Regulation D is a federal regulation that limits the number of preauthorized, automatic, electronic or telephone withdrawals or transfers from the following account types to six per month per account. It does not affect any transfers or withdrawals on these account types made in person at a branch or ATM.
- Savings accounts
- Money market accounts
- Certificate accounts
- Individual Retirement Accounts (IRA)
If you do exceed this limit within a month, your transaction may be refused or reversed, and your account may be subject to a fee or closed.