Limitations on Frequency of Debit Card Transactions and Cash Withdrawal Limits. Frequency of use limitations are imposed on card transactions for security reasons and for the protection of your account. You will be denied the use of your card if: ● You exceed the daily ATM withdrawal or purchase limit; ● You do not have sufficient available funds in your account; ● You do not enter your correct PIN; or ● You exceed the limit on the number of times you can use your card each day. The receipt provided by the ATM or merchant terminal will notify you of the denial. There is a limit on the number of such denials permitted, beyond which the machine may retain your card. The number of attempts that will cause the retention of your card is also not disclosed for security reasons. Your total withdrawal limit per calendar day is $510.00 for ATM and/or cashback during POS transactions. Your total limit for POS transactions is $5,000.00 worth of goods or services on any calendar day. Preauthorization Holds When your Ellevest Debit Card or other network enhancement feature related to the card is used at a point-of-sale location to obtain goods or services or obtain cash, the merchant may attempt to obtain a pre-authorization from us for the transaction. We may place a hold on your Bank Account for the amount of the preauthorization request for a duration based on the vendor type. This can range from 2 days to 30 days and may vary in some cases from the amount of the actual purchase, depending on the merchant’s request. If the preauthorization request varies from the amount of the actual transaction, payment of the transaction may not remove the hold, which will remain on the Bank Account until the end of the hold period. This hold may affect the availability of funds from your Bank Account to pay checks or for other Electronic Fund Transfers. We will not be responsible for damages for wrongful dishonor of any items that are not paid because of the hold.
Limitations on Frequency of Debit Card Transactions and Cash Withdrawal Limits. Frequency of use limitations are imposed on Card Transactions for security reasons and for the protection of your Account. You will be denied the use of your Card if: ● You exceed the daily ATM withdrawal or purchase limit; ● You do not have sufficient available funds in your Account; ● You do not enter your correct PIN; or ● You exceed the limit on the number of times you can use your Card each day. The receipt provided by the ATM or merchant terminal will notify you of the denial. There is a limit on the number of such denials permitted, beyond which the machine may retain your Card. The number of attempts that will cause the retention of your Card is also not disclosed for security reasons. You may not withdraw more than $250.00 cash at an ATM or during a POS purchase daily or purchase more than $2,500.00 worth of goods or services on any calendar day. These limits may change and can be found by contacting xxxxxxxxxxx@xxxxxxxxxxxxxxxx.xxx.
