ACH Debit Limits Clause Samples

ACH Debit Limits. The limitations to the amount of funds that can be transferred from your Account per day are described below. These limits may be modified from time to time depending on prior activity in your Account. Transaction Type Frequency and/or Dollar Limits Electronic Funds Transfer Services

ACH Debit Limits. The limitations to the amount of funds that can be transferred from your Account per calendar day are described below. These limits may be modified from time to time depending on prior activity in your Account. ACH Debits from Merchants, utility service providers and other financial institutions Limited to the available Account balance ACH Transfers from your Account to another bank account you own using the Angeleno Connect Debit Card App* No limits to the number of times per calendar day Up to $1,000 per calendar day Up to $9,999.00 per calendar month *Acceptance of ACH Transfers may vary by receiving financial institution. Please contact the bank you wish to send funds to prior to initiating an ACH Transfer to determine if restrictions apply. The following terms are used to describe Electronic Funds Transfer ("EFT") services. "Automated credits", "direct deposits" or ACH Credits are deposits made to your Account by electronic means. "Automated debits", "Automated payments" and ACH Debits indicate payments authorized by you to be made from your Account by electronic means. "Online Transfers" are the movement of funds between your Account and optional Savings Account by use of the Angeleno Connect Debit Card App. Online Transfers are described in detail in the agreement governing the Savings Account. When you accept direct deposits or authorize automatic payments/ACH debits or transfers to or from your Account, you agree to these terms and conditions. Other relevant terms and conditions described elsewhere in the Agreement also apply as long as they are consistent with Regulation E or Section II.

ACH Debit Limits. The amount of funds that can be transferred from your Account per day are limited as follows: Transaction Type§ Frequency and/or Dollar Limits ACH Debits initiated by an external third party No limit to the number of times per calendar day; Limited to the available Account balance ▇▇▇ ▇▇▇▇▇▇ initiated through the App and credited to another bank account you own* No limit to the number of times per calendar day with a maximum initial debit of $200 per calendar day, and a maximum of up to $500 per calendar month** ACH Credits initiated from an external financial institution No limit to the number of times per calendar day; Limited to the available Account balance ACH Credits from an external financial institution to the Deposit Account initiated using the App† No limit to the number of times per day with a maximum initial credit of $200 per calendar day, and a maximum of up to $500 per calendar month** §A hold applies. See section V, “Funds Availability Using the App.” for details. *Acceptance of ACH Credits may vary by financial institution. Please contact the bank you wish to send funds to prior to initiating an ACH Credit to determine if restrictions apply. **Certain Accountholders may be eligible for higher ACH Credit transfer limits based on Account history, at our discretion. †The names of the recipient and the sender on any ACH transfer must match and also match the name of the owner of the Account. Any ACH transfer received for which either the names of the recipient and the sender do not match or do not match the name of the owner of the Account will be returned to the originator.

ACH Debit Limits. The amount of funds that can be transferred from the Bank Account per day are described below, which Varo reserves the right to modify as we deem necessary, including based on your account activity. Transaction Type Frequency and/or Dollar Limits