Common use of Limits on Online Banking Transactions Clause in Contracts

Limits on Online Banking Transactions. Any account that you wish to make a payment or transfer funds from must have sufficient funds to cover the transaction. If any of your qualifying accounts are savings accounts or money markets then certain types of withdrawals from those accounts, including payments and transfers, are limited to a total of no more than 6 in any calendar month. The kinds of withdrawals covered by this limitation are those made by means of preauthorized/automatic transfers, payments, withdrawals may be made by check, draft, debit/ATM card, or similar order payable to third parties or telephone transfers. In addition, you also agree to the “Disclosure of Interest, Fees and Account Terms” that you received when you opened your deposit account. You can request another copy of this disclosure at any time, at any branch location. Your ability to transfer funds from certain accounts is limited by federal law and the applicable account agreements. You should refer to these agreements for legal restrictions and service charges applicable for excessive withdrawals and transfers.

Limits on Online Banking Transactions. Any account that you wish to make a payment or transfer funds from must have sufficient funds to cover the transaction. If any of your qualifying accounts are savings accounts or money markets then certain types of withdrawals from those accounts, including payments and transfers, are limited to a total of no more than 6 in any calendar month. The kinds of withdrawals covered by this limitation are those made by means of preauthorized/automatic transfers, payments, withdrawals may be made by check, draft, debit/ATM card, or similar order payable to third parties or telephone transfers. In addition, you also agree to the “Disclosure of Interest, Fees and Account Terms” that you received when you opened your deposit account. You can request another copy of this disclosure at any time, at any branch location. Your ability to transfer funds from certain accounts is limited by federal law and the applicable account agreements. You should refer to these agreements for legal restrictions and service charges applicable for excessive withdrawals and transfers.