Effective April 1, 2009, members will be charged $3 for each withdrawal or transfer in excess of six per month on non-transactional accounts, such as Savings and Money Market accounts. This fee is based on Federal Regulation D (RegD).

What is RegD?

Federal Regulation D places a monthly limit on the number of withdrawals or transfers you may make from your Savings Accounts or Money Market Accounts. Withdrawals/transfers affected by this regulation therefore include:

• Automatic transfers from a Savings or Money Market Account to a Checking Account to cover a check, ACH debit or a payment initiated by bill pay
• Transfers from a Savings or Money Market Account to another account through our PhoneBanking, WebBanking™ or Wireless Banking systems
• Transfers or withdrawals to a third party, if made by pre-authorized transfer, automatic transfer or by telephone, including those transmitted through WebBanking, PhoneBanking or Wireless Banking

You are allowed six such withdrawals or transfers per month, per account, but only three of those may be made by check (a check counts against the month in which it clears, not when it was written) or electronic debit.

What transactions are not affected by RegD?

• Transactions made at an ATM or Point-of-Sale location
• Automatic transfers from a Savings or Money Market Account to make loan payments at Allegacy
• Transactions done in person at any of our Financial Center locations and transfers from one account to another at Allegacy, if requested by mail or messenger
• Transactions sent in by mail or Night Drop
• Allegacy WebPay™ transactions (which uses funds from your Checking Account)
• Transactions made at any Shared Service Center location

6 Strategies to help you avoid RegD fees:

1. Do not authorize anyone to make ACH withdrawals from your Savings or Money Market Accounts. Instead, set up the withdrawal from your Checking Account which has unlimited ACH withdrawals.
2. Establish a direct deposit directly to your Checking Account or revise your existing direct deposit to prevent overdraft transfers from your Savings or Money Market Account.
3. Set up an Allegacy Overdraft Line of Credit as your primary overdraft source. Transfers from your Overdraft Line of Credit are not regulated. Transfers from your Savings Account to repay your Overdraft Line of Credit are also not regulated.
4. Balance your Checking Account periodically. This will help limit the number of NSF transfers from your Savings account.
5. Stop by or mail in your funds transfer request. These two types of transfers are not limited by RegD.
6. Plan ahead and make one larger transfer instead of several smaller transfers. Each regulated transfer counts as one transaction, no matter what the size.

If you have additional questions about RegD and how this may affect your Savings or Money Market Account, please contact Members Services at 336.774.3400 / 800.782.4670 or stop by your nearest Allegacy Financial Center.