CROSS ACCOUNT TRANSFERS. All accounts with County Federal that you enroll in a service may be linked by the member account numbers of the persons authorized to access the account. If you would like to link an account, please contact our Contact Center at 000-000-0000 or 000-000-0000 for assistance. The linked accounts will appear together without regard to the ownership for the accounts. For example, if an authorized user of a linked account accesses Online Banking, that authorized user will be able to view and access at a single time the accounts for which that person is an authorized user.
CROSS ACCOUNT TRANSFERS. If you own multiple business entities you may authorize at your discretion Cash Management Users to access multiple business accounts through one login and transfer between your businesses. You must adhere to all requirements as set forth in this Agreement, in its entirety, to ensure that your users have access you have authorized. Users conducting cross account transfers must be validated on their Cash Management login using a token and onetime password. Any transfer you make from your savings and money market account(s) will count toward the six transfers or payments per statement period permitted under the terms of your Deposit Account Agreement. Federal law limits the number of transactions from savings and money market deposit accounts to other accounts or third parties by preauthorized, automatic, or telephone transfers. You may make up to six (6) preauthorized, automatic, or telephone transfers from your savings or money market deposit accounts during any statement cycle. There is no limit on transfers to and from your business checking accounts. You are responsible for maintaining your accounts within the permissible limits. Line of Credit Transfers – If approved, you may transfer funds from your line of credit to an eligible account. Line of credit transfers are real-time and can be scheduled in advance and on a recurring basis. Each transfer from a line of credit is considered an advance and is subject to the terms and conditions of the line of credit agreement. By initiating the transfer, you authorize and direct us to charge the line of credit account without your signature, and to deposit the advance into the account you designate when you make the transfer. Transfer requests exceeding the available balance in the line of credit will be rejected. Transfers to pay down a line of credit are considered an unscheduled payment; therefore, the transfer may first satisfy any outstanding payment due with the remaining transfer balance applied directly to the outstanding principal balance.
