Common use of Additional Transfer Limitations for Savings and Money Market Accounts Clause in Contracts

Additional Transfer Limitations for Savings and Money Market Accounts. Under government regulations (Regulation D) which apply to your Savings and Money Market Accounts, you may not make more than six transfers and withdrawals, or a combination of transfers and withdrawals from your Savings or Money Market Account per calendar month to another Credit Union Account of yours or to a third party by means of a pre-authorized or automatic transfer, or a telephonic agreement, order, or instruction (including transfers using the HAL or Online Banking services). Withdrawals by mail, messenger, ATM, or in person, and transfers to make payments on your loans with us are not included in this limitation. However, automatic or preauthorized transfers from your Accounts to make payments on other loan accounts with us are counted against this transaction limitation. Regulation D only applies to Money Market Accounts.

Additional Transfer Limitations for Savings and Money Market Accounts. Under government regulations (Regulation D) which apply to your Savings and Money Market Accounts, you may not make more than six transfers and withdrawals, or a combination of transfers and withdrawals from your Savings or Money Market Account per calendar month to another Credit Union Account of yours or to a third party by means of a pre-authorized or automatic transfer, or a telephonic agreement, order, or instruction (including transfers using the HAL Tellerphone or Online Banking services). Withdrawals by mail, messenger, ATM, or in person, and transfers to make payments on your loans with us are not included in this limitation. However, automatic or preauthorized transfers from your Accounts to make payments on other loan accounts with us are counted against this transaction limitation. Regulation If you exceed the six transfers you may incur a Reg D only applies to Money Market Accountsfee.