Common use of Checking Accounts Clause in Contracts

Checking Accounts. These accounts consist of a transaction sub account and a savings sub account. Funds not routinely needed to pay debits may be transferred to a savings sub account. We may periodically transfer funds between these two accounts. If your account is dividend bearing, your dividend, your dividend calculation will remain the same. Otherwise, the savings sub account will be non-divided bearing. The savings sub account will be governed by the rules governing our other savings account indicated within this Agreement. This process will not affect your available balance, the dividends you may earn, NCUA protection insurance, your monthly statement, or any other features of these accounts.

Checking Accounts. These accounts consist of a transaction sub account and a savings sub account. Funds not routinely needed to pay debits may be transferred to a savings sub account. We may periodically transfer funds between these two accounts. If your account is dividend bearing, your dividend, your dividend calculation will remain the same. Otherwise, the savings sub account will be non-divided bearing. The savings sub account will be governed by the rules governing our other savings account indicated within this Agreement. This process will not affect atfect your available balance, the dividends you may earn, NCUA protection insurance, your monthly statement, or any other features of these accounts.