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Savings Transaction Limitations

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
  • ATM
  • Mail
  • In person

You can verify the number of Regulation D transfers from your Savings Account in Online Banking.

If you have any further questions concerning your monthly Reg D status, contact an Account Specialist at 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard), Option 3. Please make sure to leave us your daytime phone number.
*

A preauthorized transfer includes any arrangement to pay a third party upon written or oral instruction or any arrangement to pay a third party at a predetermined time or on a fixed schedule.

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