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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Reg D Charge - Updated First Post
Check this article
I called the Bank - The woman I spoke to was so helpful. She refunded my $35 from the fees taken from my account and told me that the person that set my account up messed up and some of my debits were going to my savings and not my checking account in which it was supposed to be going to.
She changed everything and now I shouldnt have any problem with that Req D fee.
Scott
Message edited 2/6/2007 1:38:49 PM.
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Posted 2/6/07 10:42 AM  |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: Reg D Charge - Need Bank Recommendations
what bank do you have now?
i have WaMu and as far as I know, they don't do this.
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| Posted 2/6/07 10:44 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
If it's a regulation then it's with every bank not just your bank. 
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| Posted 2/6/07 10:44 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Reg D Charge - Need Bank Recommendations
Posted by june262004
If it's a regulation then it's with every bank not just your bank.
I was going to say the same thing!
I got hit, through Chase, a while ago with the same thng and I was told too many transfers in a month. So I just limit my transfers and havent had a problem since.
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| Posted 2/6/07 10:47 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: Reg D Charge - Need Bank Recommendations
Reg D applies to ALL banks for savings accounts. You are only allowed a certain number of transactions (transfers/ACH) per month - normally 10.
It won't matter where you transfer accounts to - you will still be charged.
A savings account should not be used as a checking account.
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| Posted 2/6/07 10:50 AM |
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SoinLove
Making big changes
Member since 5/05 16541 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Posted by june262004
If it's a regulation then it's with every bank not just your bank.
It's true. We use Bank of America and got charged once for making too many transactions. You just have to be careful and make transactions only when you really need to. For example, DH pays the bills on one day of the month. He figures out what the total of all the bills will be and then transfers the money from our savings to our checking account. That way, if we have an emergency or a bill we forgot about, we don't have to worry if we're nearing our transaction limit.
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| Posted 2/6/07 10:52 AM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: Reg D Charge - Need Bank Recommendations
Posted by Lisa
Posted by june262004
If it's a regulation then it's with every bank not just your bank.
I was going to say the same thing!
I got hit, through Chase, a while ago with the same thng and I was told too many transfers in a month. So I just limit my transfers and havent had a problem since.
I had the same issue with chase. Too many transactions or soemthing like that.
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| Posted 2/6/07 10:53 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Reg D Charge - Need Bank Recommendations
when I transfer money online with Citibank I know I only have a certain number of transfers a month- but I have never been charged- they will put up a warning pop up
and I can go to bank or ATM to transfer
I have a few accounts- and try not to keep money in checking- only to transfer for it when I need it
everyone has there own system that works for them- Scott- maybe try citibank?
I even have a 5% e savings account with them
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| Posted 2/6/07 10:55 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Reg D Charge - Need Bank Recommendations
I belong to a teachers credit union, because my mom was a teacher. There is a branch that is 20 minutes away. It is a PITA.
I was thinking about finding a closer bank anyway.
What does Regulation D charge you for?
Transferring from one account to the other.
Using your debit card to purchase items?
Using your debit card to buy stuff online?
Do they charge you for using the ATM?
I use the debit card, so I dont use my credit card.
I dont know why they were taking the money out of my savings, when I dont have the savings hooked up to my debi card.
Makes no sense.
Scott
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| Posted 2/6/07 11:06 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Making online transfers from Savings to Checking.
You can only do it a certain amount a month (Probably 6 w/ TFCU)
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| Posted 2/6/07 11:07 AM |
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SoinLove
Making big changes
Member since 5/05 16541 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I belong to a teachers credit union, because my mom was a teacher. There is a branch that is 20 minutes away. It is a PITA.
I was thinking about finding a closer bank anyway.
What does Regulation D charge you for?
Transferring from one account to the other.
Using your debit card to purchase items?
Using your debit card to buy stuff online?
Do they charge you for using the ATM?
I use the debit card, so I dont use my credit card.
I dont know why they were taking the money out of my savings, when I dont have the savings hooked up to my debi card.
Makes no sense.
Scott
Honestly not sure in regards to the debit card, but they definitely charge for too many transfers from one account to the other.
