Common use of Limits on Online Banking Transactions Clause in Contracts

Limits on Online Banking Transactions. You may use Online Banking to check the balances of your Designated Accounts and to transfer funds among your Designated Accounts. You must have available funds in the designated account or available credit in the designated line of credit from which you instruct Bank to make a transfer. According to federal regulations, you may not make more than six (6) transfers or withdrawals from a money market account or savings account during a given monthly statement period. The transfers and withdrawals subject to this limitation are preauthorized or automatic transfers (including transfers made with Online Banking), transfers or withdrawals pursuant to a telephonic agreement, order or instruction, and checks, drafts, debit card transactions, and similar transactions payable to third parties. If use of a Service results in a payment that is sent out by paper check, the paper check will count toward your total number of checks written in the statement period. There are no limits to the number of transfers or withdrawals from a checking account. Balances shown in your Designated Accounts may include deposits subject to verification by Bank. The balance may also differ from your records due to deposits in progress, outstanding checks or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. If you have further questions, contact us at 000-000-0000. Designated Account balances are updated each Business Day and the Online Banking system will display the most current "as of" date on the "accounts" page by selecting the “summary” option. There may be situations that cause a delay in an update of your displayed balances. Online Banking will use the most current balance available at the time of a transaction to base Bank’s approval of the transaction.

Limits on Online Banking Transactions. You may use Online Banking to check the balances of your Designated Accounts and to transfer funds among between your Designated Accounts. You must have available funds in the designated account or available credit in the designated line of credit any Designated Account from which you instruct Bank to make a payment or transfer. According to federal regulations, you may not make more than six (6) transfers or withdrawals from a money market account or savings account during a given monthly statement period. The transfers and withdrawals subject to this limitation are preauthorized or automatic transfers (including transfers made with Online Banking), transfers or withdrawals pursuant to a telephonic agreement, order or instruction, and checks, drafts, debit card transactions, and similar transactions payable to third parties. If use of a Service results in a payment that is sent out by paper check, the paper check will count toward your total number of checks written in the statement period. There are no limits to the number of transfers or withdrawals from a checking account. Balances shown in your Designated Accounts Account(s) may include deposits subject to verification by Bank. The balance may also differ from your records due to deposits in progress, outstanding checks or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. If you have further questions, contact us Bank at 000-000-0000888880- 5663. Designated Account The balances are updated each Business Day and the Online Banking system will display the most current "as of" date on the "accounts" page by selecting the “summary” optionsummary page. There may be situations that cause a delay in an update of your displayed balances. Online Banking will use the most current balance available at the time of a transaction to base Bank’s approval of the transaction.