RTN Federal Credit Union
Online Banking and Bill Payer
Notices printable version

Savings Account Withdrawal Regulations

In accordance with federal banking regulations, the Credit Union is responsible for insuring our members comply with the Federal Reserve Bank’s Regulation D. Stated briefly, this regulation limits the number of certain types of withdrawals to prevent consumers from using savings accounts as checking accounts.


Checking Accounts

Each Savings Account

Unlimited deposits
Unlimited deposits

Unlimited withdrawals

Regardless of the manner they are transacted









 

Unlimited withdrawals made by:

·  Visiting a RTN FCU or CU Service Center location in person
·  Visiting an RTN FCU or RTN affiliated ATM machine
·  Automated payment to RTN loans
·  Telephone or facsimile request for a check mailed to home address
Withdrawals limited to six per month via any combination of the following:

·  Online banking transfers
·  Telephone (CU-Tel) banking system transfers
·  Telephone or facsimile transfer request
·  Automated transfer to other RTN FCU accounts
·  Automated payment/withdrawal to non-RTN FCU entities
·  Money market account checks

If you have direct deposits or automated withdrawal payments transacted through your Main Share account, you should consider directing this activity to your checking account to insure you have sufficient funds to meet withdrawals and/or eliminating a potential problem with excess transactions through the Main Share account.  Click here to download the forms to change your direct deposit and/or automatic payment/withdrawal allocations so that you comply with these regulations.

Note:
If your account reaches the allowable six transactions per month, excess transactions will be denied or returned in accordance with the Federal Reserve Bank's Regulation D.

Please refer to the following regarding the terms and conditions on your account:

Credit Card Disclosure

Deposit Account Agreement

Electronic Fund Transfers Disclosure and Agreement

Fee Schedule

Funds Availability Disclosure

Loan Rate Sheet Addendum

Privacy Notice (prints on legal paper)


Truth in Savings Disclosure Statement for Basic Checking

Truth in Savings Disclosure Statement for Dividend Checking

Truth in Savings Disclosure Statement for Checking Plus Account (for existing account holders only)

Truth in Savings Disclosure Statement for Stars & Stripes Checking

Truth in Savings Disclosure Statement for Money Market Account

Truth in Savings Disclosure Statement for Share Certificates (and certificate form)  [fillable certificate form]

Truth in Savings Disclosure Statement for IRA Share Certificates

Truth in Savings Disclosure for Certificate Renewals

Truth in Savings Disclosure for Business Premier Checking

Truth in Savings Disclosure for Business Value Checking

Truth in Savings for MAFCU members as of July 31, 2012 (only)

 
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