Have you ever tried to make an electronic withdrawal or transfer* from your savings account and been denied?

You may not be aware, but by federal regulation (Regulation D), you are limited to a maximum of six electronic withdrawals and transfers* from a savings account during any calendar month. (These restrictions do not apply to checking accounts.)

*Defined as a telephone, ACH, bill payment, or home banking-initiated transaction. ATM, direct teller transactions, and account transfers to pay your SEFCU loans are not limited under Regulation D.