Save Your Pay. Activation of the Save Your Pay feature requires designation of a percentage of each qualifying transaction (as defined below in paragraph 4.2) to be transferred from the Bank Account to the Savings Account. When a qualifying transaction is initially credited to the Bank Account, the designated percentage will be calculated based on the dollar amount credited to the Bank Account. This amount will then be transferred from the Bank Account balance to the Savings Account balance. For example, if 10% is designated and the Bank Account receives a qualifying transaction of $1,000, $100 will be transferred from the Bank Account balance to the Savings Account balance.
Appears in 4 contracts
Samples: Savings Account Agreement, Savings Account Agreement, Savings Account Agreement and Disclosures Effective
