Common use of Additional Transaction Limitations Clause in Contracts

Additional Transaction Limitations. For all Accounts (except 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 home banking, 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 daily balance requirement for Your Account. For all dividend-bearing Accounts, the dividend period is monthly and dividends will be compounded and credited to Your Account monthly. For certificate Accounts, You will not be paid any dividends that have accrued but have not yet been credited at the time You close Your Account.