Common use of Automatic Transfer Service Clause in Contracts

Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your accounts with us to one or more other accounts that you have with us, or to repay a loan that you have with us. Federal regulation places limits on the number of automated transfers you can make from your savings and money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. If a scheduled transfer falls on a weekend or bank holiday, it may be made the next business day. You agree to maintain a sufficient available balance in the account(s) from which transfers will be made. If you do not maintain a sufficient available balance in such account(s), we may, in our sole discretion, complete the transfer of the amount requested, thereby creating an overdraft on the account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) immediately. Alternatively, if you do not have enough available funds in your account to complete the transfer, we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five (5) business days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.

Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your accounts with us to one or more other accounts that you have with us, or to repay a loan that you have with us. Federal As is discussed elsewhere in this Agreement, federal regulation places limits on the number of automated transfers you can make from your savings and or money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. However, loan payment transfers must be made on the loan due date each month. If a scheduled transfer falls on a weekend or bank holiday, holiday it may be made the next business day. You agree to maintain a sufficient available balance in the account(s) from which transfers will be made. If you do not maintain a sufficient available balance in such account(s), ) we may, in our sole discretion, complete the transfer of the amount requested, requested thereby creating an overdraft on the account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) fee immediately. Alternatively, if you do not have enough available funds in your account to complete the transfer, transfer we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five three (53) business days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.

Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your accounts with us to one or more other accounts that you have with us, or to repay a loan that you have with us. Federal As is discussed elsewhere in this Agreement, federal regulation places limits on the number of automated transfers you can make from your savings and or money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. However, loan payment transfers must be made on the loan due date each month. If a scheduled transfer falls on a weekend or bank holiday, holiday it may be made the next business day. You agree to maintain a sufficient available balance in the account(s) from which transfers will be made. If you do not maintain a sufficient available balance in such account(s), ) we may, in our sole discretion, complete the transfer of the amount requested, requested thereby creating an overdraft on the account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) Overdraft/NSF Charge immediately. Alternatively, if you do not have enough available funds in your account to complete the transfer, transfer we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five three (53) business days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.

Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your accounts with us to one or more other accounts that you have with us, or to repay a loan that you have with us. Federal regulation places However, there are limits on the number of automated transfers you can make from your savings and money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. If a scheduled transfer falls on a weekend or bank holiday, it may be made the next business day. You agree to maintain a sufficient available balance in the account(s) from which transfers will be made. (See the explanation of how we determine your “available balance” in the “Overdraft” section of this Personal Deposit Account Agreement.) If you do not maintain a sufficient available balance in such account(s), we may, in our sole discretion, complete the transfer of the amount requested, thereby creating an overdraft on the account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) immediately. Alternatively, if you do not have enough available funds in your account to complete the transfer, we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five (5) business days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.

Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your deposit accounts with us to one or more other deposit accounts that you have with us, or to repay a loan that you have with us. Federal regulation places limits on the number of automated transfers you can make from your savings and money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. If a scheduled transfer falls on a weekend or bank holiday, it may be made the next business dayBusiness Day. You agree to maintain a sufficient available balance in the deposit account(s) from which transfers will be made. If you do not maintain a sufficient available balance in such deposit account(s), we may, in our sole discretion, complete the transfer of the amount requested, thereby creating an overdraft on the deposit account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) immediately. Alternatively, if you do not have enough available funds in your deposit account to complete the transfer, we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five (5) business days Business Days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.