Common use of Exceptions to Early Withdrawal Penalties Clause in Contracts

Exceptions to Early Withdrawal Penalties. An STC may be cancelled without penalty during the grace period, which is the seven calendar days following an automatic renewal. If you choose to cancel the STC during the grace period, the STC will earn interest for the days from the renewal until the cancellation at the share account rate. You can make one partial deposit to or withdrawal from an STC during the seven-day grace period without penalty. THIS DISCLOSURE DESCRIBES YOUR ABILITY TO WITHDRAW FUNDS AT THE CREDIT UNION. YOU SHOULD ALSO REFER TO THE SECTION OF THESE AGREEMENTS AND DISCLOSURES THAT DESCRIBES THE DETAILS OF YOUR SPECIFIC ACCOUNT TYPE FOR ADDITIONAL INFORMATION. 1. GENERAL POLICY. Our general policy is to make funds from your cash deposits available to you on the same business day we receive your deposit. Funds from checks deposited to a CashPoints ATM are generally made available to you on the first business day after the day of your deposit. Electronic direct deposits will be available on the effective date or the day we receive the deposit, whichever is later. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and days we are closed for observance of holidays. If you make a deposit on a business day we are open at one of our branches or at a CashPoints ATM before 5:30 p.m., we will consider that day to be the day of your deposit. However, if you make a deposit at one of our branches or at a CashPoints ATM after 5:30 p.m., or on a day we are not open, we will consider the deposit made on the next business day we are open.

Exceptions to Early Withdrawal Penalties. An STC may be cancelled without penalty during the grace period, which is the seven calendar days following an automatic renewal. If you choose to cancel the STC during the grace period, the STC will earn interest for the days from the renewal until the cancellation at the share account rate. You can make one partial deposit to or withdrawal from an STC during the seven-day grace period without penalty. THIS DISCLOSURE DESCRIBES YOUR ABILITY TO WITHDRAW FUNDS AT THE CREDIT UNION. YOU SHOULD ALSO REFER TO THE SECTION OF THESE AGREEMENTS AND DISCLOSURES THAT DESCRIBES THE DETAILS OF YOUR SPECIFIC ACCOUNT TYPE FOR ADDITIONAL INFORMATION. 1. GENERAL POLICY. Our general policy is to make funds from your cash deposits available to you on the same business day we receive your deposit. Funds from checks deposited to a CashPoints ATM are generally made available to you on the first business day after the day of your deposit. Electronic direct deposits will be available on the effective date or the day we receive the deposit, whichever is later. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and days we are closed for observance of holidays. If you make a deposit on a business day that we are open at one of our branches or at a CashPoints ATM before 5:30 p.m., we will consider that day to be the day of your deposit. However, if you make a deposit at one of our branches or at a CashPoints ATM after 5:30 p.m., or on a day we are not open, we will consider that the deposit was made on the next business day we are open.