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Common use of Withdrawal Restrictions Clause in Contracts

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 8 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding iI) withdrawals or transfers; or iiII) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders orders, which are drawn against insufficient funds funds, may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds.. We may limit or refuse a withdrawal in some situations, and will advise you accordingly; for example (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal withdrawal, which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-non- payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds.. We may limit or refuse a withdrawal in some situations, and will advise you accordingly; for example: (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); ; (2) a legal garnishment or attachment is served; ; (3) the account secures any obligation to us; ; (4) required documentation has not been presented; ; (5) you fail to repay a Credit Union loan on time; ; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; ; (7) someone with authority to do so requests us not to permit the withdrawal; or or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 3 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i1) withdrawals or transfers; or ii2) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders orders, including debit card/ATM withdrawals, which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (. We may limit or refuse a withdrawal in some situations, and will advise you accordingly: for example: 1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which wi thdrawal that is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 3 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments non -payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; ; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 3 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal withdrawal, or you have an established overdraft protection plan. Drafts Your “available funds” are equivalent to your account balance minus funds being held as a result of (i) pending authorizations or transactions, (ii) minimum balance requirements, and/or (iii) check holds (please refer to the Funds Availability disclosure for more information regarding check holds). Checks or other transfers transfer or payment orders which (“withdrawals”) that are drawn against insufficient available funds may will be subject to a service charge fees as set forth in our business account rate sheet(s) and fee schedule(s)the Fee Schedule. If there are sufficient available funds to cover some, some but not all, all of your withdrawalwithdrawal orders, we may allow those withdrawals for which there are sufficient funds. available funds in any order at our discretion. We may refuse to allow a withdrawal in some situations, and will advise you accordingly; for example: (1) a dispute between Account Owners the owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; or (6) if (non-corporate account) we receive notice that you have engaged in illegal account activity or account activity that the Credit Union reasonably believes may cause a depositor is deceased or (corporate account) loss to the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawalCredit Union. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you members to give written notice in writing of any intended withdrawals from any account of not less than seven (7) days and up to sixty (60) days in accordance with applicable law before such withdrawal, except for the funds in the Checking Account. In addition to the foregoing, if any intended withdrawals. Although we are required person should request a large cash withdrawal from the Credit Union (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by law the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to reserve the right Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further receipts or releases the Credit Union may require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this rightin connection with any such withdrawal.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal withdrawal, or you have an established overdraft protection plan. Drafts Your “available funds” are equivalent to your account balance minus funds being held as a result of (i) pending authorizations or transactions, (ii) minimum balance requirements, and/or (iii) check holds (please refer to the Funds Availability disclosure for more information regarding check holds). Checks or other transfers transfer or payment orders which (“withdrawals”) that are drawn against insufficient available funds may will be subject to a service charge fees as set forth in our business account rate sheet(s) and fee schedule(s)the Fee Schedule. If there are sufficient available funds to cover some, some but not all, all of your withdrawalwithdrawal orders, we may allow those withdrawals for which there are sufficient fundsavailable funds in any order at our discretion. (1) a dispute between Account Owners the owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; or (6) if (non-corporate account) we receive notice that you have engaged in illegal account activity or account activity that the Credit Union reasonably believes may cause a depositor is deceased or (corporate account) loss to the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawalCredit Union. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you members to give written notice in writing of any intended withdrawals from any account of not less than seven (7) days and up to sixty (60) days in accordance with applicable law before such withdrawal, except for the funds in the Checking Account. In addition to the foregoing, if any intended withdrawals. Although we are required person should request a large cash withdrawal from the Credit Union (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by law the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to reserve the right Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further receipts or releases the Credit Union may require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this rightin connection with any such withdrawal.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds.. We may limit or refuse a withdrawal in some situations, and will advise you accordingly; for example: (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); ; (2) a legal garnishment or attachment is served; ; (3) the account secures any obligation to us; ; (4) required documentation has not been presented; ; (5) you fail to repay a Credit Union loan on time; ; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; ; (7) someone with authority to do so requests us not to permit the withdrawal; or or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) calendar days to sixty (60) calendar days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days calendar days’ advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 2 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i1) withdrawals or transfers; or ii2) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders orders, including debit card/ATM withdrawals, which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (. We may limit or refuse a withdrawal in some situations, and will advise you accordingly: for example: 1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which that is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 2 contracts

Samples: Business Membership and Account Agreement, Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments non -payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have h ave an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals wi thdrawals for which there are sufficient funds. (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal)) ; (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; ; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances circ umstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before be fore any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 1 contract

Samples: Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's ’s negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 1 contract

Samples: Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments non -payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have h ave an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover some, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. (1) a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; ; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.

