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  • Bank
    • Checking
      • FREE Checking
      • Free Young Adult Checking
      • Fresh Checking
      • Club Accounts
      • Spend & Save Program
        • Spend & Save Terms & Conditions
      • Check/Debit Card
      • Lost or Stolen Debit/Credit Cards
      • Switch Kit
      • Order Checks
      • Direct Deposit
      • Overdraft Protection Services
      • eStatements & eAlerts
      • Understanding ATM Fees
    • Savings
      • Share Savings
      • Holiday Savings
      • Special Savings
      • Youth Accounts
      • Member Rewards
      • Understanding ATM Fees
      • Understanding Regulation D
      • Deposit Insurance
    • Money Market Accounts
    • Companion Money Market Account
    • Certificates
      • Share Certificates
      • Right Start Share Certificates
    • Health Savings Account (HSA)
      • FAQs
    • Special Accounts
      • Estate Account
      • Power of Attorney (POA)
      • Representative Payee/FBO Account
      • Trust Account
    • Printable Forms
    • Account Disclosures
    • Privacy Policy
    • Financial Calculators
    • Fraud Protection
      • Fraud Alerts
      • Security Statement
    • Education and Housing Counseling
  • Borrow
    • Credit Cards
      • Lost or Stolen Debit/Credit Cards
      • Visa® Restrictions & Travel Alerts
      • Visa® Checkout
      • Cardholder Printable Forms
    • Mortgages
      • Mortgage Information
    • Home Equity
      • Fixed Rate Second Mortgage
      • Home Equity Line of Credit
      • Interest Only Home Equity Line of Credit
    • Vehicle Loans
      • New Car Loans
      • Used Car Loans
      • Auto Loan Refinance
      • Motorcycle Loans
      • Boat Loans
      • Auto Rate Discounts
      • Vehicle Insurance (Auto & Homeowners)
      • Auto Loan Payment Calculator
      • Auto Buying Toolkit
      • Skip-A-Payment
    • Personal Loans
      • Lifestyle Loan
      • Cash-In-A-Flash Loan
      • Skip-A-Payment
    • Microlending
    • Student Loans
      • College Resource Center
    • Debt Protection
    • Guaranteed Asset Protection Plus
    • Mechanical Repair Coverage
    • Loan Printable Forms
      • Direct Payment Form
      • Loan Due Date Change Form
      • Skip-A-Payment
  • Invest
    • EasyVest
    • Certificates
    • GLCU's Financial Advising Center
    • Individual Retirement Accounts (IRAs)
      • IRA Savings
      • IRA Money Market Accounts
      • IRA Share Certificates
      • Catch Up Contributions
  • Business Services
    • Business Services
    • Business Checking
    • Business Savings Account
    • Visa Business Credit Cards
  • Insurance
    • Auto & Homeowners Insurance
    • Life Insurance
    • Accidental Death & Dismemberment Insurance
    • Health Insurance
    • Deposit Insurance
  • 24/7 Access
    • Online Banking
      • Bill Pay
      • eStatements & eAlerts
      • Visa® Restrictions & Travel Alerts
      • Your Credit Score
      • Money Manager
    • Mobile Banking
      • Mobile Bill Pay
        • Online Mobile Agreement
    • Shared Branching
    • Branch & ATM Locations
      • Holiday Hours
      • Understanding ATM Fees
    • Touch Tone Teller
  • About Us
    • Contact Us
    • Careers
    • GLCU History
    • Board of Directors and Executive Leadership Team
    • Member Rewards
    • GLCU Scholarships
    • Blog
    • Newsroom
    • Disclosures
    • Getting Involved
      • Toys for Tots
      • Mad City Money
    • Contest & Raffle Rules
    • Security
  • Rates and Fees
    • Deposit Rates
    • Consumer Loan Rates
    • Home Equity Rates
    • Fee Schedule
    • Business Fee Schedule
    • Mortgage Rates

Visit a Branch

Chat Now

Schedule an Appointment

Open an Account

Apply for a Loan

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Student Loans

Great Lakes Credit Union has everything you need to help manage your money and plan for the future.

Learn More about Student Loans

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Routing #271984832 | NMLS #528665

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Student Loans

Great Lakes Credit Union has everything you need to help manage your money and plan for the future.

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HomeBankSavingsUnderstanding Regulation D

Understanding Regulation D

The Federal Reserve announced that it will allow Financial Institutions the ability to waive the limit of six transfers and withdrawals from non-transactional accounts. As of 4/28/20, GLCU has removed the limit on Savings and Special Savings accounts only. This means that members will no longer be restricted to the Federal Regulation D limit of six transfers per calendar month when drafting or making transfers online.

Please note that some accounts are still limited under Regulation D's six transfers per month and these include: Money Market, Companion Money Market, Business Savings, and Business Special Savings.

Which transactions are limited under Regulation D?

  • Online transfers between accounts (from different or same institutions)
  • Automatic transfers (such as bill pay or recurring transactions)
  • SafetyNet transfers from a savings to your checking account
  • Transfers made by check or through a debit card
  • Transfers made over the phone to our Member Contact Center

What can I do to avoid Regulation D limits?

  • Plan your budget and transactions in order to make one or two large withdrawals or transfers per month
  • Consider opening or utilizing your checking account to pay regular bills
  • Choose transactions that are not limited by the law (for example, ATM or in-person/drive-thru withdrawals)
  • Use Online and Mobile Banking to keep track of your balances and monthly withdrawals

 

 

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P.O. Box 1289, Bannockburn, IL 60015 © 2022 Great Lakes Credit Union. All Rights Reserved.

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