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Can deposit any amount at any time. |
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Customers with checking accounts may make payments with automatic transfer. |
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The transfer will continue from year to year until the customer cancels it. |
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If customer chooses not to use automatic transfer, they will be issued a Christmas Club coupon book for deposits. |
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Interest accrues daily on collected balances and is paid at the end of the term. |
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Christmas Club check is mailed to customer on the date the bank designates as the closing date for that year. |
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Withdrawals cannot be made. |
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