Common use of Account Transfer Limitations Clause in Contracts

Account Transfer Limitations. On all savings, share, or mon- ey market accounts (all non-transaction accounts), we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response, or internet transfers to another of your accounts or to the account of any other person or organization during each calendar month. Only three (3) of these six (6) transfers can be made by check or debit card purchase to another person or or- ganization. Your limit of six (6) preauthorized transfers includes those transactions where you order us to pay a person or organi- zation from your account including Automated Clearing House (ACH) transactions. 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 calendar month, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Rate and Fee disclosures. Transactions that are not covered by these limitations include (1) transfers from your account to pay a loan with us, and (2) transfers to your other accounts with us or withdrawals by check mailed directly to you, if the transfer or withdrawal is conducted in person, by mail or at an automated teller machine.

Account Transfer Limitations. On all savings, share, or mon- ey money market accounts ac- counts (all non-transaction accounts), we will allow you to make up to six (6) preauthorizedpreautho- rized, automatic, telephonic, audio response, or internet transfers to another of your accounts or to the account of any other person or organization during each calendar month. Only three (3) of these six (6) transfers can be made by check or debit card purchase to another person or or- ganizationorganization. Your limit of six (6) preauthorized transfers trans- fers includes those transactions where you order us to pay a person or organi- zation organization from your account including Automated Clearing House (ACH) transactions. The date we use to determine the number of transactions is the date a transaction is posted to your account, account rather than the date you initiate the transaction. If you exceed ex- ceed these limitations in any calendar month, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Rate and Fee disclosures. Transactions that are not covered by these limitations include (1) transfers from your account to pay a loan with us, and (2) transfers to your other accounts with us or withdrawals by check mailed directly to you, if the transfer or withdrawal is conducted con- ducted in person, by mail or at an automated teller machine.