Limit on Withdrawals Sample Clauses

Limit on Withdrawals. Cash withdrawals from the account will proceed according to the availability of funds in it. Cash withdrawals through the use of ATMs may not exceed $500.00 per day on business days and use at points of sale (POS) will be up to the amount available in your account. For purpose of this section, the effective date for transactions made through an ATM machine located at our main office or off-premises after 3:00pm or a non-business day will be processed the next business day.
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Limit on Withdrawals. You may make 8 withdrawals by check and unlimited withdrawals by means of a withdrawal slip, from a New Jersey Consumer Checking Account at no additional charge during each periodic cycle. You will be charged a fee for each withdrawal from an ATM operated by us, in excess of the first 25 withdrawals, as shown on the accompanying Schedule of Fees and Service Charges. An extra fee may be charged if you use an ATM that we do not operate. A withdrawal is considered made when it is recorded on our books, which is not ordinarily the date on which you wrote the check or necessarily the date that you received the cash. If the number of withdrawals by check you make during a periodic cycle exceeds 8, we may charge an extra fee for each additional withdrawal by check, as shown on the accompanying Schedule of Fees and Service Charges.
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Limit on Withdrawals. You may make 12 withdrawals from a Basic Banking Account at no additional charge during each periodic cycle. A withdrawal transaction consists of writing a check, getting cash from an ATM operated by us, or any other withdrawal from your account by means of a withdrawal slip. An extra fee will be charged if you use an ATM that we do not operate. A withdrawal is deemed to be made when it is recorded on our books, which is not necessarily the date on which you initiated the transaction or wrote the check. If the number of withdrawals you make during a periodic cycle at no additional charge is exceeded, we may impose an extra fee or charge for each additional withdrawal.
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Limit on Withdrawals. You may make 8 withdrawals from a Basic Banking Account at no additional charge during each periodic cycle. Account holders 65 years of age or older may make at least 12 withdrawal transactions. A withdrawal transaction consists of writing a check, getting cash from an Automated Teller Machine ("ATM") operated by us, or any other withdrawal from your account by means of a withdrawal slip. An extra fee will be charged if you use an ATM that we do not operate. A withdrawal is considered made when it is recorded on our books, which is not ordinarily the date on which you wrote the check or necessarily the date that you received the cash. If the number of withdrawals you make during a periodic cycle is exceeded, we may charge an extra fee for each additional withdrawal.
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Limit on Withdrawals. (a) If an Event of Default has occurred and while it is continuing, withdrawals from a Transaction Account may only be made with the prior written approval of the Agent or a Receiver appointed by the Agent.
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Related to Limit on Withdrawals

  • Withdrawals Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.

  • Deposits and Withdrawals Each person when depositing such securities or similar investments in or withdrawing them from a Securities Depository or when ordering their withdrawal and delivery from the safekeeping of the Custodian, shall comply with the requirements of Rule 17f-2(e).

  • No Withdrawal No Person shall be entitled to withdraw any part of such Person’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided in this Agreement.

  • Distribution Upon Withdrawal No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.

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