Quick Transaction Guide

LIMITED TRANSACTIONS:

Up to six (6) preauthorized or electronic transactions permitted per calendar month FROM a non-transaction account.

Non-transaction accounts are:
  • Share Savings
  • Club
  • Premium Money Market

Transactions done using online (PC & mobile) and phone transfers using e-Phone, fax, or by calling our Contact Center from an account type listed above.

This rule applies whether:
  • the funds are being transferred to another account
  • the funds are being sent to a third party via preauthorization, Bill Pay, or wire transfer
  • the funds are automatically transferred from a Share Savings to a Share Draft Checking to cover an overdraft
  • the funds are scheduled transfers set-up in home banking

UNLIMITED TRANSACTIONS:

  • Made in person
  • Made using an ATM
  • Made by a letter request (considered the functional equivalent of being physically present)
  • Made by telephone, fax, PC, or mobile device – if it is an official check payable to the member that is mailed to the member
  • Made by the member to pay a loan the member has with the credit union (including MasterCard)
  • Share Savings Account(s)
  • Club Account(s)
  • Premium Money Market Account(s)

Preauthorized or automatic electronic withdrawals such as phone and utility bills. Also, transactions done using online (PC & mobile) and phone transfers using e-Phone, fax, or by calling our Contact Center. This applies when funds are coming from an account type listed above.

Applies whether:

  • The funds are being transferred to another account.
  • The funds are being sent to a third party via preauthorization, Bill Pay, or wire transfer.
  • The funds are being automatically transferred from a Share Savings to a Share Draft Checking to cover an overdraft.
  • the funds are a scheduled transfer that was set-up by account holder in home banking
  • Transactions from an account type noted above that are completed in-person at an Empower branch or Shared Service Center
  • Transactions made using an ATM
  • Transfers from an account type noted above that are being applied to an Empower loan account or MasterCard
  • Automatic payroll allocations
  • Any Share Draft Checking Account transaction
  • Transactions completed by mail

Once you have reached the six (6) allowable transactions in a calendar month, you will not be allowed to make further transfers/withdrawals from the affected account unless they are made in person at an Empower branch location, Shared Service Center or at an ATM.Transaction attempts from an account type noted above will be declined, unless in-person or at an ATM.

HELPFUL TIPS

  • Have preauthorized payments (such as phone & utility bills) automatically deducted from a Share Draft account, not a Share Savings account.
  • Make one large transfer to your Share Draft Checking to cover anticipated usage, instead of making many small transfers throughout the month.
  • Visit a branch or ATM location to make withdrawals or transfers.
  • Balance your Share Draft Checking to avoid overdraft transfers from your Share Savings account.
  • Apply for an Empower Line of Credit to use as overdraft protection.
  • Open an Empower Share Draft Checking Account. Share Draft accounts are not subject to Reg D restrictions.