Common use of Transfer Limits; Availability Clause in Contracts

Transfer Limits; Availability. The maximum dollar limit on a transfer is equal to the available in your Deposit Account, plus the available balance or credit balance in any other account or line of credit attached to the Deposit Account to provide overdraft protection. Funds must be available in the account from which you wish to transfer funds on the date you enter the transaction. We reserve the right to limit the frequency and dollar amount of transactions between your accounts for security reasons. By federal regulation, you are limited during any statement cycle to six preauthorized or automatic transfers (three of which may be by check, draft or similar order) if the Account is a savings or a savings with limited check writing privileges (money market type) account. Online xxxx payments and transfers between your Deposit Accounts are considered preauthorized transfers.

Appears in 2 contracts

Samples: Banking and Cash Management Services Master Agreement, Consumer Online Banking Agreement

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Transfer Limits; Availability. The maximum dollar limit on a transfer is equal to the available balance in your Deposit Account, plus the available balance or credit balance in any other account or line of credit attached to the Deposit Account to provide overdraft protection. Funds must be available in the account from which you wish to transfer funds on the date you enter the transaction. We reserve the right to limit the frequency and dollar amount of transactions between your accounts for security reasons. By federal regulation, you are limited during any statement cycle to six preauthorized or automatic transfers (three of which may be by check, draft or similar order) if the Account is a savings or a savings with limited check writing privileges (money market type) account. Online xxxx Bill payments and transfers between your Deposit Accounts are considered preauthorized transfers.

Appears in 1 contract

Samples: Banking and Cash Management Services Master Agreement

Transfer Limits; Availability. The maximum dollar limit on a transfer is equal to the available balance in your Deposit Account, plus the available balance or credit balance in any other account or line of credit attached to the Deposit Account to provide overdraft protection. Funds must be available in the account from which you wish to transfer funds on the date you enter the transaction. We reserve the right to limit the frequency and dollar amount of transactions between your accounts for security reasons. By federal regulation, you are limited during any statement cycle to six preauthorized or automatic transfers (three of which may be by check, draft or similar order) if the Account is a savings or a savings with limited check writing privileges (money market type) account. Online xxxx Xxxx payments and transfers between your Deposit Accounts are considered preauthorized transfers.

Appears in 1 contract

Samples: Banking and Cash Management Services Master Agreement

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Transfer Limits; Availability. The maximum dollar limit on a transfer is equal to the available in your Deposit Account, plus the available balance or credit balance in any other account or line of credit attached to the Deposit Account to provide overdraft protection. Funds must be available in the account from which you wish to transfer funds on the date you enter the transaction. We reserve the right to limit the frequency and dollar amount of transactions between your accounts for security reasons. By federal regulation, you are limited during any statement cycle to six preauthorized or automatic transfers (three of which may be by check, draft or similar order) if the Account is a savings or a savings with limited check writing privileges (money market type) account. Online xxxx bill payments and transfers between your Deposit Accounts are considered preauthorized transfers.

Appears in 1 contract

Samples: myprobank.com

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