Common use of Limitation on Number and Amount of Transactions Clause in Contracts

Limitation on Number and Amount of Transactions. Transfers from an Account that is a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month or statement cycle. Online Banking cannot be used for transfers to or from a certificate of deposit. Online Banking may only be used to initiate a Xxxx Pay transaction from an Account that is a checking account.

Limitation on Number and Amount of Transactions. Transfers from an Account that is a savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month or statement cycle. Online Banking cannot be used for transfers to or from a certificate of deposit. Online Banking may only be used to initiate a Xxxx Bill Pay transaction from an Account that is a checking account.