What is Federal Regulation D?
Federal Regulation D (Reg D) establishes the monetary reserve amount financial institutions are required to maintain. All deposit or share accounts are categorized as transactional or non-transactional, and reserve requirements differ accordingly.
Reg D also restricts non-transactional accounts to prevent their being used as transactional accounts. Financial institutions are required to enforce these restrictions, to include closing an account that repeatedly exceeds these limits. Alaska USA has opted to enforce these limits by not allowing members to exceed the limit of restricted transfers or withdrawals.
Savings and money market accounts are non-transactional acounts subject to the following restriction:
This limit includes transfers made through UltraBranch or initiated by calling the member service center, or by overdraft protection.
In-person transactions at a branch or ATM are exempt from these restrictions.
There are several things you can do to avoid the transfer restrictions of this regulation: