Excessive Withdrawals Sample Clauses
The Excessive Withdrawals clause sets limits on the amount or frequency of withdrawals that can be made from an account or fund. Typically, this clause defines a threshold—such as a maximum dollar amount or number of withdrawals within a certain period—beyond which additional withdrawals may be restricted, penalized, or require special approval. Its core function is to prevent the depletion of funds too quickly, thereby protecting the financial stability of the account and ensuring that resources remain available for their intended long-term purpose.
Excessive Withdrawals. If during any period of five (5) consecutive Business Days the net withdrawals of deposits in Bank exceeds twenty percent (20%) of the total deposits of Bank as of the beginning of such five (5) consecutive Business Days.
Excessive Withdrawals. Alpine is required by law to monitor excessive withdrawals in Money Market and Statement Savings Accounts. We reserve the right to prevent transfers that exceed applicable withdrawal limits. In addition we may charge you a fee for each with withdrawal that exceeds the applicable limits during any statement cycle. If you repeatedly exceed the stated limits on a Money Market or Statement Savings Account, Alpine may notify you that it will no longer honor any withdrawals exceeding these limits and Alpine may terminate the account.
Excessive Withdrawals. Withdrawals outside standard month end distributions may incur a $100 charge per withdrawal. Annuity payments or standard direct debits are fee exempt.