Common use of Limitations on Transfers and Withdrawals Clause in Contracts

Limitations on Transfers and Withdrawals. We reserve the right, at any time, to require at least seven (7) days’ advance written notice prior to any withdrawal from your savings or NOW account. If your account is a savings account or money market deposit account (MMDA), it is subject to additional limitations set forth below. If we authorize a withdrawal or transfer from your account (for example, through the use of a banking or check card) we may, at that time, debit or place a hold on your account for the amount authorized.