Common use of Account Transfer Limitations Clause in Contracts

Account Transfer Limitations. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response, or Internet transfers to another of your accounts or to the account of any other person or entity during each calendar month; including transfers made by check or ATM/debit card purchase to another person or entity. Your limit of six (6) preauthorized transfers includes those transactions where you order us to pay a person or organization from your account (including Automated Clearing House (ACH) transactions). The date we use to determine the frequency 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 calendar month, we can refuse or reverse the transfer, close your account, and/or impose a fee as specified in the Rate and Fee disclosures. Transactions that are not subject to these limitations include (1) transfers from your account to pay a loan with us, and (2) transfers to your other accounts with us or withdrawals by check mailed directly to you if the transfer or withdrawal is conducted in person, by mail or at an automated teller machine (ATM).

Account Transfer Limitations. On all savings accounts, we will allow you to make up to six (6) preauthorized, automatic, telephonic, audio response, response or Internet online banking transfers to another of your accounts or to the account of any other person or entity organization during each calendar month; including transfers made by check or ATM/debit card purchase to another person or entitystatement period. Your limit of six (6) preauthorized transfers includes those transactions where you order us to pay a person or organization from your account (including Automated Clearing House (ACH) transactions). The date we use to determine the frequency number of transactions is the date a transaction is posted to your account account, rather than the date you initiate the transaction. If you exceed these limitations in any calendar month, we can refuse or reverse the transfer, close your account, and/or impose and charge a fee as specified stated in the Rate Schedule of Fees and Fee disclosuresCharges. Transactions that are not subject to covered by these limitations include (1) transfers from your account to pay a loan with us, and (2) transfers to your other accounts with us or withdrawals by check mailed directly to you you, if the transfer or withdrawal is conducted in person, by mail or at an automated teller machine (ATM).