Common use of Account Transfer Limits Clause in Contracts

Account Transfer Limits. Transfers out of your savings Account, including a money market deposit account (MMDA), to another account or to a third party by preauthorized, automatic, computer, or telephone transfer or by check, draft, debit card, or similar order are limited to six (6) per month in accordance with the agreement that governs the Account. These limits are imposed by federal law. If the limits are exceeded, we reserve the right to charge a fee, close the Account or reclassify the Account as a transaction account.

Appears in 4 contracts

Samples: And Agreement, And Agreement, And Agreement

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