Common use of Settlement Schedule Clause in Contracts

Settlement Schedule. a.m. ET (1030 ET) ▇▇▇▇ ET (1200 ET) 1:00 p.m. ET (1300 ET) – same day 2:30 p.m. ET (1445 ET) 4:00 p.m. ET (1600 ET) 5:00 p.m. ET (1700 ET) – same day 4:30 p.m. ET (1645 ET) 5:30 p.m. ET (1730 ET) 6:00 p.m. ET (1800 ET) – same day SkyFi reserves the right to modify limits at any time for the purpose of risk management. SkyFi may also set limits lower than standard limits for new customers. Customers may contact SkyFi support to request an increase in limits, which will be considered on a case by case basis. Maximum Daily Limit $25,000 Maximum Monthly Limit N/A Maximum Daily Limit TBD Maximum Monthly Limit TBD Per Transaction Limit TBD Monthly Limit TBD Maximum Physical Cards per Bank Account 5 Maximum Virtual Cards per Bank Account 25 Maximum Purchase Amount per Transaction $100,000 Maximum Daily Purchase Amount $200,000 Maximum Monthly Purchase Amount $1,000,000 Maximum Cash Withdrawal per Transaction $500 Maximum Daily Cash Withdrawal Amount $500 Maximum Monthly Cash Withdrawal Amount $5,000 Maximum Number of Cash Withdrawals per Day $5,000 Customers may request higher limits if the standard limits are insufficient. We reserve the right to require enhanced due diligence in such cases. Transaction limits apply to those transactions initiated via SkyFi. Transactions initiated at external financial institutions, such as sending an ACH or Wire from an external bank to Program, do not count against these limits. Debit and prepaid card limits can be set separately upon creation of each card if lower limits are desired. New accounts may be subject to lower incoming funds limits for the first sixty days pending additional verification of external accounts and enhanced due diligence as we may require. You agree to pay for our services in accordance with the fees that apply to your account as stated in this section. SkyFi may choose to waive fees at our sole discretion. Your account is subject to the fees described below: Domestic Wires Incoming Outgoing $10 $30 International Wires Incoming Outgoing $20 $40 ACH Returns/NSF/Stop Check $30 Check returns $30 Physical Debit Cards Free Foreign Exchange Fee 1% of transaction amount Card Disputes $35/occurrence Monthly Service Fee Free Remote Check Deposits Free ACH Transfers Free Program to Program Transfers Free ATM Transactions No additional charge (you may be charged a fee by the ATM provider) Minimum Balance None If there are not enough funds in your account to cover the amounts you owe, the Bank may overdraw your account or debit fees from any account you hold with us as permitted by law. We or Bank may use deposits you or others make to your account (including deposits of payroll or government benefits if permitted by law) to pay any fees, overdrafts, and other amounts you owe us prior to posting other debits processed the same day. Some government payments (Social Security, Supplemental Security Income, Veterans and other federal and state benefits) may be protected from attachment, levy, or garnishment or other legal process under state or federal law. If such protections would otherwise apply to deductions we make for amounts owed to us, to the extent that you may do so by contract, you waive these protections and agree that we may use these funds to pay fees, overdrafts, and other amounts you owe us under this agreement.