AFCU              Regulation D FAQs                              Effective 12/01/2013

 What is Regulation D?

Federal Regulation D places a MONTHLY limit on the number of transfers you make from your Savings Account or Money Market Accounts (MMAs) without your physical presence being required.  Transfers affected by this regulation therefore include:

  • Transfers made using Online Banking
  • Transfers made using Telephone Banking or over the phone transfers
  • Overdraft transfers (made automatically to prevent Insufficient funds)
  • Pre-authorized, automatic, scheduled or recurring transfers

You are allowed six (6) such transactions, per month, per account

  • What transactions are not affected by Regulation D?
    • ATM transactions
    • Transfers made to AFCU loans
    • Transactions done in person
    • Transactions sent in by mail
    • AFCU Bill Pay (which uses funds from your checking account)


  • If an account used for Overdraft Protection has reached its Regulation D limit, will overdraft requests be honored?

No, if the Overdraft Protection account is a Savings Account or MMA. In a month, if after the Sixth (6th) overdraft attempts to clear an itemthat item will be automatically returned as an Insufficient Funds item & you will incur an Insufficient Funds fee of $25.00 for every overdraft attempted beyond your monthly limit & you will receive a notification by mail.

  • What are my options once an account has reached its Regulation D limit?

You may complete withdrawals and transfers in person or by mail.

  • I have authorized a merchant to withdraw payments from my Savings Account or MMA-do these count against my monthly limit?

Yes.  These payments (which you might know as “ACH” or “EFT” transactions) following RegulationD limits.  Any withdrawals attempted beyond your monthly limit will not be  honored, you will be charged a $25.00 Insufficient funds fee & you will receive a notification by mail.

  • How do I avoid these situations?

Make an automatic payment using something other than a Savings Account or MMA, such as a Checking Account.  Contact the merchant to arrange this change, & be aware that your request could take more than a month to go into effect.  Alternatively, consider using AFCU Bill Pay to automatically send payments, rather that authorizing the merchant to automatically withdraw payments.

  •  When will these changes take effect?

These Regulation D requirements will take effect with your AFCU accounts effective December 1, 2013.If you have any questions regarding this information, please contact our office at 508-995-9100.

UPDATE Effective 10/19/2020

Attention Members:

Effective Monday, June 22, 2020 the credit union opened our lobby with the following restrictions & are subject to change should the need arise:

  • Only 2 members will be permitted in the credit union lobby at a time

  • 6 foot social distancing rules and guidelines must be followed

  • Masks MUST be worn by everyone entering the lobby

  • Our Coin Machine is in service but we are kindly asking to limit to 1 member running coin at the machine-as there is a 2 member limit in the lobby

  • Anyone interested in opening a new account(s) or apply for a new loan MUST make an appointment.  These services will be by Appointment Only-No Exceptions!  Please call 508-995-9100 for more information

  • Our Online Banking & ATM is available to you 24/7.  If you are not an Online Banking member or do not have an ATM card, you can contact our office at 508-995-9100 for more details

  • Anyone who does not abide by the rules & regulations set forth by the governor and the Credit Union regarding the safety of our staff & members will be asked to leave the building & conduct business at the drive thru

  • If you have any questions, please contact our office at 508-995-9100