Regulation D Limit Changes

On Friday, April 24, 2020, the Federal Reserve suspended the limit of six (6) monthly transfers and withdrawals for savings accounts.

We recommend that you review and change (as necessary) the following settings;

• Back Office > Standard > Parameters > Control-Master: Set Reg D - Number of Transfers Allowed to 99 to allow more than 6 transfers per month.
• Back Office > Standard> Parameters > Control-Master: Set Reg D – Violation Fee to 0 (zero) to stop charging the Reg-D fee.

If you have enabled Reg-D warning on Internet Banking, IB-ii, and/or the mobile app, please notify CBS Support using the CTT to change the applicable setting.