Common use of Funds Transfer Service Clause in Contracts

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution or credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the EXPEDITED FUNDS AVAILABILITY section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution institution, your Linked Account if applicable, or credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). In addition, and if applicable, the Funds Transfer Service may be used to transfer funds from your account with us to your Linked Account. Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the EXPEDITED FUNDS AVAILABILITY section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Please note that the transfer of funds from your Linked Account may involve the sale of investments or assets, which may result in taxable events for you. Transfers from your Linked Account will occur after all trades have settled and the funds requested are available in your Linked Account. As a result, transfers from your Linked Account to your checking account may take up to 5 business days to be posted to your checking account. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team us for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer funds from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees fees, and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution or credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). In addition, and if applicable, the Funds Transfer Service may be used to transfer funds between your account with us and your linked SPTC account. Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the “EXPEDITED FUNDS AVAILABILITY AVAILABILITY” section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution or credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). In addition, and if applicable, the Funds Transfer Service may be used to transfer funds between your account with us and your linked SPTC account. Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the “EXPEDITED FUNDS AVAILABILITY AVAILABILITY” section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team us for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer funds from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees fees, and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution or credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the EXPEDITED FUNDS AVAILABILITY section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team us for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer funds from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees fees, and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.

Funds Transfer Service. The Bank provides an electronic transfer service that allows you to securely transfer funds from an account at another financial institution (including your linked AssetMark Account) or a credit card to your account with us, and/or from your account with us to an account at another financial institution (“Funds Transfer Service”). In addition, and if applicable, the Funds Transfer Service may be used to transfer funds from your account with us to your linked AssetMark Account. Prior to use, you are required to register your external bank account and credit card for verification and security purposes. Once your Funds Transfer Service registration is active, please refer to the EXPEDITED FUNDS AVAILABILITY section of this Agreement to see when the funds will be available for your use in your account with us. By using the Funds Transfer Service, you agree that the Bank will transfer funds through ACH services and that the transaction is subject to completion upon our final review and verification. You agree that such requests constitute your authorization for such transfers. Your authorization is to remain in full force until the Bank has received written notification from you of its termination, you have electronically deleted a registered bank account or credit card from the Funds Transfer Service, or you have electronically cancelled an account and/or transfers from the Funds Transfer Service in such time and in such manner as to afford the Bank and the other financial institution a reasonable opportunity to act on it. Please note that the transfer of funds from your linked AssetMark Account may involve the sale of investments or assets, which may result in taxable events for you. Transfers from your AssetMark Account will occur after all trades have settled and the funds requested are available in your AssetMark Account. As a result, transfers from your AssetMark Account to your Checking Account may take up to 5 business days to be posted to your Checking Account. Use of the Funds Transfer Service may be subject to a fee in accordance with our Schedule of Fees. The Funds Transfer Service may not be available for all account types. Please contact the Client Experience Team for information on availability. By using the Funds Transfer Service, you are certifying that credit cards used to transfer from, and the registered external accounts that you transfer funds to and from, are under the same ownership as the account with us. In the event the accounts are not titled the same or ownership among the transferring accounts changes, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized. If any transfer you initiate is found to be unverifiable or cannot be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party’s account or registered as an external deposit account, before we detect it, we may without notice to you, place those funds on hold and debit your account, and return the funds to the third-party’s account in the form of a bank check or funds transfer, once we have confirmed the funds cleared the external account. If you use the Funds Transfer Service to transfer funds to or from an account that has multiple signers, you agree that each signer authorizes the other signers to (a) initiate the transfer of funds between your accounts with us, as permitted by the Funds Transfer Service, (b) register any external bank account or credit card, as permitted by the Funds Transfer Service, and (c) initiate the transfer of funds between your account(s) with us and any registered external bank account or credit card. This authority will cease only after we have received and have been given a reasonable amount of time to act on the appropriate documentation needed to change or remove the existing signers from the account. Each of the signers agrees to be jointly and severally liable to the Bank for any losses incurred as a result of the improper use of the Funds Transfer Service up to and including the transfer amount, any applicable fees and any legal expenses. Your funds transfer request will only be completed if you have sufficient funds in the account from which you wish to transfer funds and the accounts are linked for transfer capabilities. Funds transfer transactions are subject to dollar amount limitations, which are determined by us and may be set according to your account type and/or the type of funds transfer you are making. These limitations are set for security reasons and are not disclosed for that reason. Transfers may be delayed based on the time of the transaction and the type of transfer you are making. For example, if you submit a request to transfer $500 on Monday before 2:00 PM Eastern Time, you will have access to the funds on Friday morning. If you submit the request on Monday after 2:00 PM Eastern Time, you will have access to the funds on the following Monday morning. The Bank reserves the right to limit the number of external accounts that can be linked to your account for purposes of transferring funds; to limit functionality of the Funds Transfer Service by imposing limits, holds, or other measures; and to close your account if unlawful activity is suspected or found.