Qualification Cycle definition

Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle. Purpose and Expected Use of Account: This Kasasa Cash account is intended to be the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time-period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account’s rewards and thus will be deemed inappropriate transactions and will not count toward earning the account’s rewards. New Dimensions Federal Credit Union (NDFCU) reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion to meet their monthly qualifications may have their accounts converted to a different type of share draft account or closed altogether. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. The remaining balance, if applicable, will be transferred to your Primary Share account. Upon termination of your Kasasa Cash account, any optional add-on products or services associated with this account will also be terminated at the same time.
Qualification Cycle means the last day of the prior month through the second to last day of the current month. If monthly requirements are not met, we will pay the minimum rate on your Reward Checking account.
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the last business day of the month. Mondays through Saturdays are considered business days as it relates to processing and UCU is generally closed for business on all Federal Holidays. Please refer to the Qualification Cycle Calendar below for guidance.

Examples of Qualification Cycle in a sentence

  • Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior.

  • Cash rebates will be credited on the last day of the statement period after the Monthly Qualification Cycle.

  • Fee re- imbursements will be issued on the last day of the statement period after the Monthly Qualification Cycle.

  • If the account qualifications are met for a Monthly Qualification Cycle for the RedWallet Tunes Account, you will receive a refund of up to$10.00 (including applicable taxes) on iTunes or Amazon.com pur- chases made within 30 days after the end of the Monthly Qualifica- tion Cycle.

  • For any Kasasa checking account, if you have met your qualifica- tions during the Monthly Qualification Cycle, we will reimburse you for ATM fees imposed during the Monthly Qualification Cycle by our institution and other U.S. financial institutions.


