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WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“The Credit Union has something for everyone, from someone who is financially savvy to a person who just needs basic services.”


– Amy C.
Member Since 2010

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Regulation D
Regulation D

Limitations on Funds Transfers from Savings Accounts, or Federal Regulation D limits the number of electronic transactions on Summer Saver and Liquid Advantage Money Market shares. A combined maximum of six transfers per month may be made from these shares by the following methods:  

  • Online Banking transfers
  • Mobile Banking transfer
  • Overdraft Protection transfer
  • Telephone transfer
  • Preauthorized transfer
  • Transactions requested by fax
  • ACH debit
  • Money Market Check

Online transfers are transfers from Summer Saver or Money Market shares to other SchoolsFirst FCU shares initiated through our Online Banking system. Telephone transfers are transfers initiated by a personal telephone call or by using TellerPhone. Mobile Banking transfers are transfers initiated through the Mobile Banking App or Mobile Website. Preauthorized transfers are transfers made according to a specific agreement between a Member and us or another party. Examples of preauthorized transfers are automatic overdraft transfers from Money Market shares to other SchoolsFirst FCU shares, or regular electronic payments from Money Market shares made to a third party, such as health clubs, insurance companies, etc. "Check access" or "Money Market checks" refers to any checks you write on your Liquid Advantage Money Market share account.

 

You may make an unlimited number of transfers or withdrawals through the following methods:

 

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RELATED CONTENT
RELATED CONTENT
Apply for a Loan •  Apply for a Loan
 
 
Apply For a Home Loan •  Apply for a Home Loan
 
 
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Statement of Fees •  Statement of Fees
 
 
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