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| Posted 2/6/07 11:08 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Reg D Charge - Need Bank Recommendations
I also have a credit line attached to my checking account- so if I go over what I have- it just uses the credit
then I transfer it from another account- I find that this works best for me- and it limits me using a real credit card
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| Posted 2/6/07 11:11 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Reg D Charge - Need Bank Recommendations
I dont do that many transfers from one account to another - maybe 1 a month.
On my statement it looked like they were taking the $5 out each time I used the card in a store. I dont even know why it would come out of my savings when my savings isnt hooked up to my debit card
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| Posted 2/6/07 11:18 AM |
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Jagster2000
LIF Adult
Member since 8/06 934 total posts
Name:
Me & My Sis back in the day!~~Jennifer
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Re: Reg D Charge - Need Bank Recommendations
Posted by june262004
Making online transfers from Savings to Checking.
You can only do it a certain amount a month (Probably 6 w/ TFCU)
Yes- The credit union allows 6 transfers per month. After that you will be charged.
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| Posted 2/6/07 11:18 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I belong to a teachers credit union, because my mom was a teacher. There is a branch that is 20 minutes away. It is a PITA.
I was thinking about finding a closer bank anyway.
What does Regulation D charge you for?
Transferring from one account to the other.
Using your debit card to purchase items?
Using your debit card to buy stuff online?
Do they charge you for using the ATM?
I use the debit card, so I dont use my credit card.
I dont know why they were taking the money out of my savings, when I dont have the savings hooked up to my debi card.
Makes no sense.
Scott
Look at your savings account and see if you've made transfers to/from your checking. Also if you've had "checks" run through your savings - such as an ACH (automated) payment, that would count.
The charges are not on your checking account, but for your savings account.
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| Posted 2/6/07 11:20 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I dont do that many transfers from one account to another - maybe 1 a month.
On my statement it looked like they were taking the $5 out each time I used the card in a store. I dont even know why it would come out of my savings when my savings isnt hooked up to my debit card
Is it possible that when there aren't sufficient funds available in your checking, that they take from the savings? I know my account does this.
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| Posted 2/6/07 11:20 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I dont do that many transfers from one account to another - maybe 1 a month.
On my statement it looked like they were taking the $5 out each time I used the card in a store. I dont even know why it would come out of my savings when my savings isnt hooked up to my debit card
Some banks charge 1.00 for you to use the debit card as a DEBIT when you put in your pin. IF you use it as a CREDIT they don't charge are you sure thats not it.
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| Posted 2/6/07 11:21 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Reg D Charge - Need Bank Recommendations
I have enough money in the account so that isnt the issue.
I just counted the transactions on one of my statements.
The fees are taken off my trips to waldbaums, uncle guisseppes, target etc. I dont know why the $5.00 would be taken off those stores, and I did maybe 1 or 2 transfers from savings to checking.
Odd
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| Posted 2/6/07 11:26 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I have enough money in the account so that isnt the issue.
I just counted the transactions on one of my statements.
The fees are taken off my trips to waldbaums, uncle guisseppes, target etc. I dont know why the $5.00 would be taken off those stores, and I did maybe 1 or 2 transfers from savings to checking.
Odd
Did you use your card as a credit or debit there?
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| Posted 2/6/07 11:29 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Reg D Charge - Need Bank Recommendations
tell them you want all your money back or you are taking your business elsewhere
it worked for me with Citibank when they have charged me fees I don't agree with
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| Posted 2/6/07 11:29 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Reg D Charge - Need Bank Recommendations
why dont you just call your bank and ask them what these charges are for.....
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| Posted 2/6/07 11:30 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Reg D Charge - Need Bank Recommendations
I emailed them. I will call them this afternoon.
i used my card as a debit card in the stores. Do you think if I used it as a credit card, they wouldnt charge me?
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| Posted 2/6/07 11:33 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Reg D Charge - Need Bank Recommendations
Posted by danielleandscott
I emailed them. I will call them this afternoon.
i used my card as a debit card in the stores. Do you think if I used it as a credit card, they wouldnt charge me?
It's possible. Some banks charge to use your card as a debit but not as a credit.
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| Posted 2/6/07 11:34 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: Reg D Charge - Need Bank Recommendations
This stinks - now I have to transfer everything to another bank ughhh....
Thanks
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| Posted 2/6/07 11:41 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Reg D Charge - Need Bank Recommendations
I am very happy with WAMU
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| Posted 2/6/07 11:57 AM |
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