LIMITATIONS ON CERTAIN FUNDS TRANSFERS
Pursuant to federal law Summer Saver and Liquid Advantage Money Market share accounts are limited in certain transactions. A combined maximum of six transfers per month may be made from these shares by the following methods:
- Online Banking transfers
- Mobile Banking transfer
- Overdraft Protection transfer1
- Telephone transfer
- Preauthorized transfer1
- Transactions requested by fax
- ACH debit1
- Money Market Check
Online transfers are transfers from Summer Saver or Money Market shares to other SchoolsFirst FCU shares initiated through our Online Banking system. Telephone transfers are transfers initiated by a personal telephone call or by using TellerPhone. Mobile Banking transfers are transfers initiated through the Mobile Banking App or Mobile Website. Preauthorized transfers are transfers made according to a specific agreement between a Member and us or another party. Examples of preauthorized transfers are automatic overdraft transfers from Money Market shares to other SchoolsFirst FCU shares, or regular electronic payments from Money Market shares made to a third party, such as health clubs, insurance companies, etc. "Check access" or "Money Market checks" refers to any checks you write on your Liquid Advantage Money Market share account.
You may make an unlimited number of transfers or withdrawals through the following methods:
1Not Available for Summer Saver
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