Common use of TRANSACTION TYPES AND LIMITATIONS Clause in Contracts

TRANSACTION TYPES AND LIMITATIONS. To subscribe to the Service, you must designate a specific share draft account to process your Service transactions through. The account you designate for this purpose must be in good standing with us in accordance with our requirements. The following limitations apply to this Service: - There is no limit on the number of bill payments per day. - Payments are limited to the available funds in your account. - Pay a Person. For payments to an individual such as a friend or relative: - Maximum transaction amount per item: $1,000.00 - Maximum transaction amount per day: $5,000.00 - Pay a Company. For payments to a company such as a financial institution or utility company: - Maximum transaction amount: $25,000.00 - Maximum amount per day: $25,000.00 - Maximum amount per month: $50,000.00 Payments or billers outside of the United States or its territories are prohibited through the service (see Section 11 for more information).

Appears in 2 contracts

Samples: Service Agreement, Service Agreement

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TRANSACTION TYPES AND LIMITATIONS. To subscribe to the Service, you must designate a specific share draft account to process your Service transactions through. The account you designate for this purpose must be in good standing with us in accordance with our requirements. The following limitations apply to this Service: - There is no limit on the number of bill xxxx payments per day. - Payments are limited to the available funds in your account. - Pay a Person. For payments to an individual such as a friend or relative: - Maximum transaction amount per item: $1,000.00 - Maximum transaction amount per day: $5,000.00 2,500.00 - Pay a Company. For payments to a company such as a financial institution or utility company: - Maximum transaction amount: $25,000.00 - Maximum amount per day: $25,000.00 - Maximum amount per month: $50,000.00 10,000.00 Payments or billers outside of the United States or its territories are prohibited through the service (see Section 11 for more information).

Appears in 1 contract

Samples: Service Agreement

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TRANSACTION TYPES AND LIMITATIONS. To subscribe to the Service, you must designate a specific share draft account to process your Service transactions through. The account you designate for this purpose must be in good standing with us in accordance with our requirements. The following limitations apply to this Service: - There is no limit on the number of bill xxxx payments per day. - Payments are limited to the available funds in your account. - Pay a Person. For payments to an individual such as a friend or relative: - Maximum transaction amount per item: $1,000.00 - Maximum transaction amount per day: $5,000.00 - Pay a Company. For payments to a company such as a financial institution or utility company: - Maximum transaction amount: $25,000.00 - Maximum amount per day: $25,000.00 - Maximum amount per month: $50,000.00 Payments or billers outside of the United States or its territories are prohibited through the service (see Section 11 for more information).

Appears in 1 contract

Samples: Service Agreement

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