- Regulation D (Reg D)
A federal rule called Regulation D (Reg D) puts a limit of six (6) transactions per calendar month on certain transfers and withdrawals from some savings or money market accounts. Reg D is the federal government’s effort to ensure that financial institutions have the proper amount of reserves on hand and to encourage people to use savings accounts as they are intended (to save money).
Non-Transactions accounts subject to Reg D limits are:
The following type of transactions are subject to Reg D limits:
The following withdrawals or transfers are NOT subject to Reg D limits:
Once you have reached the six (6) allowable transactions in a calendar month, all other transaction attempts will be declined unless they are made in person at a Hughes branch location, a CO-OP shared branch, or at an ATM (surcharge may apply).