Temporary Amendment to Regulation D
Effective immediately, the Federal Reserve Board implemented an interim final rule allowing financial institutions to suspend enforcement of the Regulation D six transfer limit. As a result, HRCU members are now able to make an unlimited number of electronic transfers and withdrawals from their savings account at a time when financial events associated with the Coronavirus pandemic have made such access more urgent.
The Board’s Federal Register Notices
- Regulation D: Reserve Requirements of Depository Institutions
- Agency Information Collection Activities: Announcement of Temporary Approval by the Board Under Delegated Authority and Submission to OMB
HRCU encourages members to use our Mobile App and Online Account Access to conduct transactions and make transfers – options now more convenient than ever before! Learn more about Out-Reach 24/7 and how to download our Mobile App.