Common use of Automatic Transfers Clause in Contracts

Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through the Automated Clearing House). Please note that if federal recurring or other electronic payments are made to your account, the payments may be affected by a change in account status. If you plan to transfer your account or change its status, please call us at ▇▇▇- ▇▇▇-▇▇▇▇ in advance, about the impact the change may have on your electronic fund transfer services. Your ability to transfer funds from savings and money market accounts is limited by federal regulations to six preauthorized electronic fund transfers, telephone transfers and automatic transfers to another account per monthly statement cycle. Each transfer or payment through Online Banking from your savings or money market account is counted as one of the six transfers permitted each statement period. You may be charged an excess activity fee each time you exceed the transaction limitations noted. Please refer to the Fee Schedule or call our Contact Center at ▇▇▇- ▇▇▇-▇▇▇▇ for details. Should excessive withdrawals or transfers continue on your savings or money market account, we may close your account or remove access to the account via transactions subject to the limitation including by preauthorized withdrawal or automatic transfer. Certain transfers using Online and Mobile Banking services may have limitations on the frequency or dollar amount of permitted transfers, as disclosed in the sections of this Agreement describing such services.

Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through the Automated Clearing House). Pre-authorized transfers do not include: • individual transfers we initiate under an agreement with you, but without your specific request (e.g., automatic savings and automatic loan payments to us from your account); or • transfers initiated by telephone. Please note that if federal recurring or other electronic payments are made to your account, the payments may be affected by a change in account status. If you plan to transfer your account or change its status, please call us at ▇▇▇- -▇▇▇-▇▇▇▇ in advance, about the impact the change may have on your electronic fund transfer services. Your ability to transfer funds from savings and money market accounts is limited by federal regulations to six preauthorized electronic fund transfers, telephone transfers and automatic transfers to another account per monthly statement cycle. Each transfer or payment through Online Banking from your savings or money market account is counted as one of the six transfers permitted each statement period. You may be charged an excess activity excessive transaction fee each time you exceed the transaction limitations noted. Please refer to the Fee Schedule or call our Contact Center at ▇▇▇- -▇▇▇-▇▇▇▇ for details. Should excessive withdrawals or transfers continue on your savings or money market account, we may close your account or remove access to the account via transactions subject to the limitation including by preauthorized withdrawal or automatic transfer. Certain transfers using Online and Mobile Banking services may have limitations on the frequency or dollar amount of permitted transfers, as disclosed in the sections of this Agreement describing such services.