When it comes to transactions, all accounts are not created equal. There are "transaction accounts," such as share draft checking accounts, that offer unlimited transactions in virtually any form. Then there are "non-transaction accounts" that are intended to foster fewer transactions. Federal law limits the transactions that can be made on share savings and money market accounts, which fall into this category.

What are the limits?
Federal Regulation D states that you may make no more than six (6) automatic or preauthorized transfers from your share savings or money market account per calendar month or statement cycle. (The monthly limit is based on when the transaction is processed, not when the check or item was written or authorized.) If you make a combination of checks/drafts and automatic or preauthorized withdrawals, the total limit is still six.

Transaction Limits by Month	Checking	Savings	Money Market
Deposits
In Person	unlimited	unlimited	unlimited
By Transfer (i.e., direct deposit of payroll or Social Security)	unlimited	unlimited	unlimited
By Mail	unlimited	unlimited	unlimited
Transfers Between Accounts at the USSFCU
In Person (or by messenger)	unlimited	unlimited	unlimited
At an ATM	unlimited	unlimited	unlimited
By Mail	unlimited	unlimited	unlimited
Pre-Authorized or Automatic Withdrawals	unlimited	six	six
By Pre-Authorized Transfer to pay a USSFCU Loan (incl. Visa, Mortgage, or Credit Union fees)	unlimited	unlimited	unlimited
Through the Internet (CU AnyHour)	unlimited	six	six
By Automated Phone System (TeleAction)	unlimited	six	six
By Phone Contact to a Telephone Representative	unlimited	six	six
Transfers to Third Parties
By Check or Share Draft	unlimited	n/a	six
By Debit Card/Check Card	unlimited	six	six
By Automated Phone System (TeleAction)	unlimited	six	six
By Phone Contact to a Telephone Representative	unlimited	six	six
By Pre-Authorized Transfer (ACH) or Automatic Transfer	unlimited	six	n/a
Using Web Bill Pay	unlimited	six	six
By Fax	unlimited	six	six
Withdrawals
In Person	unlimited	unlimited	unlimited
At an ATM	unlimited	unlimited	unlimited
Through the Internet (CU AnyHour) with the check or share draft made payable to the member and mailed to his or her address.	unlimited	unlimited	unlimited
By fax with the check or share draft made payable to the member and mailed to his/her address.	unlimited	unlimited	unlimited
By telephone with the check or share draft made payable to the member and mailed to his/her address	unlimited	unlimited	unlimited

*The Credit Union may require a member to give at least 7 days' notice before funds can be withdrawn - transaction restrictions as imposed by Regulation D.