Common use of Book Transfers Clause in Contracts

Book Transfers. Security Administrators and designated Users will be able to transfer funds between your Eligible Accounts (“Book Transfers”) up to the Maximum Available Balance in such account as that phrase is defined in the Deposit Account Agreement. We can process a Book Transfer until 7 p.m. Central Time on a Transfer Day. If you schedule a Book Transfer for a future date, we will process the transaction after the close of business on that date, if that day is a Transfer Day. Your Book Transfer will be deducted on the date you instruct us to process them. If the date you schedule a transfer falls on weekend or holiday we will process your transaction on the next Transfer Day. We reserve the right to refuse to complete a Book Transfer between certain accounts for any reason, including, without limitation, if there are insufficient funds in your Account to make a transfer. We will promptly notify you if we refuse to complete your transfer instructions. If we process your Book Transfer and sufficient funds, including funds available under any overdraft protection plan, are not available in your Account on the date you want us to make the Book Transfer, you are responsible for any non-sufficient funds (“NSF”) charges that may apply. Customer may cancel a pending transfer, provided however, that Bank must receive your instruction to cancel prior to the cutoff time on the Transfer Day the transaction is scheduled to proceed. If we don’t receive your instruction to cancel a transaction before that time, we may process the transaction.

Book Transfers. Security Administrators and designated Users will be able to transfer funds between your Eligible Accounts (“Book Transfers”) up to the Maximum Available Balance in such account as that phrase is defined in the Deposit Account Agreement. We can process a Book Transfer until 7 p.m. Central Time on a Transfer Day. If you schedule a Book Transfer for a future date, we will process the transaction after the close of business on that date, if that day is a Transfer Day. Your Book Transfer will be deducted on the date you instruct us to process them. If the date you schedule a transfer falls on weekend or holiday we will process your transaction on the next Transfer Day. We reserve the right to refuse to complete a Book Transfer between certain accounts for any reason, including, without limitation, if there are insufficient funds in your Account to make a transfer. We will promptly notify you if we refuse to complete your transfer instructions. If we process your Book Transfer and sufficient funds, including funds available under any overdraft protection plan, are not available in your Account on the date you want us to make the Book Transfer, you are responsible for any non-sufficient funds (“NSF”) charges that may apply. Customer may cancel a pending transfer, provided however, that Bank must receive your instruction to cancel prior to the cutoff time on the Transfer Day the transaction is scheduled to proceed. If we don’t do not receive your instruction to cancel a transaction before that time, we may process the transaction.