• Sitemap
    ( Press S )
  • Accessibility Statement
    ( Press A )

Need help?

(800) 982-7850 »

Secure Email »

Great Lakes Credit Union
  • Open
    Account
  • Apply
    Loan/VISA
  • Rates
    and Fees
  • Locate
    Branches/ATMs
  • Login
  • Pay Loan
  • Routing #: 271984832
  • Call: (800) 982-7850
  • Bank
    • Checking
    • Savings
    • Money Market Account
    • Certificates
    • Special Accounts
    • Health Savings Account (HSA)
    • Business Accounts
    • Personal Financial Calculators
    • Fraud Protection
    • GreenPath Financial Wellness
    • Education and Housing Counseling
    • Printable Forms
    • Account Disclosures
  • Borrow
    • Credit Cards
    • Mortgages
    • Home Equity
    • Vehicle Loans
    • Lending Financial Calculators
    • Personal Loans
    • Student Loans
    • Debt Protection
    • Your Credit Score
    • Loan Printable Forms
  • Investment
    • GLCU's Financial Advising Center
    • Individual Retirement Accounts (IRAs)
  • Insurance
    • Auto & Homeowners Insurance
    • Life Insurance
    • Accidental Death & Dismemberment Insurance
    • Health Insurance
    • Deposit Insurance
    • Guaranteed Asset Protection Plus
    • Mechanical Repair Coverage
  • 24/7 Access
    • Online Banking
    • Mobile Banking
    • Shared Branching
    • Branch & ATM Locations
    • Touch Tone Teller
    • Lost or Stolen Debit Cards
  • About Us
    • Contact Us
    • Careers
    • GLCU History
    • Board of Directors and Executive Leadership Team
    • Member Promise
    • Member Rewards
    • GLCU Scholarships
    • News You Can Use
    • Disclosures
    • Getting Involved
    • Contest & Raffle Rules
    • Security

Great Lakes Credit Union

Login
  • Routing #: 271984832
  • Call: (800) 982-7850
  • Open Account
  • Apply Loan/VISA
  • Pay Your Loan
  • Home
  • Bank
  • Borrow
  • Investment
  • Insurance
  • 24/7 Access
  • About Us
  • Branch & ATM Locations
  • Rates and Fees
Close Search Menu
icon of a Search
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 Reg 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 Reg 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 Reg 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

 

 

(800) 982-7850

P.O. Box 1289, Bannockburn, IL 60015

© 2021 Great Lakes Credit Union. All Rights Reserved.

  • Contact Us
  • Careers
  • Privacy Policy
  • Sitemap
  • Accessibility Statement
  • Security
  • California Consumer Privacy Act

Social Navigation"

FacebookYoutubeLinkedinInstagram

Download our mobile app!

Download it on the App Store.Get it on Google Play.

Routing #271984832
NMLS #528665

CO-OP Shared BranchCO-OP ATMFederally insured by NCUAEqual Housing Opportunity