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More Disclosures

About SSL Certificates

Disclosures | Savings Transaction Limitations (Reg D)

As a financial institution, Franklin Mint Federal Credit Union (FMFCU) must comply and enforce numerous federal regulations. One of these regulations, known as Regulation D, sets limits on certain types of transactions conducted on savings, clubs and money market accounts. Basically, you are not supposed to use these types of accounts like you do a checking account. These limitations allow you to make no more than six (6) preauthorized (ACH), automatic, telephonic, audio response (PAT), check, or e-banking transfers to another account of yours or to a third party, during any calendar month. If you exceed these limits, your account will be subject to a fee and possible closure as outlined in our Terms and Conditions disclosure.

NOTE: You may make unlimited transfers to pay a loan and have no restrictions for in person, by mail, night drop box or ATM transactions.

View the information below to see which transfers and withdrawals are covered (and therefore counted toward the limit) and which are not covered.

Covered Transfers and Withdrawals

Transfers or withdrawals made to another account if made by:

Preauthorized transfer
Automatic transfer
By telephone

(Including those transmitted from a home computer (Premier Access) and those automated using a touch-tone telephone (PAT)

Transfers or withdrawals to a third party, if made by:

Preauthorized transfer
Automatic transfer
By telephone

(Including those transmitted from a home computer (Premier Access) and those automated using a touch-tone telephone (PAT)

Transfers to a third party, if made by:

Check
Draft
Debit card, or
Similar order and payable to third parties

(Including those transmitted from a home computer (Premier Access) and those automated using a touch-tone telephone (PAT)

Non-Covered Transfers and Withdrawals

Automatic payment transfers for the purpose of repaying loans

Transfers from one account to another if made by:

Mail
Messenger
ATM
In person

Withdrawals to you from the account if made by:

Mail
Messenger
ATM
In person

Withdrawals made by telephone via check mailed to the depositor. Transfers into the account.