Common use of External Funds Transfer Services Clause in Contracts

External Funds Transfer Services. We may allow you to Connect external accounts (accounts held at depository institutions other than us) that you own or for which you have unlimited authority to initiate deposits and withdrawals. By Connecting an external account, you authorize us to initiate automated clearinghouse debit or credit entries to such external account. By Connecting an external account you also certify that you are an owner or authorized on the external account with unlimited withdrawal or deposit rights on the depository institution’s records, to originate transfers to or from the account. You agree to provide us written documentation of your ownership of or unlimited authority regarding such external Connected Accounts, as applicable, upon our request. You are required to remove any external Connected Account if closed or your withdrawal rights are limited or removed from such external Connected Account so to un-enable from Online Banking Services. You acknowledge that all transactions involving external Connected Accounts must comply with Applicable Law. The offsetting entries for any transfer to or from an external Connected Account must be made to or from a Customer Account. Transfers between external Connected Accounts are prohibited. When initiating a transfer to or from an external Connected Account, if you are not an owner of such account, you certify that you have

Appears in 2 contracts

Samples: Texas First, Texas First

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External Funds Transfer Services. We may allow you to Connect link external accounts (accounts held at depository institutions other than us) that you own or for which you have unlimited authority to initiate deposits and withdrawals. By Connecting linking an external account, you authorize us to initiate automated clearinghouse debit or credit entries to such external account. By Connecting linking an external account you also certify that you are an owner or authorized on the external account with unlimited withdrawal or deposit rights on the depository institution’s records, to originate transfers to or from the account. You agree to provide us written documentation of your ownership of or unlimited authority regarding such external Connected Accountslinked accounts, as applicable, upon our request. You are required to remove notify us if any external Connected Account if linked account is closed or your withdrawal rights are limited or removed from so such external Connected Account so to un-enable linked account may be unlinked from Online Banking Services. You acknowledge that all transactions involving external Connected Accounts linked accounts must comply with Applicable Law. The offsetting entries for any transfer to or from an external Connected Account must be made to or from a Customer Account. Transfers between external Connected Accounts are prohibited. When initiating a transfer to or from an external Connected Accountlinked account, if you are not an owner of such account, you certify that you havehave full authority to initiate such transfer and that such transfer has been authorized by any and all necessary Persons.

Appears in 2 contracts

Samples: By Clicking, By Clicking

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