Regulation D Suspension Notice

Regulation D Suspension Means Greater Access to Your Money!

The Federal Reserve Bank recently announced the temporary suspension of Regulation D’s restriction on the number of electronic withdrawals (six per month) on savings accounts. The change was made to permit greater electronic access to your savings in light of the COVID-19 Pandemic.

Effective on May 11th, 2020, all Midcoast FCU Share / Savings accounts will align with the suspension of this rule and will temporarily allow unlimited transfers and withdrawals.

If you have any questions about your account in regards to Regulation D, please contact us. For more information related to our COVID-19 preparedness, please visit our COVID-19 Response Center.