Transaction Limitations and the Credit Union's Business Days Sample Clauses
The 'Transaction Limitations and the Credit Union’s Business Days' clause defines the restrictions on account transactions and specifies the days when the credit union is operational for processing such transactions. It typically outlines which types of transactions may be limited, such as the number of withdrawals or transfers allowed per month, and clarifies which days are considered business days for the purposes of processing deposits, withdrawals, and other account activities. This clause ensures that members understand when their transactions will be processed and what limitations may apply, thereby preventing confusion and helping manage expectations regarding account access and fund availability.
Transaction Limitations and the Credit Union's Business Days. Except as may be otherwise specifically provided in our Agreements, all transactions after our "daily cut-off time" and made on days that are not our business days as set forth in the Schedule will be treated, transmitted, recorded, etc., as applicable and appropriate as if received on the next business day that we are open. Deposits, orders, instructions, requests, etc., received by mail, electronically, at an unstaffed facility, or outside depository will be processed and credited only when actually received by us, and we shall have no responsibility until we actually receive the item.