Common use of Purchase Limit Clause in Contracts

Purchase Limit. The purchase limit is the total amount of goods or services you are authorized to pay for each day from your deposit accounts by using your Debit Card. Cash back you may receive in connection with purchase transactions counts against your purchase limit. Cash back also includes: (a) purchases of money orders, cashier’s checks, or other similar instruments and other things of value, and (b) cash you obtain from a financial institution. Your purchase limit is generally in addition to your cash limit. For security purposes, we may place other restrictions on the purchase limit from time to time.