FAQ: Savings > TrueSaver

• Can I transfer funds between Wright-Patt Credit Union and other financial institutions?

  You may arrange to have funds sent from another financial institution to your personal account at Wright-Patt, or we can send funds to your account at another financial institution. Business accounts are not eligible for this type of transaction.

  Exclusions include:

  • Credit Card Payments (contact the credit card company directly to arrange the transaction)
  • Mortgage Payments (contact Mortgage company to arrange the transaction)
  • Utility Payments (contact Utility company to arrange the transaction) 

  To set up a transfer, the following is required:

  • Your name must be on both the receiving and sending accounts
  • You must have the exact account number in ACH format for the other financial institution.
  • You must have the exact Routing number for the other financial institution (not the same as a wire number)
  • You must specify the type of account at the other financial institution: savings, checking, or loan

  Transfers normally take 2 business days.

  NOTE: If you are unable to visit a Member Center, please call our Member Help Center at (800) 762-0047 or (937) 912-7000. If your request cannot be processed by phone, we will mail the paperwork to you.

• Are my deposits insured?

  Yes – your deposits at Wright-Patt Credit Union are federally insured up to a total of $250,000 per ownership interest by the National Credit Union Association (NCUA).

• What are Regulation “D” Account Limitations?

  Federal Regulation "D" for depository institutions limits the number of certain withdrawals and transfers made from specific types of deposit accounts. As a result, certain transfers from TrueSaver, Secondary Share, and Personal Capital Money Market Accounts will be limited to 6 transactions per month, effective February 1, 2000.

  If you exceed the federally-mandated limits, some transactions you expect to occur will not be processed, and some payments from your account may not be made. This includes any home banking transfers, or overdraft advantage.

  The following transactions or combination of transactions are limited to 6 or fewer each month:

  • Automatic payments made via the ACH system (also known as pre-authorized electronic funds transfers) from Secondary Share, TrueSaver, or Personal Capital Money Market Accounts.
  • Transfers to your other deposit accounts within Wright-Patt Credit Union.
  • Transfers from Secondary Share or TrueSaver and Personal Capital Money Market Accounts made by telephone, including Call-24 transfers and fax requests.
  • Transfers made from Secondary Share or TrueSaver and Personal Capital Money Market Accounts made via Internet Home Banking.
  • Transfers from Secondary Share or TrueSaver accounts to a checking account to cover NSF checks.

  You are allowed an unlimited number of the following types of transactions from a Secondary Share, TrueSaver, or Personal Capital Money Market Accounts under Regulation D:

  • ATM transactions
  • In-person transactions
  • By-mail transactions

  Transfers to any of your loan accounts at the Credit Union.