Common use of Additional Transaction Limitations Clause in Contracts

Additional Transaction Limitations. For all Accounts (except share draft Accounts), during any calendar month, 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. 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 seven days and up to 60 days before any such withdrawal. 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 all dividend-bearing Accounts (except Share Certificate and IRA Share Certificate), the dividend period is Monthly, and dividends will be compounded and credited to Your Account Monthly. For Share Certificate and IRA Share Certificate Accounts, the dividend period is Monthly, and dividends will be compounded Daily and credited to Your Account Monthly. For all Regular Share, Special Savings, IRA Club, Christmas Club and Xxxxx Kangaroo Kids Accounts, You will not be paid any accrued but uncredited dividends at the time You close Your Account.

Additional Transaction Limitations. For all Accounts (except share draft Accounts), ) during any calendar monthstatement 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 . 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 seven days and up to 60 days before any such withdrawal. 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 (except Share Certificate and IRA Share Certificate), the dividend period is Monthly, and dividends will be compounded and credited to Your Account Monthly. For Share Certificate and IRA Share Certificate Accounts, the dividend period is Monthly, and dividends will be compounded Daily and credited to Your Account Monthly. For all Regular Share, Special Savings, IRA Club, Christmas Club and Xxxxx Kangaroo Kids Accounts, You will not be paid any accrued but uncredited dividends at the time You close Your Account. For all interest-bearing Accounts, interest will be earned daily for each day on which Your balance exceeds the minimum daily balance requirement for Your Account. You will not be paid any accrued but uncredited interest or dividends at the time You close Your Account. The interest/dividend period, compounding frequency and the crediting frequency for all accounts are shown in the following table: GENERAL TERMS APPLICABLE TO ALL ACCOUNTS .

Additional Transaction Limitations. For all Accounts (except share draft checking Accounts), during any calendar monthmonth or 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 . 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 seven days and up to 60 days before any such withdrawal. 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 (except Share Certificate and IRA Share Certificate), the dividend period is Monthly, and dividends will be compounded and credited to Your Account Monthly. For Share Certificate and IRA Share Certificate Accounts, the dividend period is Monthly, and dividends will be compounded Daily and credited to Your Account Monthly. For all Regular Share, Special Savings, IRA Club, Christmas Club and Xxxxx Kangaroo Kids Accounts, You will not be paid any accrued but uncredited dividends at the time You close Your Account. The dividend period, compounding frequency and the crediting frequency for all Accounts is monthly. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the Account each day. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day You deposit non-cash items (e.g. checks) into Your Account.