Appears in 1 contract

Samples: Business Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has a sufficient available funds Available Balance to cover the full amount of the withdrawal withdrawal, or you have an established overdraft protection plan. Drafts Your “Available Balance” is equivalent to your account balance minus funds being held as a result of (i) pending authorizations or transactions, (ii) minimum balance requirements, and/or (iii) check holds (please refer to the Funds Availability disclosure for more information regarding check holds). Checks or other transfers transfer or payment orders which (“withdrawals”) that are drawn against an insufficient funds may Available Balance will be subject to a service charge fees as set forth in our business account rate sheet(s) and fee schedule(s)the Fee Schedule. If there are is a sufficient funds Available Balance to cover some, some but not all, all of your withdrawalwithdrawal orders, we may allow those withdrawals for which there are is a sufficient fundsAvailable Balance in any order at our discretion. (1) a dispute between Account Owners the owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; or (6) if (non-corporate account) we receive notice that you have engaged in illegal account activity or account activity that the Credit Union reasonably believes may cause a depositor is deceased or (corporate account) loss to the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawalCredit Union. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you members to give written notice in writing of any intended withdrawals from any account of not less than seven (7) days and up to sixty (60) days in accordance with applicable law before such withdrawal, except for the funds in the Checking Account.‌ In addition to the foregoing, if any intended withdrawals. Although we are required person should request a large cash withdrawal from the Credit Union (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by law the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to reserve the right Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further receipts or releases the Credit Union may require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this rightin connection with any such withdrawal.

Appears in 1 contract

Samples: Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draft, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has a sufficient available funds Available Balance to cover the full amount of the withdrawal withdrawal, or you have an established overdraft protection plan. Drafts Your “Available Balance” is equivalent to your account balance minus funds being held as a result of (i) pending authorizations or transactions, (ii) minimum balance requirements, and/or (iii) check holds (please refer to the Funds Availability disclosure for more information regarding check holds). Checks or other transfers transfer or payment orders which (“withdrawals”) that are drawn against an insufficient funds may Available Balance will be subject to a service charge fees as set forth in our business account rate sheet(s) and fee schedule(s)the Fee Schedule. If there are is a sufficient funds Available Balance to cover some, some but not all, all of your withdrawalwithdrawal orders, we may allow those withdrawals for which there are is a sufficient fundsAvailable Balance in any order at our discretion. (1) a dispute between Account Owners the owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a Credit Union loan on time; or (6) if (non-corporate account) we receive notice that you have engaged in illegal account activity or account activity that the Credit Union reasonably believes may cause a depositor is deceased or (corporate account) loss to the corporation is in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawalCredit Union. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you members to give written notice in writing of any intended withdrawals from any account of not less than seven (7) days and up to sixty (60) days in accordance with applicable law before such withdrawal, except for the funds in the Checking Account. In addition to the foregoing, if any intended withdrawals. Although we are required person should request a large cash withdrawal from the Credit Union (the definition of which shall be within the Credit Union’s sole discretion) in lieu of other methods of transferring funds offered by law the Credit Union, the Member hereby releases the Credit Union from any and all liability, claims and demands whatsoever which arise from or in any way relate to reserve the right Member’s possession of any large sums of cash from the moment possession of same is made available to the Member; and Member will execute and deliver any further receipts or releases the Credit Union may require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this rightin connection with any such withdrawal.

Appears in 1 contract

Samples: Membership and Account Agreement

Withdrawal Restrictions. We reserve the right to restrict will pay checks or drafts, permit withdrawals or and make transfers from available funds in your account. The availability of funds in your account may be delayed as set out more fully in the Funds Availability Policy Disclosure. You must have sufficient funds available in your account, or be eligible for and shall enrolled in overdraft protection in connection with your account, in order to withdraw funds from your account. If a check, draft, item, or other transfer or payment order is presented against insufficient funds, we are entitled to dishonor the check, draft, item, or other transfer or payment order, unless you are eligible for and enrolled in our overdraft services, and you will be assessed a fee as specified in the Disclosures. In addition to the foregoing, there are a number of circumstances in which you may not be liable for any restrictive action we take regarding i) withdrawals or transfers; or ii) payments or non-payments of a share draftable to withdraw funds from your account, except for those damages which may arise solely as a result of the Credit Union's negligence. We permit withdrawals only if your account has sufficient available funds to cover the full amount of the withdrawal or you have an established overdraft protection plan. Drafts or other transfers or payment orders which are drawn against insufficient funds may be subject to a service charge as set forth in our business account rate sheet(s) and fee schedule(s). If there are sufficient funds to cover someincluding, but not all, of your withdrawal, we may allow those withdrawals for which there are sufficient funds. limited to occasions when (1) you attempt to withdraw or make a dispute between Account Owners (unless a court has ordered the Credit Union to allow the withdrawal)transfer request by any method we do not permit; (2) you, a legal garnishment signer, an agent, or attachment is servedany person fails to present authoritative documenta- tion or identification we require to access the account or make a withdrawal; (3) disputes or uncertainty occur over who owns the account secures any obligation to usor the funds held in the account; (4) required documentation has funds from deposits are not yet available for withdrawal or deposited checks have been presentedreturned unpaid and we have charged them back against the account; (5) you fail to repay a Credit Union loan on timefunds are held for debit card authorizations for purchases made but not yet settled; (6) if (non-corporate account) a depositor is deceased or (corporate account) the corporation is funds in bankruptcy proceedings or has been dissolved and the required disposition of the account has not been madeare held as security (collateral) for an obligation to us or to a third party subject to a valid depos- it account control agreement to which we are a party; (7) someone with authority the funds are held or offset under our consensual security interest, statutory lien rights, common law lien rights, or contractual lien rights provided for in this Agreement because you or another owner owes money to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. Although we are required by law to reserve the right to require seven (7) days advance notice prior to permitting withdrawals, we do not presently exercise this right.;

Appears in 1 contract

Samples: Membership and Account Agreement