Common use of E-check Clause in Contracts

E-check. TRANSACTIONS You may authorize a merchant or other payee to make a one-time electronic payment from Your checking Account using information from Your check (“E-Check”) to: (a) pay for purchases; or (b) pay bills. ADDITIONAL TRANSACTION LIMITATIONS For all Accounts (except share draft/ checking Accounts) during any statement period, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union. ATM CARD FOREIGN TRANSACTIONS ATM and Point of Sale (POS) transactions made in foreign countries and foreign currencies will be transacted in U.S. Dollars. The conversion rate to dollars will be at: (i) the wholesale market rate; or

E-check. TRANSACTIONS You may authorize a merchant or other payee to make a one-time electronic payment from Your checking Account using information from Your check (“E-Check”) to: (a) pay for purchases; or (b) pay bills. ADDITIONAL TRANSACTION LIMITATIONS For all Accounts (except share draft/ checking Share Draft Checking Accounts) during any statement period, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union. ATM CARD FOREIGN TRANSACTIONS ATM and Point of Sale (POS) transactions made in foreign countries and foreign currencies will be transacted in U.S. Dollars. The conversion rate to dollars will be at: (i) the wholesale market rate; or