Any automatic or electronic withdrawals from a Savings account, Money Market account, or Certificate will be subject to an excessive transfer fee once the limit of 6 transactions per month is reached. Examples of transactions that count towards the Excessive Transfer Fee are:
- Transfers made using Online or Mobile Banking
- Transfers made using our automated Telephone Banking
- Transfers made by a Member Service Representative when calling our Contact Center
- Overdraft transfers (made automatically to cover insufficient funds in other accounts)
- Pre-authorized, automatic, scheduled or recurring transfers (called ACH withdrawals)
- POS Transactions (transactions using a Cash Card or Debit Card)
- Automatic transfers between accounts
- Checks written from a Money Market account. Checks count against the month in which they clear, not in which they were written