Common use of Withdrawal Limitations Clause in Contracts

Withdrawal Limitations. The Credit Union will permit a withdrawal only if you have sufficient available funds in your account to cover the full amount of the withdrawal or have an established overdraft protection plan. Checks or other transfers; or payment orders which are drawn against insufficient available funds will be subject to a fee, set forth in the Consumer Product and Fee Disclosure. If there are sufficient available funds to cover some but not all of your withdrawal orders, the Credit Union may allow those withdrawals for which there are sufficient available funds in any order at the Credit Union’s discretion. The Credit Union may also refuse to allow a withdrawal in other cases including, but not limited to, the following: You will be advised of the reasons for refusal if such action is taken. The Credit Union reserves the right to require members to give notice in writing of any intended withdrawals from any account (except checks of not less than seven (7) days and up to 60 days as required by law before such withdrawal). If deemed necessary, the Credit Union reserves the right to limit cash withdrawals. Withdrawal limitations from your savings account and money market account are explained earlier in this Agreement.

Withdrawal Limitations. The Credit Union will permit a withdrawal only if you have sufficient available funds in your account to cover the full amount of the withdrawal or have an established overdraft protection transfer or Courtesy Pay plan. Checks or other transfers; transactions, or payment orders which are drawn against insufficient available funds funds, will be subject to a fee, set forth in the Consumer Product and & Fee Disclosure. If there are sufficient available funds to cover some but not all of your withdrawal orders, the Credit Union may allow those withdrawals for which there are sufficient available funds in any order at the Credit Union’s discretion. The Credit Union may also refuse to allow a withdrawal in other cases including, but not limited to, the following: You will be advised of the reasons for refusal if such action is taken. The Credit Union reserves the right to require members to give notice in writing of any intended withdrawals from any account (except checks of not less than seven ([7) ] days and up to 60 sixty [60] days as required by law before such withdrawal). If deemed necessary, the Credit Union reserves the right to limit cash withdrawals. Withdrawal limitations from your savings account and money market account are explained earlier in the Savings Account section of this Agreement.