Common use of Electronic Funds Transfers Clause in Contracts

Electronic Funds Transfers. The only items processed through The Program are deposits from the brokerage account to The Program Banks, transfers among The Program Banks, and transfers back to the brokerage account from The Program Banks. The Program does not allow electronic funds transfers, ATM access, check-writing, deposit, point-of-sale terminal access, pre-authorized payments to third parties, access by credit or debit card or ACH transfers directly from The Program Bank Deposit Accounts.

Appears in 11 contracts

Samples: Customer Agreement, Customer Agreement, Account Application and Agreement

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