Electronic Funds Transfers. By sending us an EFT request (whether by telephone, electronically or in writing), you authorize us to initiate such EFT on your behalf and to transmit payment instructions to the applicable bank. In our sole discretion, we may agree to accept a written instruction to initiate an EFT from your Account. We may refuse any withdrawal request that you attempt on forms not approved by us or by any method we do not specifically permit, or that does not include all information we require, or that would exceed any applicable frequency or dollar limits or cause your Account to be overdrawn. We reserve the right to establish (and change) maximum dollar limits for withdrawal transactions from time to time. Electronic funds transfers are normally completed within three (3) business days of your request. Information regarding your liability for EFTs and stop payment procedures for EFTs are more fully set out in Schedule 2 (Funds Availability, Transaction Limits and EFT Disclosures).
Appears in 7 contracts
Samples: Customer Account Agreement, Account Agreement, Deposit Account Agreement