More Definitions of Qualification Cycle

Qualification Cycle means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle.
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the last business day of the month. Mondays through Saturdays are considered business days as it relates to processing and UCU is generally closed for business on all Federal Holidays. See Membership Agreement for details and additional disclosures. Please refer to the Qualification Cycle Calendar below for guidance. 2020 Qualification Cycle Calendar January: Dec. 31 – Jan. 30 February: Jan. 31 – Feb. 28 March: Feb. 29 – Mar. 30 April: Mar. 31 – Apr. 29 May: Apr. 30 – May 30 June: May 31 – Jun. 29 July: Jun. 30 – Jul. 30 August: Jul. 31 – Aug. 30 September: Aug. 31 – Sep. 29 October: Sep. 30 – Oct. 30 November: Oct. 31 – Nov. 29 December: Nov. 30 – Dec. 30
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the last business day of the month. Mondays through Saturdays are considered business days as it relates to processing and UCU is generally closed for business on all Federal Holidays. Please refer to the Qualification Cycle Calendar below for guidance. 2020 Qualification Cycle Calendar January: Dec. 31 – Jan. 30 February: Jan. 31 – Feb. 28 March: Feb. 29 – Mar. 30 April: Mar. 31 – Apr. 29 May: Apr. 30 – May 30 June: May 31 – Jun. 29 July: Jun. 30 – Jul. 30 August: Jul. 31 – Aug. 30 September: Aug. 31 – Sep. 29 October: Sep. 30 – Oct. 30 November: Oct. 31 – Nov. 29 December: Nov. 30 – Dec. 30 The initial Qualification cycle begins on the day a Kasasa Cash Back checking account is opened or converted from an existing checking account. UCU ACCOUNT SERVICES FEES & INFORMATION Effective February 15, 2020 SAVINGS ACCOUNT FEES Early Closure Fee (less than 6 months) $5.00 Dormant Account Fee1 $5.00 per month CHECKING ACCOUNT FEES2 Electronic Services (eAlerts, eStatements, mobile banking & home banking) FREE Xxxx Xxxxx FREE Check deposits over 500 monthly $0.50 per item Check Copy $3.00 Check Imaging (online copy of check) FREE Check Printing Prices vary with quantity and design Check Printing (Achievement Accounts) One free box per 12 months Non-Sufficient Funds - Overdrawn $30.00 per item Automatic Transfer to clear from shares - Transfer $5.00 per item Overdraft Privilege – OD Privilege $30.00 per item AUTOMATED CLEARING HOUSE (ACH) FEES Non-Sufficient Funds - Overdrawn $30.00 per item ELECTRONIC FUNDS TRANSFER FEES ATM Transactions - FREE unlimited at all UCU and SurF Alliance Network ATMs - All other ATMs, four (4) free withdrawals per month and $2.00 per transaction thereafter Non-Sufficient Funds - Overdrawn $30.00 per item ATM/Visa® Check Card Replacement $8.00 per card Credit Card replacement $10.00 per card OTHER SERVICE FEES Account Reconciliation and Research $35.00 per hour Account History $3.00 Account Transfer by Phone $2.00 Copy of Statement $3.00 Returned Statement and Notices due to incorrect address $5.00 Returned eStatement due to incorrect email address $5.00 Non-member check cashing fee $5.00 Photo Copy Service $.50 per page (free for Achievement Accounts) Fax Transmittal $1.00 per page Abandoned Property Processing Fee $30.00 Loan Payment with a Credit Card over the phone or in lobby 3% of payment amount Foreign ...
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the last business day of the month. Mondays through Saturdays are considered business days as it relates to processing and UCU is generally closed for business on all Federal Holidays. Please refer to the Qualification Cycle Calendar below for guidance. 2020 Qualification Cycle Calendar January: Dec. 31 – Jan. 30 February: Jan. 31 – Feb. 28 March: Feb. 29 – Mar. 30 April: Mar. 31 – Apr. 29 May: Apr. 30 – May 30 June: May 31 – Jun. 29 July: Jun. 30 – Jul. 30 August: Jul. 31 – Aug. 30 September: Aug. 31 – Sep. 29 October: Sep. 30 – Oct. 30 November: Oct. 31 – Nov. 29 December: Nov. 30 – Dec. 30 The initial Qualification cycle begins on the day a Kasasa Cash checking account is opened or converted from an existing checking account. All new Kasasa Cash account holders will receive the benefit of the high rate through the end of that month. KASASA® TUNES TRUTH-IN-SAVINGS ACCOUNT DISCLOSURE There is no minimum balance required for Kasasa Tunes Checking. You will receive a bonus of iTunes® or Xxxxxx.xxx® downloads of $25.00 for opening a new Kasasa Tunes account. These downloads will be available on the day you open the account and will expire within 30 days of issuance. Maintenance Fee None Fee for check return (insufficient funds-per check) $30.00 Stop Payment Fee $15.00 Check printing (fee depends on style of checks ordered) If you have met your eligibility requirements for the qualification cycle month, we will refund domestic ATM fees up to $25.00. A $30.00 NSF/OD charge will be charged for each overdraft created by checks, ATM withdrawals, or by other electronic means as applicable. Domestic ATM Fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the statement cycle when the reimbursement was applicable. The collective total of all ATM fees that will be reimbursed for a qualification cycle will not exceed the $25.00 limit established for each qualification cycle. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. Note: ATM withdrawals do not count as qualifying debit card tr...
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle
Qualification Cycle means a period beginning one business day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle Fee Refunds If you have met your qualifications for the month, we will refund domestic ATM withdrawal fees up to $20.
Qualification Cycle ends one day prior to the last banking day of the Statement Cycle unless the statement cycle ends on a weekend. Additional Information No minimum deposit is required to open the account. Monthly enrollment in online banking and receipt of electronic statements are conditions of this account. This account is not to be used for commercial purposes and there is a limit of [1] account per social security number. There are no fees to open or close this account. There are no recurring monthly service charges associated with this account. See accompanying Account Fee Schedule for fees that may apply to this account. Contact a Sun Federal CU member service representative for additional information, details and enrollment instructions. Federally insured by NCUA. Kasasa Cash, Cash Back & Tunes are trademarks of BancVue, Ltd., registered in the U.S.A. iTunes is a registered trademark of Apple, Inc. Xxxxxx.xxx is a registered trademark of Xxxxxx.xxx. Google Play is a registered trademark of Google, Inc. Apple Inc., Xxxxxx.xxx and Google, Inc. are not participants in or sponsors of this program.