External Funds Transfers Sample Clauses
The External Funds Transfers clause governs the process by which funds are moved between accounts at different financial institutions. It typically outlines the procedures, requirements, and limitations for initiating such transfers, including authorization protocols, timing, and any applicable fees. For example, it may specify that transfers can only be made to pre-approved external accounts or set daily transfer limits. The core function of this clause is to ensure secure, authorized, and clearly defined processes for moving money externally, thereby reducing the risk of fraud and misunderstandings.
External Funds Transfers. Within the Online Banking service, you may separately enroll for the External Funds Transfer service for transferring funds between your linked personal deposit accounts at the Credit Union and certain deposit or card accounts at other financial institutions. The accounts at other financial institutions to or from which you request transfers are funds transfer accounts ("FT Accounts "). An "Inbound transfer" moves funds into your Credit Union account from an FT Account. An "Outbound transfer" moves funds from your Credit Union account to an FT Account. You will need to register each of your FT accounts that you wish to use for these transfers. You agree that you will only register accounts for which you have the authority to transfer funds.
External Funds Transfers. The transfer of funds between your Accounts with us and your accounts at another financial institution (“Eligible Accounts”), assuming that your other financial institution and the law permits the transfer is a Service (“External Transfer”) we offer you. You may transfer funds only between accounts where you are an owner of both accounts and the terms and conditions of the accounts allow deposits and/or withdrawals of the type you are initiating. External Transfers may not be available for Accounts open for less than 30 days. By accepting this Agreement, you authorize us to verify your identity by obtaining personal and account information from any financial institution that you register for the External Transfer Service. We reserve the right to deny access to the External Transfer Service if we cannot verify your identity or other necessary information. We may approve or decline your application for External Transfers based upon our review of your Account or the information provided. Once you are approved for External Transfers, we may verify your Accounts that you add to the Service from time to time. You authorize us to validate the Accounts by using test transfers and your verification of these transfers. By using this Service, you represent and warrant to us that you are the rightful owner of the Eligible Accounts and that you are authorizing us to access such accounts to complete transfers that are initiated using your user ID and password. You also warrant that you have access to the accounts you are registering for the Service. You authorize us to affect small dollar funds transfers for validation purposes, and you assure us that by disclosing and authorizing us to use such information you are not violating any third party rights. You warrant and represent that the information you are providing us is true, current, correct, and complete. You hereby authorize and permit us to use information submitted by you to accomplish these purposes and to configure the External Transfer service to be compatible with the Accounts. You authorize us to verify the content and authenticity of any funds transfer instruction for the purposes of security procedures applicable to Accounts. Once we have actual knowledge that you wish to cease using the External Transfer service and we have a reasonable opportunity to act on such knowledge, you will no longer be able to transfer funds online. You agree that we are not liable for any act we execute in good faith before we ...
External Funds Transfers. The Credit Union’s External Funds Transfer service enables you to transfer funds from accounts you maintain with other financial institutions to your One Nevada account(s), including ACH transfers to any loan or deposit account.
External Funds Transfers. The External Funds Transfer service allows you to transfer funds between your linked personal deposit accounts at First State Bank of Bedias and deposit or investment accounts (checking, savings, or money market accounts) at other financial institutions. An “
External Funds Transfers. You may use the Services to transfer funds to or from your eligible Account(s) with Bank to accounts held at other financial institutions. There is a separate enrollment process for this Service and it is subject to additional terms and conditions.
External Funds Transfers. Funds Transfers between Your Account at the Bank and an Account at another Financial Institution. External Funds Transfers (or “External Transfers”)
External Funds Transfers. You may use online banking to perform external transfers between eligible accounts. No single transaction shall exceed $5,000.00. The total amount of all external transfers in any one Business Day shall not exceed $5,000.00. You may make external funds transfers between eligible accounts by 6:00 p.m. CST on a Business Day. Transfers made after 6:00 p.m. will be processed on the next business day.
External Funds Transfers