Changes in Regulation D

The following notice was mailed to existing savings and money market account customers.  Please contact our Customer Care Team with any questions you may have.

To Our Valued Customer,

We are writing to inform you changes have recently been made to Regulation D.  In the past, Regulation D limited the number of certain transfers and withdrawals from a savings or money market account.  This included transfers to another one of your accounts or payments to a third party by means of preauthorized or automatic transfer, online or mobile banking transfer, check, draft, ATM/debit card, or similar electronic method (”Covered Transactions”).As a result of the recent regulatory changes, the following applies as of June 1, 2020:

Savings Accounts
Covered transactions and transfers are now unlimited and no fees or penalites will be incurred for excessive use.

Money Market Accounts
Covered transactions and transfers will continue to be limited to six (6) per month and any transaction(s) exceeding this limit will continue to be assessed the $20.00 excess transaction fee.

With either account type, previously, if you exceeded six (6) covered transactions or transfers in a month, for two (2) consecutive months or three (3) months in a rolling twelve (12) month period, MVB was required to convert your account to a transactional account.  This is no longer the case and your product type will not change with excess use.

If you have any questions, please contact our Customer Care Team at 1.844.533.9211 or

Middletown Valley Bank

Customer Care Team

(844) 533-9211
Monday – Friday 8:00 am – 5:00 pm
Saturday 9:00 am – 12:00 pm

24-Hour Telephone Banking

(855) 371-3040

Lost or Stolen Visa Debit Card

(888) 297-3416

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