Common use of Federal Restrictions Clause in Contracts

Federal Restrictions. In accordance with Regulation D restrictions, preauthorized, automatic, or telephone withdrawals or transfers from savings accounts (Membership Savings, Money Market and Online Saving) are limited to six (6) in each calendar month. The transactions may be made by check, or other payment order. Loan payments to the Credit Union are not included in these limits. However, I may make an unlimited number of withdrawals from, or transfers among my own savings accounts (Membership Savings, Monet Market) by mail, messenger, or in person at the Credit Union or at an ATM. I may also make an unlimited number of withdrawals from my savings accounts through FONLINE, Online Banking, Mobile Banking, or by telephone if I request that you send ME a check. Transfers or withdrawals in excess of the above limitations will not be honored.

Federal Restrictions. In accordance with Regulation D restrictions, preauthorized, automatic, or telephone withdrawals or transfers from savings accounts (Membership Savings, Money Market and Online Saving) are limited to six (6) in each calendar month. The transactions may be made by check, or other payment order. Loan payments to the Credit Union are not included in these limits. However, I may make an unlimited number of withdrawals from, or transfers among my own savings accounts (Membership Savings, Monet Money Market) by mail, messenger, or in person at the Credit Union or at an ATM. I may also make an unlimited number of withdrawals from my savings accounts through FONLINE, Online Banking, Mobile Banking, or by telephone if I request that you send ME a check. Transfers or withdrawals in excess of the above limitations will not be honored.