Transaction Limitation definition

Transaction Limitation. We reserve the right to, at any time, require not less than seven days’ notice in writing before each withdrawal from an interest-bearing account (other than a time deposit) or from any other savings account as defined by Regulation D.
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Transaction Limitation. We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Nature of dividends – Dividends are paid from current income and available earnings, after required transfer to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).
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Examples of Transaction Limitation in a sentence

  • Third-Party Transaction Limitation: For some accounts (see account terms), you may make up to six (6) transfers from your account per statement cycle to a third party or to another account of the depositor at Wellby, if by preauthorized or automatic transfer, telephone agreement, order or instruction.

  • Withdrawals from a Multi-Year Guaranteed Interest Fund may not be paid under a variable Installment Income Payment Plan (Option B) during that fund’s Transaction Limitation Period as shown on page 4.

  • Except for withdrawals from a Multi-Year Guaranteed Interest Fund during that fund’s Transaction Limitation Period as shown on Page 4, the amount of the Withdrawal Charge is equal to the sum of the Withdrawal Charges on all Net Purchase Payments.

  • Transfers of Accumulation Value from a Multi-Year Guaranteed Interest Fund will not be allowed during that fund’s Transaction Limitation Period as shown on Page 4.

  • For withdrawals from a Multi-Year Guaranteed Interest Fund during that fund’s Transaction Limitation Period as shown on Page 4: • the Withdrawal Charge is a percentage of the Accumulation Value withdrawn as shown on Page 4.

  • The Withdrawal Charge Free Amount is not available for amounts withdrawn from a Multi-Year Guaranteed Interest Fund during that fund’s Transaction Limitation Period as shown on Page 4.

  • Transfers of Accumulation Value from a Multi-Year Guaranteed Interest Fund will not be allowed during that fund’s Transaction Limitation Period as shown on page 4.

  • Transaction Limitation: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

  • The Withdrawal Charge Free Amount is not available for amounts withdrawn from a Multi-Year Guaranteed Interest Fund during that fund’s Transaction Limitation Period as shown on page 4.

  • Transaction Limitation- We reserve the right to at any time require not less than seven days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.