Account Transaction Limitations Sample Clauses

Account Transaction Limitations. For Regular Share Savings, Special Share Savings, IRA Plus and Money Market accounts, no more than six (6) electronic payment transactions are allowed each calendar month. Transfers through phone and online banking systems, electronic debit transactions, transactions by personal check, and electronic overdraft payments are limited to six (6) per calendar month, after which transactions will not be completed and may be returned unpaid. Checking accounts are not subject to transaction limitations.

Account Transaction Limitations. A. Withdrawal Restrictions. The Credit Union is only required to permit a withdrawal if you have sufficient available funds in your account to cover the full amount of the withdrawal or have an established overdraft protection plan as described herein. Checks or other transfer of payment orders that are drawn against insufficient available funds will be subject to a service charge as set forth in our Fee Schedule. If there are sufficient available funds to cover some, but not all of your withdrawal orders, we may pay those withdrawals for which there are sufficient available funds in any order at the Credit Union's discretion. B. Dispute Among Account Owners. In the event of either written notice of the existence of a dispute between the owners, beneficiaries, or other persons concerning their respective rights of ownership to the funds contained in, or proposed to be withdrawn, or previously withdrawn, from any account(s), or the Credit Union's uncertainty as to who is entitled to the funds in any account(s), the Credit Union reserves the right to place an administrative hold on the funds in the account(s), notify all owners, beneficiaries, and/or all other persons claiming an interest in the account(s), of either the dispute or the Credit Union's uncertainty as to who is entitled to the funds and will not release the funds to any owner(s), beneficiary(s) or other persons claiming an interest in funds in the account, until the Credit Union receives either: a request for payment in writing agreed to by all Owner(s), beneficiary(s), or all other persons claiming an interest in funds held in an account(s), or the payment is authorized or directed by a court of proper jurisdiction. The Credit Union, at its discretion, reserves the right to require Members to give notice in writing of any intended withdrawals from any account (except checking) of not less than seven (7) days and up to sixty (60) days before such withdrawal.

Account Transaction Limitations. For all types of savings accounts, that are eligible for preauthorized, automatic, telephonic, electronic or audio response transfers, you may make up to six such transfers to an account at another financial institution or to a third party during any calendar month. If you reach these limitations within a calendar month, additional transactions as listed above will not be able to be completed and may be returned unpaid. For Checking accounts, no transaction limitations apply; however, Overdraft Protection transfers may be returned if you have reached your monthly limit. (See Section 8, Overdrafts, of the Membership and Account Agreement for more information.)

Account Transaction Limitations. For all types of savings accounts, that are eligible for preauthorized, automatic, telephonic, electronic or audio response transfers, there is no limit to transfers to an account at another financial institution or to a third party during any calendar month. For Checking accounts, no transaction limitations apply; however, Overdraft Protection transfers may be returned if you have reached your monthly limit. (See Section 8, Overdrafts, of the Membership and Account Agreement for more information.)

Account Transaction Limitations