Transaction Limitations Sample Clauses
The TRANSACTION LIMITATIONS clause sets boundaries on the types, amounts, or frequency of transactions that may be conducted under an agreement. For example, it may restrict the maximum dollar value of a single transaction, limit the number of transactions allowed within a certain period, or prohibit certain categories of transactions altogether. This clause serves to manage risk and ensure that the parties operate within agreed-upon parameters, thereby preventing unauthorized or excessive activity that could expose either party to financial or legal harm.
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Transaction Limitations. Once Your Account is established, You may not make additional deposits prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.
Transaction Limitations. You may make withdrawals from this Account during the first six days after it is opened. Thereafter, no withdrawals are allowed on this Account. Account withdrawal prior to July 1st will cause Account closure and all funds will be transferred to your Regular Share Account.
Transaction Limitations. Once Your Account is established, You may not make withdrawals of principal from Your Account prior to the Maturity date, and each subsequent deposit must be in $25.00 increments. Maturity Date. Your Account will mature after the term indicated on the separate page titled "Account Disclosure Rate Supplement."
Transaction Limitations. Except as otherwise stated in this Agreement, or in any applicable federal or state law or regulation, there are no transaction limitations on this account.
Transaction Limitations. Once your Term Certificate Account is established, you may not make deposits into the account until the Maturity Date. All withdrawals of principal before the Maturity Date are subject to early withdrawal penalties, except during the grace period described herein.
Transaction Limitations. The Credit Union reserves the right to require a member intending to make a withdrawal from any Account (except a Checking Account) to give written notice of such intent not fewer than seven days and up to 60 days before such withdrawal. We currently do not exercise this right and we have not exercised it in the past. The $1 membership share in your Savings Account may not be withdrawn unless your Credit Union membership is terminated.
Transaction Limitations. During any calendar month, 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. Individual Retirement Accounts are also subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your IRA Agreement or Your tax advisor for additional information. Additionally, the Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than seven and up to 60 days before any such withdrawal. SPECIFIC TERMS APPLICABLE TO YOUR MUSD V12 SUMMER SALARY SAVINGS ACCOUNT Tiered Fixed Rate Information. This Account is subject to a Tiered Fixed Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Minimum Balance Requirements. The minimum balance required to open this Account is $25.00. In order to earn the disclosed APY, You must maintain a balance at least equal to $25.00 in Your Account each day. Transaction Limitations. During any calendar month, 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. Additionally, the Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than seven and up to 60 days before any such withdrawal. Moreover, We reserve the right to require a member intending to make a withdrawal to obtain and present written authorization from the member's employer prior to any such withdrawal.
Transaction Limitations. Once Your Account is established, You may not make additional deposits into or withdrawals of principal from Your Account prior to the Maturity Date. Individual Retirement Accounts are also subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see Your IRA Agreement or Your tax advisor for additional information. Maturity Date. Your Account will mature after the term indicated on the separate page titled "Account Disclosure Rate Supplement."
Transaction Limitations. The Credit Union will permit a withdrawal only if you have sufficient available funds in your account to cover the full amount of the withdrawal or have an established overdraft protection plan. Checks, drafts or other transfer or payment orders which are drawn against insufficient available funds will be subject to an NSF Fee, set forth in the Rate and Fee Schedule. If there are sufficient available funds to cover some but not all of your withdrawal orders, the Credit Union may allow those withdrawals for which there are sufficient available funds in any order at the Credit Union's discretion. The Credit Union may also refuse to allow a withdrawal in other cases; for example: any dispute between the owners about the account (unless a court has ordered the Credit Union to allow the withdrawal); a legal garnishment or attachment is served; the account secures an obligation to the Credit Union; any required documentation has not been presented; or you fail to repay a Credit Union loan on time. You will be advised of the reasons for refusal if such action is taken. The Credit Union reserves the right to require members to give notice in writing of any intended withdrawals from any account (except checks) of not less than 7 calendar days and up to 60 calendar days, as required by law, before such withdrawal.
Transaction Limitations. The Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than seven days and up to 60 days before any such withdrawal. Variable Rate Information. This Account is subject to a Variable Rate. For the current dividend rate and corresponding APY, refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Minimum Balance Requirements. The minimum balance required to open this Account is $5.00.