GRB is required to follow the Federal Reserve’s Regulation D which limits certain “covered transactions” to six (6) per monthly cycle. If you exceed this limitation you will be charged $5.00 per transaction over 6. If a pattern of excessive withdrawals is established we may be required to close your account. If you have questions or would like additional information please call or stop by one of our branches.
|COVERED Transactions and Withdrawals||NON-COVERED Transactions and Withdrawals|
|Transfers or withdrawals made to another account of the same depositor at the same bank, if made via:||Transfers for the purpose of repaying loans and associated expenses at the same bank.|
|Transfers or withdrawals to a third party (or to an account of the customer at another bank), if made via:||Transfers from one account of the depositor to another account of the same depositor, if made via:
|Transfers to a third party (or to an account of the customer at another bank), if made via:||Withdrawals from the account (considered payments made directly to the depositor), if made via:
|Withdrawals made by telephone via check mailed to the depositor|
|Transfers into the account|