Common use of Account Transfer Limitations Clause in Contracts

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal law. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings Accounts 1. A minimum deposit equal to the par value of a share is required to open a Regular Savings Account(s) and become a member of the Credit Union. If the balance of your Regular Savings Account(s) is subsequently reduced to less than the par value and remains so after thirty (30) days, we may close the account(s). 2. If your Regular Savings Account balance is reduced to less than the par value of a share, we may transfer enough funds from any other share account you may have with us in order to bring your account balance up to the par value of a share.

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal law. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings AccountsAccounts‌ 1. A minimum deposit equal to the par value of a share is required to open a Regular Savings Account(s) and become a member of the Credit Union. If the balance of your Regular Savings Account(s) is subsequently reduced to less than the par value and remains so after thirty (30) days, we may close the account(s). 2. If your Regular Savings Account balance is reduced to less than the par value of a share, we may transfer enough funds from any other share account you may have with us in order to bring your account balance up to the par value of a share. 3. The minimum balance required to open this account is $5. You must maintain a minimum daily balance of $100 in your account to obtain the disclosed APY stated on the Account and Term Certificate Rate Schedule. Youth Savings Accounts‌ 1. A minimum deposit of $5 is required to open a Youth Savings Account(s). If the balance of your Youth Savings Account(s) is subsequently reduced to less than $5 and remains so after thirty 30 days, we may close the account(s).

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal lawlimited. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Online Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: : (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings Accounts 1. A minimum deposit equal to the par value of a share is required to open a Regular Savings Account(s) and become a member of the Credit Union. If the balance of your Regular Savings Account(s) is subsequently reduced to less than the par value and remains so after thirty (30) days, we may close the account(s). 2. If your Regular Savings Account balance is reduced to less than the par value of a share, we may transfer enough funds from any other share account you may have with us in order to bring your account balance up to the par value of a share.

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal law. limited.. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Online Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: : (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings Accounts 1. A minimum deposit equal to the par value of a share is required to open a Regular Savings Account(s) and become a member of the Credit Union. If the balance of your Regular Savings Account(s) is subsequently reduced to less than the par value and remains so after thirty (30) days, we may close the account(s). 2. If your Regular Savings Account balance is reduced to less than the par value of a share, we may transfer enough funds from any other share account you may have with us in order to bring your account balance up to the par value of a share.