Account Guidelines

Regulation D

The Summit is required to follow the Federal Reserve's Regulation D which mandates the frequency of monthly transfers and/or withdrawals from non-transaction accounts (specifically Savings, Money Market and MoneyMax accounts). Per this regulation, the number of pre-authorized, automatic or other transfers is limited to 6 per month. These transactions include: pre-authorized or automatic withdrawals, telephone transfers, transfers via Summit Online Access to another account or a third party, or overdrafts from Primary Savings. Also, the number of check withdrawals made from a savings account is limited to 6 per month. Please note that this limitation does not apply to:

  • Credits to an account,
  • Automatic Transfers to make Summit loan payments,
  • Transactions or withdrawals made in person, through an ATM, conducted by mail, through Payroll Deduction, or by phone (when a check is mailed to the member).

In the future, please consider these restrictions when making transfers and/or withdrawals from your account(s).

If you feel this limitation will be an issue, please consider starting Direct Deposit into your Summit checking account or open our convenient line of credit. There is no limit to the number of transfers and/or withdrawals you can make with your Summit checking and Direct Deposit provides additional convenience and flexibility.

If you have questions or would like assistance in changing pre-authorized withdrawals or automatic transfers, please feel free to call our Member Service Center at (585) 453-7030 or (800) 836-SFCU extension 7030 or stop by one of our branches.


Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency

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Summit Online Access Enrollment

Enrolling in Online Access is easy - here's how:

If you don't have an Online Access PIN or need assistance, please call (585) 453-7030 or (800) 836-7328.