Common use of Account Transfers Clause in Contracts

Account Transfers. This Service allows you to initiate transfers of funds between designated accounts that you maintain with us. You are responsible for ensuring there are sufficient available funds in accordance with the Funds Availability Section of the Deposit Agreement (“Available Funds”) in the account being debited on the date of the transfer. If there are insufficient available funds, the transfer may or may not be completed by us, and will be subject to overdraft fees, or overdraft protection transfer, or advance fees, as applicable. You are responsible for any financial liability resulting from account transfers. Transfers may be restricted by account type. Transaction limitations apply to savings and money market accounts. (See Deposit Agreement.)

Appears in 4 contracts

Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services Master Agreement

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