Common use of Account Transfer Limitations Clause in Contracts

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal law. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings Accounts

Account Transfer Limitations. Withdrawals or transfers out of your savings accounts are limited by federal law. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response or Home Banking transfers to another of your accounts or to the account of any other person or organization during each statement period. The date we use to determine the number of transactions is the date a transaction is posted to your account, rather than the date you initiate the transaction. If you exceed these limitations in any statement period, we can refuse or reverse the transfer, close your account, and charge a fee as stated in the Fee Schedule. Transactions that are not covered by these limitations include: (1) transfers from your account to pay a loan with us; (2) transfers to your other accounts with us; (3) withdrawals (payments directly to you) from the account when such transfers or withdrawals are made by mail, messenger, ATM or in person; and/or (4) withdrawals made by telephone if a check is mailed directly to you. Regular Savings AccountsAccounts‌