Transfers from Money Market Accounts. Federal regulations limit the number of preauthorized electronic fund transfers and telephone transfers - including Online Banking transactions - from money market deposit and savings accounts. You are limited to six (6) preauthorized electronic fund transfers, telephone transfers, checks and point-of-sale transactions per statement cycle. Of these six (6) transactions, you are limited to only three (3) transactions by check or point-of-sale. (For information on these accounts, see the applicable account agreement.) Each transfer or payment through the Online Banking services from your money market account is counted as one of the six (6) limited transfers you're permitted each statement period. We charge a fee for each transaction in excess of this limit and if exceed the limit three times we may close your account. Payments to your Citizens State Bank loans are counted toward this limit for money market accounts. We recommend that you not use a money market account as your bill payment account because of these restrictions.
Transfers from Money Market Accounts. Federal regulations limit the number of preauthorized electronic fund transfers and telephone transfers - including Online Banking transactions - from money market deposit and savings accounts. You may make no more than six (6) preauthorized withdrawals, automatic or telephone transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. Transfers and withdrawals made in person, by messenger or by mail are unlimited. Payments to your Dakota Heritage Bank of North Dakota loans are counted toward this limit for money market accounts. We recommend that you not use a money market account as your bill payment account because of these restrictions.
Transfers from Money Market Accounts. Federal regulations and the Business Account and Electronic Services Agreement impose limits on the number of certain types of withdrawals and transfers you can make each month from a savings and money market account. You can make no more than a total of six (6) automatic or preauthorized transfers, telephone transfers, Business Mobile Banking transfers or payments, or withdrawals made by debit card or check from a savings or money market account each monthly state- ment cycle (each month for savings accounts with a quarterly statement cycle). Each transfer or payment through the Business Mobile Banking services from your savings or money market account is counted as one of the six limited transfers you are permitted each statement period. We recommend that you not use a savings or money market account as your xxxx payment account because of these limits on transfers. Please review the Business Account and Electronic Services Agreement for your account for more information. Contact by RFCU or Affiliated Parties No RFCU or Payee employee, nor any company affiliated with RFCU mobile will contact you via email or phone requesting your Business Mobile Banking ID or Business Mobile Banking passcode. If you are contacted by anyone requesting this information, please contact us immediately.
Transfers from Money Market Accounts i) Federal regulations limit the number of preauthorized electronic fund and telephone transfers per statement period. This includes Online Banking Services transactions from money market deposit and savings accounts. You are limited to three preauthorized electronic fund transfers, telephone transfers, checks and point-of-sale transactions per statement cycle. (For information on these accounts, see the applicable account agreement.) Each transfer or payment through the Online Banking Services from your money market account is counted as one of the three limited transfers you are permitted each statement period. This includes payments to your CBT loans from Money Market Accounts. A fee is assessed for each transaction in excess of this limit.
