Savings and Money Market Accounts. Federal law imposes limitations on the number of certain types of withdrawals from your Savings and Money
Savings and Money Market Accounts. Your ability to transfer funds between and/or make payments from certain Deposit Accounts is limited by law. For any Statement Savings Account(s) (including Money Market Accounts), you may make as many in-person withdrawals at a teller window or any ATM as you wish. However, federal regulations permit the depositor to make no more than a combined total of 6 pre-authorized, automatic, electronic (including computer initiated), telephone withdrawals or transfers, or by check, draft, debit card, or similar order payable to third parties in any monthly period. We may impose a fee, as disclosed on the Consumer Fee Schedule, for each such withdrawal in excess of 6 that you make in any monthly period. These fees will be reflected in your monthly statement. In addition, repeated violations will result in the Deposit Account being closed or changed from a savings type account to a transaction account.
Savings and Money Market Accounts. Federal regulation limits the number of certain transactions each statement cycle period involving money market and savings accounts. For information and limitations, please refer to the “LIMITATIONS ON WITHDRAWALS” section of this Agreement.
Savings and Money Market Accounts. You are not permitted in any statement cycle or calendar month, whichever period is shorter, to make more than six transfers or withdrawals from a savings or money market account to another account you have with us or to a third party by means of preauthorized or automatic transfers, or by means of telephonic (including data transmission) agreement, order or instruction, or by means of personal computer (including online banking and bill payment services), or by means of draft, check, Card, or similar order to a third party (to the extent permitted by the account).
Savings and Money Market Accounts. Eastern Bank imposes limitations on the number of certain types of withdrawals from your Savings and Money Market Accounts. In each monthly statement period, you may make no more than six (6) transfers and/or withdrawals by means of preauthorized, automatic telephone or computer instructions (including through online or mobile banking) or checks, when applicable. There are no limits on the number of transfers or withdrawals that you may make in person at any of our branches or at an ATM. We will impose a service charge for each transaction in excess of the Bank’s limit. Certificates of Deposit: Unless expressly permitted under the terms of the certificate, no deposits are permitted after the initial deposit except at time of renewal. Withdrawals may be subject to penalties. Certificates of Deposit Maturity Date: The term and maturity date of a Certificate of Deposit, if any, are shown on a separate document that we have provided to you. Withdrawals Before Maturity: Withdrawals made within the first six (6) calendar days of deposit must be charged a minimum of seven (7) calendar days’ simple interest on the amount withdrawn. There are penalties for withdrawals of principal before the maturity date of a Certificate of Deposit. On deposits with a term of less than 1 year, the penalty for early withdrawal is equal to 91 calendar days’ interest on the amount withdrawn. On deposits with a term of 1 year or more, the penalty for early withdrawal is one hundred eighty two (182) calendar days’ interest on the amount withdrawn. (Penalties may differ for Certificates of Deposit that were opened at another banking institution but have since been transferred to Eastern Bank. The original terms are grandfathered until the first renewal date following the Eastern Bank acquisition, at which time the terms of this Agreement will apply.) Interest posted to the account may be withdrawn without penalty before maturity on CDs with terms equal to or greater than twelve (12) months. CDs with maturities of less than twelve (12) months accrue interest, but it is not paid until maturity. If the withdrawal is made prior to maturity the interest will not be paid.
