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. Mobile Banking cannot be used for transfers to or from a certificate of deposit. Mobile Banking may only be used to initiate a Bill Pay transaction from an Account that is a checking account.
Appears in 2 contracts
Samples: Alabama Electronic Banking Agreement Commercial, Alabama Electronic Banking Agreement Consumer
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. Mobile Banking cannot be used for transfers to or from a certificate of deposit. Mobile Banking may only be used to initiate a Bill Xxxx Pay transaction from an Account that is a checking account.
Appears in 2 contracts
Samples: Alabama Electronic Banking Agreement Consumer, Alabama Electronic Banking Agreement Commercial