Common use of Access Limitations Clause in Contracts

Access Limitations. You understand that we will not allow more preauthorized transfers than the maximum number specified in the Disclosures. A preauthorized transfer is a transfer of funds from this account to make payments to a third party by means of a preauthorized or telephone agreement, order or instruction. Federal regulations require compliance with these restrictions. We may be required to close your account, take away your ability to transfer funds or convert the account to a checking or other transaction account if these restrictions are violated.

Appears in 2 contracts

Samples: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement

AutoNDA by SimpleDocs

Access Limitations. You understand that we will not allow more preauthorized transfers than the maximum number specified in the Disclosures. A preauthorized transfer is a transfer of funds from this account to make payments to a third party by means of a preauthorized or telephone agreement, order or instruction. Federal regulations require compliance with these restrictions. We may be required to close your account, take away your ability to transfer funds or convert the account to a checking or other transaction account if these restrictions are violated.. In addition to the General Rules, your Certificate of Deposit (“Certificate”) may be subject to the following:

Appears in 1 contract

Samples: Deposit Account Agreement

Access Limitations. You understand that we will not allow more preauthorized transfers than the maximum number specified in the Disclosures. A preauthorized transfer is a transfer of funds from this account to make payments to a third party by means of a preauthorized or telephone agreement, order or instruction. Federal regulations require compliance with these restrictions. We may be required to close your account, take away your ability to transfer funds or convert the account to a checking or other transaction account if these restrictions are violated.. CERTIFICATES OF DEPOSIT/TIME DEPOSIT ACCOUNTS

Appears in 1 contract

Samples: Deposit Account Agreement

AutoNDA by SimpleDocs

Access Limitations. You understand that we will not allow more preauthorized transfers than the maximum number specified in the Disclosurespermitted by Reg. D per designated period. A preauthorized transfer is a transfer of funds from f rom this account to make payments to a third party by means of a preauthorized or telephone agreement, order or instruction. Federal regulations require compliance with these restrictions. We may be required to close your account, take away your any ability to transfer funds funds, or convert the account to a checking or other transaction account transact ion account, if these restrictions restrict ions are violated.

Appears in 1 contract

Samples: Deposit Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!