What is a Reg D Transaction?

KSCFCU Share Accounts are governed by Regulation D. During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a pre authorized, automatic, or computer transfer or telephonic order of instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party.

The following list of transactions in each occurrence would count as a Regulation D transaction:

1. A transfer request from Share to Draft.
2. Overdraft transfers.
3. ACH debits from Share (savings). Example: FPL, Insurance, etc.

If you have any further questions concerning your monthly Reg D status, contact an Account Specialist at (321)455-9400 Option 3. Please make sure to leave us your daytime phone number.