Common use of Preauthorized Withdrawals Clause in Contracts

Preauthorized Withdrawals. You may authorize another party, such as an insurance company or mortgage company, to have payments transferred from your Share Draft Account or Money Market Account at Government Employees Federal Credit Union and sent directly to them on a regular basis. The share account is not authorized to receive preauthorized withdrawals.

Preauthorized Withdrawals. You may authorize another party, such as an insurance company or mortgage company, to have payments transferred from your Share Account, Share Draft Account or Money Market Account at Government Employees Federal ▇▇▇▇▇▇ County Credit Union and sent directly to them on a regular basis. The share account is not authorized to receive preauthorized withdrawals.