Daily Processing Sample Clauses
The Daily Processing clause establishes the requirement for certain tasks, transactions, or data to be handled and completed on a daily basis. In practice, this means that activities such as updating records, processing payments, or managing information must occur every day, often within a specified timeframe. This clause ensures that operations remain current and efficient, minimizing delays and reducing the risk of errors or backlogs in ongoing processes.
Daily Processing a. At the end of each day, if the collected balance in the Account(s) exceeds the Target balance, then the Bank will reduce the collected balance to the Target balance and apply the difference (“Difference”) as follows:
I. If Customer has selected the line of credit sweep and an outstanding balance exists on the designated line of credit, the Difference will be applied as a payment on the line of credit in the manner prescribed by the line of credit agreement, up to the entire outstanding balance of the line of credit, and any remainder will be transferred to the selected investment option.
II. If Customer has not selected the line of credit sweep, or if an outstanding balance does not exist on the designated line of credit, then the Difference will be transferred to the selected investment option.
b. If the ending collected balance in the Account(s) is less than the Target balance and Customer has selected the line of credit sweep, then Bank will make a credit advance against the line of credit in the amount needed to restore the collected balance in the Account(s) to the Target balance, subject to the availability of approved credit remaining available in the line, and Bank will transfer that amount to the Customer’s Account(s).
Daily Processing a. At the end of each day, if the collected balance in the Account(s) exceeds the Target balance, then the Bank will reduce the collected balance to the Target balance and apply the difference (“Difference”) as follows:
I. If Customer has selected the line of credit sweep and an outstanding balance exists on the designated line of credit, the Difference will be applied as a payment on the line of credit in the manner prescribed by the line of credit agreement, up to the entire outstanding balance of the line of credit, and any remainder will be transferred to the selected investment option.
Daily Processing. Deadlines Funds Transfer Service Posting of Transfers
Daily Processing. On each day, Lender shall (and is hereby authorized by Borrower to) open and process all mail received in the Lock box.
Daily Processing. Deadlines
Daily Processing. Administrator shall transmit to Carrier all daily reports required by Schedule D, in computer readable form no later than midnight of the day covered by the report, and maintain capability to provide same in hard copy.
Daily Processing. DEADLINES Standard eTransfers requested by you, and received by BFSFCU or Cash Edge no later than 1:00 a.m. Eastern Time will be effective within three (3) business days after the day your initiate the transaction. Next-Day eTransfers requested by you and received by BFSFCU or Cash Edge no later than 6:00 p.m. Eastern Time will be effective on the next business day after the day you initiate the transaction. Weekends and holidays are excluded as business days. Transfer requests initiated after 6:00 p.m. Eastern Time will be treated as having been received on the next Business Day. eTRANSFER FEES (subject to change) eTransfer Limitations (subject to change) Each Transfer – The maximum amount you can transfer in a single transaction: $10,000 Daily Transfer – The maximum combined amount you can transfer in a day, across multiple transactions: $20,000 Monthly Transfer – The maximum combined amount you can transfer in a month, across multiple transactions. For purposes of eTransfers, a month is 30 days back from the latest time you can submit transfers today: $60,000 eTRANSFER DOLLAR LIMITS (subject to change) Standard and Next Day eTransfer to Self Inbound Limit Outbound Limit Standard and Next Day eTransfer to 3rd Party Inbound Limit Outbound Limit
Daily Processing. Deadlines Account information displayed through Internet Banking is the current information as of the previous business day. Funds transfers between Account(s) initiated on your computer using Internet Banking, and received by The Citizens Bank-Greensboro, Alabama by 11:00 A.M. Central Monday-Friday will be effective on the current business day. Funds transfers between Account(s) initiated on your computer using Internet Banking, and received by The Citizens Bank-Greensboro, Alabama by 11:00 A.M. on Thursday will be effective on the current business day. Funds transfers initiated on your computer and received after the above deadlines or all day Saturday, Sunday and banking holidays will be effective the following business day. Transfers cannot be canceled after the instruction is sent to us. Transfers are limited to a minimum of $.01 and a maximum of $99,999.99 per transaction. Withdrawal Transaction Limitations The restrictions on the number of withdrawals from your savings and money market Accounts apply to funds transfers between Accounts. Fees The following fees will be applicable to Internet Banking: • Viewing account information - no charge • Bill Payment- no charge • Transfers of funds between Accounts - will be subject to any fees applicable to withdrawals from your Account as stated in your Account's disclosures or The Citizens Bank-Greensboro, Alabama's fee schedule, as amended from time to time; and • All other services - fees for any other service made available or requested by you via this Site, will be as stated in The Citizens Bank-Greensboro, Alabama's fee schedule, as amended from time to time. BILL Payment Service It is easy to pay bills online. Simply set up your Payees by choosing from the database of vendors (Payees) that already exist, or by entering necessary information to schedule a payment. We are able to process payments to payees that have a U.S. Postal address. Payments to payees outside of the United States or its territories are prohibited. Due to liability issues, we will not accept payments to federal, state or local tax agencies. Otherwise, there is no limit to whom you pay or how many payees you may establish. We maintain a large vendor database of regional or national billers to make this process quicker and easier. The Bill Payment service will also allow you to see a history of all the payments made from your accounts. Your enrollment in the Bill Payment service constitutes your agreement for (The Citizens Bank)’s thi...
Daily Processing. USP will compile the Client transactions for the processing day USP will provide Client a remittance file formatted as instructed by Client USP will provide access to the daily remittance and reports files Memo posts of transactions (if applicable) are sent 24x7x365 Real time posts of transactions (if applicable) are sent 24x7x365 USP will complete daily remittance, reports and deposits on all open business days (business days are defined as Monday through Friday) Holiday processing and reports are provided on the next business after holidays. Holiday schedule: