Common use of Telephone Banking Clause in Contracts

Telephone Banking. A separate personal identification number (PIN) will be assigned to you. You must use your personal identification number (PIN) along with your account number to access your accounts. Transaction Limitations – Pursuant to Regulation D, for all share (savings), club, and money market accounts, you may make no more than six (6) transfers and/or withdrawals from your account to another account of yours or to a third party in any month by means of preauthorized, automatic or internet transfer, by telephonic order or instruction, debit card or similar order. If you exceed these limitations, your account may be subject to withdrawal restrictions, fees, or be closed. Conditions of EFT Services -