Common use of Additional Transaction Limitations Clause in Contracts

Additional Transaction Limitations. For all Accounts (except share draft Accounts), during any calendar month, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For all dividend-bearing Accounts (except Share Certificate and IRA Share Certificate), the dividend period is Monthly, and dividends will be compounded and credited to Your Account Monthly. For Share Certificate and IRA Share Certificate Accounts, the dividend period is Monthly, and dividends will be compounded Daily and credited to Your Account Monthly.

Additional Transaction Limitations. For all Accounts (except share draft Accounts), during any calendar month, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-pre- authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum daily balance requirement for Your Account. For all dividend-bearing Accounts (except Share Certificate and IRA Share CertificateAccounts), the dividend period is Monthly, monthly and dividends will be compounded and credited to Your Account Monthlymonthly. For Share Certificate and IRA Share Certificate Accounts, the dividend period is Monthly, monthly and dividends will be compounded Daily and credited to Your Account Monthlymonthly (unless You elect to have dividends credited to another account in which case dividends will not be compounded). You will not be paid any accrued but uncredited dividends at the time You close Your Account.