Cash Access and Transaction Limitations Sample Clauses
The 'Cash Access and Transaction Limitations' clause defines the restrictions and controls placed on the amount of cash that can be accessed or the number and size of transactions that can be performed using a particular account or service. Typically, this clause outlines daily or monthly withdrawal limits, caps on transaction values, or restrictions on the frequency of certain types of transactions, such as ATM withdrawals or point-of-sale purchases. Its core practical function is to manage risk and prevent misuse or fraud by limiting the exposure of funds and ensuring responsible use of financial services.
Cash Access and Transaction Limitations. With your PIN, you may use the Card to obtain cash from the Account at any Automated Teller Machine (“ATM”) or any Point-of-Sale (“POS”) device, as permissible by a merchant, that bears the Visa®, Interlink®, Plus®, Maestro®, or Allpoint® Acceptance Mark(s). All ATM transactions are treated as cash withdrawal transactions. ATM cash withdrawals, funds withdrawn at a POS, and purchases are all subject to the ATM cash withdrawal 3 times per calendar day Up to $500.00 per day* Cash back at POS No limit to the number of times per calendar day Up to $500.00 per calendar day* Card purchase (PIN) No limit to the number of times per calendar day Up to $5,000.00 per calendar day* Card purchase (Signature) No limit to the number of times per calendar day Up to $2,500 per calendar day Bill Pay Up to $5,000.00 per transaction, up to $5,000.00 per calendar day *ATM owner-operators, merchants and participating banks may impose their own lower limits on cash withdrawals. You may use the Card to purchase or lease goods or services everywhere Visa, Interlink, Plus, Allpoint, or Maestro cards are accepted as long as you do not exceed the available balance of the Account. Some merchants do not allow customers to conduct split transactions if the Card is used as partial payment for goods and services and the remainder of the balance is paid with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available in the Account to the Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to swiping or dipping the Card, the Card is likely to be declined. All transactions relating to car rentals may result in a hold for that amount of funds for up to sixty (60) days. If you use the 16-digit Card number without presenting the Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you used the Card itself. For security reasons, we may limit the amount or number of transactions you can make with the Card. The Card cannot be redeemed for cash. You may not use the Card for online gambling or any illegal transaction. Each time you use the Card you authorize us to reduce the value available in the Account by the amount of the transac...
Cash Access and Transaction Limitations. With your PIN, you may use the Card to obtain cash from your Card Account at any ATM device, as permissible by a merchant, that bears the Visa®, or Interlink®, Plus® Acceptance Marks. All ATM transactions are treated as cash advance withdrawal transactions. You may use the Card at an ATM and withdraw funds at a participating bank. Cash Advances (ATM cash withdrawals) and purchases are all subject to your Available to Spend Amount. Cash Access methods other than through an ATM, such as over the counter transactions, may not be available. Below is the itemized cash access limit for your Card Account at the time of account opening. Certain members may later be eligible for higher limits at our discretion, based on Card Account history. We may change these limits from time to time at our sole discretion. We will notify you of any limits or changes to these limits if required by applicable law. To determine the current limits that apply to you, you can access them under the settings section of the Current mobile banking application (“Mobile App”), contact Current customer support by emailing us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇, or chat with an agent in the Mobile App. In addition, we may impose daily spending limits on your Card Account depending on risk factors.
Cash Access and Transaction Limitations. With your PIN, you may use the Card to obtain cash from your Account at any Automated Teller Machine (“ATM”) or any Point-of-Sale (“POS”) device, as permissible by a Merchant, that bears the Mastercard®, Plus®, or Maestro® Acceptance Marks. All ATM transactions are treated as cash withdrawal transactions. You may also obtain your Account balance through certain ATMs. A fee may be assessed by the ATM owner for any ATM withdrawal or balance inquiry.
6.1. These are the itemized cash access and spending limits for your Account:
Cash Access and Transaction Limitations. With your PIN, you may use the Card to obtain cash from your Account at any Automated Teller Machine ("ATM") that bears the Cirrus Acceptance Mark, or at any Point-of-Sale ("POS") device, If you use the Card at an automated fuel dispenser ("pay at the pump"), the transaction may be preauthorized for an amount up to $100.00 or more. If the Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. If you use the Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses incurred. A preauthorization will place a "hold" on those available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the preauthorized amount on hold will be removed. It may take up to 7 days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount.