(A) No person shall knowingly, with the intent to defraud, use a financial transaction devise to withdraw or transfer funds from a deposit account at any financial institution in violation of the contractual limitations imposed on the amount or frequency of withdrawals or transfers not in an amount exceeding the funds then on deposit in the account, the amount of funds withdrawn or transferred.
(B) A person violating this Section shall be guilty of a misdemeanor punishable by a fine of not more than $500 and/or imprisonment in the county jail for not more than 93 days.