Common use of External Transfer Clause in Contracts

External Transfer. External Transfer Service permits you to transfer money from your designated Personal Online Banking Account to/from your personal account(s) at other U.S. financial institutions. This service is subject to the ACH rules and regulations governing funds transfers. Transfers using this service can only be made to and from personal accounts which have the same accountholder. Once the transfer is completed you cannot stop or reverse such transfer. You cannot use this service in combination with an internal transfer. In other words, if you conduct an internal transfer of funds, such funds cannot be then immediately transferred out using the External Transfer Service, and vice versa. There are limits on the amount of money you can send or receive through our Service. Generally, your Outbound External Transfer daily limit is $5,000 and monthly limit is $10,000; and your Inbound External Transfer daily limit is $2,000 and monthly limit is $5,000. Your limits may be adjusted from time-to-time, including complete suspension or revocation of service, at our sole discretion. It may take up to 3 to 5 business days for your External Transfer to be completed.