Common use of Additional Transaction Limitations Clause in Contracts

Additional Transaction Limitations. For all Accounts (except Share Draft Checking 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, or 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. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For information on the dividend period, compounding frequency and the crediting frequency refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You place noncash items (e.g. checks) into Your Account.

Additional Transaction Limitations. For all Accounts (except Share Draft Checking 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, or 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. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For more information on the dividend period, compounding frequency and the crediting frequency refer to the accompanying "Account Disclosure Rate Supplement Supplement" which We have included with and made a part of this Disclosure. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You place noncash items (e.g. checks) into Your Account.

Additional Transaction Limitations. For all Accounts (except Share Draft Checking share draft Accounts) ), during any statement period, 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, or 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. Compounding and Crediting. For all dividend/interest-bearing Accounts, dividends dividends/interest will be earned daily for each day on which Your balance exceeds the minimum daily balance requirement for Your Account. For information on You will not be paid any accrued but uncredited dividends/interest at the dividend time You close Your Account. The dividend/interest period, compounding frequency and the crediting frequency refer to for all Accounts are shown in the accompanying following table: Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Type Dividend Period Compounding Frequency Crediting Frequency Balance Computation Method. For all dividend/interest-bearing Accounts (except certificate Accounts, dividends dividends/interest are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. For certificate Accounts, interest is calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend/interest-bearing Accounts, dividends dividends/interest will begin to accrue on the business day that You place deposit noncash items (e.g. checks) into Your Account.

Additional Transaction Limitations. For all Accounts (except Share Draft Checking 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, or 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. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For information on the dividend period, compounding frequency and the crediting frequency refer to the accompanying “Account Disclosure Rate Supplement Supplement” which We have included with and made a part of this Disclosure. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You place noncash items (e.g. checks) into Your Account.

Additional Transaction Limitations. For all Accounts (except Share Draft Checking 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, or 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. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For information on the dividend period, compounding frequency and the crediting frequency refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You place noncash items (e.g. checks) into nto Your Account.