As a financial institution, Pen Air Federal Credit Union must comply with and enforce numerous federal regulations. One of these regulations, known as Regulation D, limits you to no more than six (6) withdrawals or transfers from each share savings, money market and Round-It accounts during the calendar month. 

Restricted Transactions

(total of 6 per month)

 

UnRestricted Transactions

(unlimited)

Transfers and withdrawals to another account of the same member at the same credit union or to a third party by means of:

  • Preauthorized or Automatic Transfer
  • Telephone or Fax
  • Flex-Tone
  • Home or Online Banking
  • Check, draft, debit card or similar order payablet to third parties
 

Transfers into the account

Transfers to repay the member's loans and associated expenses at the credit union

Transfers to another account of the same member at the same credit union or withdrawals given directly to the member when made:

  • By mail or messenger
  • At an ATM
  • In person
  • By telephone, if the transaction results in a check mailed to the depositor

 

 

 

 

 

 

 

 

 

 

 

 

 

Exceeding (6) six restricted transactions per month could result in an excessive Regulation D fee.   A complete list of fees can be found here.