Savings and Money Market Accounts. Your ability to transfer funds between and make payments from certain Deposit Accounts is limited by law. For any Statement Savings Account(s) (including Money Market Accounts), you may make as many in-person withdrawals at a teller window or any ATM as you wish. However, federal regulations permit the depositor to make no more than a combined total of six pre-authorized, automatic, electronic (including computer initiated), telephone withdrawals or transfers, or by check, draft, debit card, or similar order payable to third parties in any monthly period. We may impose a fee, as disclosed on the Consumer Fee Schedule or Business Fee Schedule, as applicable, for each such withdrawal in excess of six that you make in any monthly period. These fees will be reflected in your monthly statement. Savings and Money Market Accounts with excess withdrawal activity more than three months within a consecutive 12-month period will be closed. Internal Transfers Funds can be transferred the same day or on a future date between your Eligible Deposit Accounts. Future-dated and recurring transfers are processed each calendar day between 9 PM and 11 PM Pacific Time. Same day transfers between Eligible Deposit Accounts are processed when received. If the transfer request is submitted prior to 11 PM Pacific Time it will be dated the same day. Transfer requests submitted after 11 PM Pacific Time will be dated the next Transaction Processing Day. FEES All account fees and charges apply to actions requested or performed through the Online and Mobile Services (see the Consumer Fee Schedule and Business Fee Schedule, as applicable, for a full listing of fees). We reserve the right to charge fees for any service provided through the Online and Mobile Service after we notify you. Unless otherwise required by law, you agree that any fees may be deducted automatically from your account (or any other account you have with us) if there are insufficient funds in that account. STOP PAYMENT ORDERS You can place stop payment orders using our Online Stop Payment service. To place a stop payment on a check or a series of checks, sign on to Online Banking and select the “Accounts” menu, then select “Stop Payment”. All information requested must be provided before we can process a stop payment. The terms and conditions governing stop payments are provided in the Personal Deposit Agreement or the Business Deposit Agreement applicable to your account. If you send us an online stop payment order,...
Savings and Money Market Accounts. TRANSFER LIMITATIONS - For savings and money market accounts you may make up to six transfers or withdrawals by means of a preauthorized, automatic, or telephonic transfer to another account of yours or to a third party or by check, debit card, or similar order to a third party during any calendar month (or statement cycle of at least four weeks). A preauthorized transfer includes any arrangement with us to pay a third party from your account at (i) a predetermined time; (ii) on a fixed schedule or (iii) upon oral or written orders including orders received through the automated clearing house (ACH). If the transfer or withdrawal is initiated in person, by mail, or at an ATM then there is no limit on the number of payments that may be made directly to you, directly to us for amounts you owe us, or transfers to other accounts you have with us. Withdrawals by phone are also unlimited if you are requesting that a check be mailed to you. More than 6 withdrawals per calendar month would be considered a violation of law and this agreement. Violations of this nature may result in us closing your account.
Savings and Money Market Accounts. Federal law imposes limitations on the number of certain types of withdrawals from your Savings and Money Market Accounts. In each monthly statement period, you may make no more than six (6) transfers and/or withdrawals by means of preauthorized, automatic telephone or computer instructions (including through online or mobile banking) or checks, when applicable. There are no limits on the number of transfers or withdrawals that you may make in person at any of our branches or at an ATM. We will impose an Exessive Transaction Fee for each transaction in excess of the allowable limit. If you exceed the permitted limit repeatedly, we may convert your account to a transaction account. If we convert your account, we will tell you that we have done so.
Savings and Money Market Accounts. During any calendar month you may not make more than a total of six (6) transfers from any Savings or Money Market Account to your other Logix accounts or to a third party by means of an Mobile Banking transfer, Online Banking transfer, preauthorized electronic funds transfer, automatic transfer, MoneyMover Service transfer, overdraft protection transfer, telephone order or instruction, request transmitted via facsimile machine, or transfer initiated through our Telephone Banking service. These limitations do not apply to transactions conducted at ATMs, in person, or by mail. Also, internal transfers to make payments to your Logix loans, and requests for withdrawals by check made payable to you, are excluded from this limitation. FINANCE CHARGES ON LOAN TRANSFERS: Each transfer made from your Logix Credit Card account, ReadyLine of Credit account, Home Equity Line of Credit, or any other revolving line of credit account you may have with us, is considered a cash advance. Finance charges begin to accrue from the effective date of each loan transfer in accordance with the terms of your credit agreement(s).
Savings and Money Market Accounts. If you close an account, you will no longer be able to view your account online, and therefore you won’t be able to view your Online Statements. Your final account statement will be produced on paper and mailed. You may request a copy of your current or a previous statement be mailed to you at your home address at any time. Please refer to the ProGrowth Service Fee Schedule for applicable fees. If you currently have statements mailed to an interested party, i.e., a statement mailed to your accountant, the mailing of a statement to that interested party will continue; however, you may also forward your statement to an interested party at your own discretion.
