Using cell phone t make a banking transaction

Six-Transaction Limit Suspended

April 18, 2020

Tagged as: Banking Basics
We are pleased to announce that we have suspended the monthly limit on the number of withdrawals you can make from your savings or money market accounts. For the time being, you can now make unlimited transfers and withdrawals.

This change is a result of the Federal Reserve Board removing the six-transaction Regulation D (Reg D) requirement.

Please note that the Fed’s rule does not require banks and credit unions to comply. You will want to verify with your other banks and credit unions as to whether or not they plan to suspend the six-transaction limit. 1st United is happy to honor the suspension. We know that, at this time, having easy access to your funds is more critical than ever.

If you have any questions, please let us know.
Team 1st United at our Hayward branch


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