, but I am now.
    Marcel Becker - General Manager, Trident Maritime Systems and Career Technical Education and Ethics in Business partner with GUHSD
  • Todd Linke IMG_4888 no wording cropped
    After financing a newly purchased truck with ECS, Todd wrote: Thank you for your efficient and friendly service! I always appreciate the "small bank" customer service, but the "big bank" options!
    Todd Linke, Mount Miguel HS Science Department
  • Karl Danielson 2018
    I've bought three cars through the credit union. They make it very easy, very simple, and you can't beat the interest rate. I highly endorse them, their friendly staff, and the service that East County Schools gives its members!
    Karl Danielson Granite Hills HS Television, Film and Digital Media Teacher
  • ECSFCU is big enough to approve loans with great rates and small enough to provide personal service and products that are important to the educational community.
    Randy Montesanto Grossmont Union High School District
  • We bank with East County Schools Federal Credit Union and learned they also have a great car buying service! We decided to look into it and ended up with the best customer service, an amazing price, no hassle of going to the dealership, and a brand new 2017 Honda Accord Sport! A year later, we were in need of another car for our growing family. It was an easy decision to go with the credit union and New Cars Inc again. The process and customer service didn’t disappoint once again, and we love our new 2018 Honda CRV! A big thank you to New Cars Inc and ECSFCU!
    Carly and Luke Esquerra