Transfers From Savings and Money Market Deposit Accounts Sample Clauses

Transfers From Savings and Money Market Deposit Accounts. Federal regulations and the deposit agreement impose limits on the number of certain types of withdrawals and transfers you can make each month from a savings and money market deposit account. You can make no more than a total of six (6) automatic or preauthorized transfers, telephone transfers, or Internet Banking transfers or payments from a savings or money market deposit account each monthly statement cycle (each month for savings accounts with a quarterly statement cycle. If you exceed these limits, we may be required to convert your account to another type of account that is permitted to have unlimited withdrawals, and your account may no longer earn interest. Each transfer or payment through the Internet Banking service from your savings or money market deposit account is counted as one of the six limited transfers you are permitted each statement period. We recommend that you not use a savings or money market deposit account as your bill payment account because of these limits on transfers. Please review the deposit agreement for your account for more information.
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Transfers From Savings and Money Market Deposit Accounts. For any money market or other savings accounts, federal regulations require us to permit no more than six (6) transfers and withdrawals, or a combination of such transfers and withdrawals, per statement month to another account or to a third party by means of a pre-authorized or automatic transfer (such as overdraft protection, ACH, FirstCall® or Firstrust Online Banking transfers to another account you have with us or to a third party), telephonic agreement, order or instruction, or by check, draft, debit card, or similar order made by you and payable to third parties. In addition, each transfer through Mobile Banking from your savings or money market deposit account is counted as one of the six limited transfers you are permitted each statement period. A fee will be imposed for each transaction exceeding this limit (See the Commercial Banking Fee Schedule(s)). If you continue to exceed these limits, your Account may be converted to another account that permits unlimited check writing privileges and your Account may no longer earn interest.
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Transfers From Savings and Money Market Deposit Accounts. Federal regulations and the deposit agreement impose limits on the number of certain types of withdrawals and transfers you can make each month from a savings and money market deposit account. You can make no more than a total of six (6) automatic or preauthorized transfers, telephone transfers, or Online Banking transfers or payments from a savings or money market deposit account each monthly statement cycle (each month for savings accounts with a quarterly statement cycle). If checks or debit cards are allowed on the account, no more than three (3) of the six (6) transfers may be made by debit card purchase, check or similar order. If you exceed these limits on more than an occasional basis, we convert your account to another type of account and your account may no longer earn interest or we may close your account. Each transfer or payment through the Online Banking services from your savings or money market deposit account is counted as one of the six (6) limited transfers you are permitted each statement period. We recommend that you not use a savings or money market deposit account as your xxxx payment account because of these limits on transfers. Please review the deposit agreement for your account for more information.
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Related to Transfers From Savings and Money Market Deposit Accounts

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

  • Withdrawals from Accounts Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account in any month following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

  • Special Accounts 1. For the purposes of this Schedule:

  • Deposit Accounts Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

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