Launch FCU Savings Accounts are governed by Federal Regulation D that states the depositor may make no more than six transfers or withdrawals, or a combination of such transfers and withdrawals, per statement period to another account of the depositor at the same institution or to a third party by means the following types of transactions:
- Preauthorized transfer* (ACH debits to pay FPL, Insurance company, etc.)
- Automatic transfer (including overdraft transfers from Savings to Checking)
- Telephone (transfer funds to Checking)
The following Transactions are not limited by Regulation D:
- Transfer to pay a Launch FCU loan
- In person
You can verify the number of Regulation D transfers from your Savings Account in Online Banking.