Common use of Effect of Closing an Account Clause in Contracts

Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will not be credited to the account. Transaction Limitations: During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond the limitations will be declined.

Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will not be credited to the account. Transaction Limitations: During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours yours, or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions beyond the limitations of this type beyond the limitations will be declined. Par value of a share: The par value of each share in this account is $5.00.

Effect of Closing an Account. For this type of account, if an account is closed prior to the end of the respective month, accrued dividends will not be credited to the account. Transaction Limitations: During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond If you exceed the transfer limitations set forth above, your account will be declinedsubject to fees or closure by the credit union.