Common use of Transactions Limitations Clause in Contracts

Transactions Limitations. Federal regulations require the Bank to limit the number of special withdrawals or transfers you make on savings or MMA accounts (which may, but need not, be conducted through the Online Banking Service or Money HQ External Transfers). The following limitations apply: You may make unlimited transfers from your MMA account to another of your accounts at Apple Bank, and unlimited withdrawals (payments directly to you) when such transfers or withdrawals are made in person, by mail, by messenger, or by using the Bank’s or a Shared Network Automated Teller Machine (“ATM”). Each month you may make up to six