Common use of Balance Information Clause in Contracts

Balance Information. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. Limitations: You must deposit $200.00 to open this account. You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction, by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. Account Fees: A monthly service charge of $10.00 will be imposed if the balance in the account falls below $2,500.00 any day of the statement cycle. An excess withdrawal fee of $10.00 will be charged for each withdrawal in excess of six

Balance Information. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 10,000.00 in the account each day to obtain the disclosed annual percentage yield. Limitations: You must deposit $200.00 2,500.00 to open this account. You may make six (6) transfers from your account each statement cycle, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction, by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. Account Fees: A monthly service charge of $10.00 15.00 will be imposed if the balance in the account falls below $2,500.00 10,000.00 any day of the statement cycle. An excess withdrawal fee of $10.00 will be charged for each withdrawal in excess of six