Common use of Limitations on Frequency and Dollar Amounts of Transactions Clause in Contracts

Limitations on Frequency and Dollar Amounts of Transactions. You may use your card at automated teller machines or at point-of-sale terminals to withdraw cash up to a maximum of $509* per business day, per card as long as your available balance exceeds this limit. ATM cash withdrawals are limited to five per day. You may also choose to have a dollar limit lower than $509 or a number of withdrawals limit lower than five, you need only inform us. You may use your Bluestone Debit MasterCard to make PIN based or signature-based purchases up to $1,000* each per day, with an aggregate limit of $1,500 per day. Debit MasterCard purchases are limited to 25 per day. You may also choose to have a lower dollar limit or purchase number limit. You need only inform us. *Some cards may have lower limits assigned by us, due to account experience. Our Bill Payment Processor has a payment cap of $9,999.00. The Bill Payment user interface limits the entry of payment amounts greater than this amount. Our business days are Monday through Friday except holidays. Deposits and payments made through an ATM after 3:30 PM Monday through Saturday, or on a Sunday or federal holiday will be considered received and will be posted on the next business day. You may not use your Card to transfer money to or from accounts which do not exist or which are not designated accounts. We shall not be required to complete any such transaction, but if we do, you agree to pay us any excess amount or any improperly withdrawn or transferred amount immediately upon request from us. We may impose additional restrictions or limitations on the use of your Card when we believe they are necessary to safeguard the Card against misuse.

Appears in 4 contracts

Samples: Deposit Account Agreement, Electronic Funds Transfer Disclosure and Card Holder Agreement, Electronic Funds Transfer Disclosure and Card Holder Agreement

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