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Frequently Asked Question

Is the number of transfers I make limited?

Category:  All  ›  Dort Online Banking  ›  Transferring Funds
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Answer

Yes, but only on your share/savings accounts. Federal Regulation D restricts the number of electronic transfers that can be made out of a savings account to six per calendar month. Electronic transfers include transfers made using Dort Online and Dort by Phone, transfers made out savings to cover an overdraft, and electronic payments/transfers set up with outside companies. Once you have made six electronic transfers out of a savings account in a calendar month, the only way you can make a transfer is to do it in person at one of our offices or at an ATM. This transfer limit does not apply to transfers made into a savings account or transfers made into and out of a share draft/checking account.

Last Update: Mar 10, 2010
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