Northwest Federal Savings and Money Market Accounts are non-transaction accounts, which means you may make no more than six (6) preauthorized, automatic, telephonic, or audio response transfers or withdrawals by check, debit card or similar order to another account of yours or to a third party during any calendar month*. Please see the tabs below regarding which transactions apply against the limit.
Effective as of April 2018, we no longer monitor for excessive transactions and charging a fee for any transfers over six (6) per month, per non-transaction account. Instead we will not allow transactions over six (6) per month, per non-transaction account.
Transactions from checking accounts like our FREE Choice Checking and dividend-earning Elite Checking do not count towards your Regulation D limit, so they're a great alternative to conducting transactions from your Savings or Money Market account. You may also conduct unlimited transactions at ATMs, Northwest Federal Branches, and Shared Branch locations. Find the one closest to you today!
If you have questions about your how accounts and transactions are affected by Regulation D, please contact the Member Service Center at 703-709-8900.