Fund Transfer Restrictions.

If you do not intend to transfer money out of your Popular Direct High-Rise Savings account within the first 70 days of account opening these restrictions will not affect your account usage.

If you do intend to transfer money out of your Popular Direct High-Rise Savings account within the first 70 days of account opening you may only do so by initiating a transfer of funds to your linked external account within Popular Direct Online Banking or by calling the Popular Direct Care Center.

If you close your linked external account you will not be able to transfer funds out of your Popular Direct High-Rise Savings account until you have successfully linked a new external account, or until 70 days have elapsed following account opening, whichever occurs earlier.

We limit the transfer of funds out of your Popular Direct High-Rise Savings account to ensure the safety of your account and to prevent fraud.

No, there are no restrictions on transfers of funds into your Popular Direct High-Rise Savings account. You may deposit funds into your Popular Direct High-Rise Savings account from external accounts, through existing Popular Direct accounts and via mobile check deposit.

Your linked external account has gone through account validation with Popular Direct and is connected to your Popular Direct customer account. Within the first 70 days of your Popular Direct High-Rise Savings account opening transfers of funds out can only be made to your linked external account.

After the 70 days have elapsed there is no difference between what your linked external account and your other external accounts can do to transact with your Popular Direct High-Rise Savings account. However, your linked external account will affect other accounts that you may wish to open with Popular Direct.

If you wish to open other Popular Direct accounts, you must fund them via your linked external account. Any changes to your linked external account will impact how your next Popular Direct accounts are initially funded.

You may link one external account at a time to your Popular Direct customer account.

You may not change your linked external account within 60 days of another change, including during the setup and funding of your Popular Direct High-Rise Savings account. As such, we highly recommend that for the first 60 calendar days following your account opening the linked external account used to initially fund your Popular High-Rise Savings account remain active and open so you can transfer money out of your Popular Direct High-Rise Savings account if necessary.

After 70 days have elapsed following your account opening you may use any external accounts to initiate a transfer of funds into or out of your Popular Direct High-Rise Savings account. Until that time, as long as your linked external account is open, if you need to initiate a transfer of funds out of your Popular Direct High-Rise Savings account please visit Popular Direct Online Banking or call the Popular Direct Care Center.