Common use of Additional Transaction Limitations Clause in Contracts

Additional Transaction Limitations. For all Accounts (except share draft Accounts) during any statement period, 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. No more than three of the six transfers may be made 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. For all Accounts (except share draft Accounts), 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 7 days and not more than 60 days before any such withdrawal.

Appears in 2 contracts

Samples: Membership Agreements, Membership Agreements

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Additional Transaction Limitations. For all Accounts (except share draft checking and Health Savings Accounts) during any statement period, 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. No more than three of the six transfers may be made 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. For all Accounts (except share draft Accounts), the 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 7 seven days and not more than up to 60 days before any such withdrawal.

Appears in 1 contract

Samples: Membership Agreements

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