Share Accounts: A Share Account is simply a savings account. Atlantic Regional provides members with an easy way to save for whatever purpose they may need, while providing competitive dividend rates.

• A deposit of $25.00 is required to open a Share Account
• A balance of $25.00 or more will earn monthly dividends
• No monthly service fees
• Payroll deduction is available for easy, automatic savings
• Offering competitive dividend rate 
• Your savings are insured to at least $500,000 per member

To learn more about Savings Accounts >>> Click Here

Share Draft Accounts: A Share Draft account is simply a checking account. 

• No minimum balance 
• No monthly service fees
• Automatic loan payments direct from your account (optional)

To learn more about Checking Accounts >>> Click Here

REGULATION D: What You Need To Know?

Regulation D (Reg. D) is a government regulation which, among other things, defines transaction accounts and non-transaction accounts. Transactional accounts, such as checking (share draft) accounts, are allowed an unlimited number of transactions. Reg. D places limitations on non-transaction accounts such as share (savings) accounts and money market accounts. Atlantic Regional Federal Credit Union has defined share accounts and money market acounts as non-transactional.

The section of Reg. D causing the most confusion is the statement that a member is limited to six pre-authorized or automatic withdrawals, telephone transfers, or transfers initiated by personal computer per month on non-transaction accounts. The regulation also states no more than three of the six can be by draft payable to a third party.

Transactions counted against Reg. D limits

-        Transfers from share account using CU-Online®

-        Point-of-Sale transaction from share account using VISA® debit card

-        Transfers from share account made by calling an MSR

-        Pre-authorized or automatic transfers or withdrawals

Transactions from share draft (checking) accounts that count against Reg. D limits: 1) a check which overdraws your share draft account causing us to use overdraft protection transfers from your share account or 2) A VISA® debit card transaction which overdraws your share draft account causing us to use overdraft protection transfers from your share account

Transactions not counted against Reg. D limits

-        Transaction requested by mail

-        Transaction at an ATM machine

-        Transaction at any of our branch offices

-        Any deposit at any time

-        Any transfer to a loan at any of our branch offices

An easy way to remember: A Reg. D transaction is a withdrawal from a savings account that you could complete at home or initiated via pre-authorization for automatic withdrawals.

You can check at any time how many Regulation D transactions you have had during the current month by contacting a Member Service Representative at *memberservices@atlanticregional.com.

*Electronic mail is not secure, and confidential or personal information should not be communicated in this manner.