Common use of HOME BANKING TRANSACTIONS Clause in Contracts

HOME BANKING TRANSACTIONS. At the present time, You may use Home Banking in conjunction with Your Access Code and a personal computer for the following services: (a) transfer funds between Your share and share draft Accounts; (b) make payments from Your share and share draft Accounts to Your loan accounts with Us; (c) make a check withdrawal from Your share and share draft Accounts; (d) make advances on Your line of credit with Us; and (e) obtain balance, deposit, withdrawal and transaction information on Your credit accounts and deposit Accounts with Us. Home Banking operates 24 hours every day. You may also use Home Banking to access the Bill Pay service and authorize the Credit Union to issue payments in amounts up to $10,000.00 on Your behalf (cumulative amounts not to exceed $10,000.00 during each 24 consecutive hour period), except to the extent that such payments are for governmental agencies, state and local taxing authorities, court-ordered payment and/or addresses outside the United States of America. You authorize Us to post any such payments requested by You to Your Account(s). Payments requested by You through the use of Our Bill Pay service will be made either by share draft or electronic transfer and may take as long as 5 business days to be sent to the payee. The Credit Union can not guarantee the time any payment will reach any of Your creditors and accepts no liability for any service fees or late charges incurred by You. You may cancel a transaction scheduled for a future date only if We receive Your request for cancellation in time to stop the identified transaction. If You request such a cancellation and We are unable to process Your request, We will (but are under no obligation to do so) attempt to notify You prior to the posting of that transaction. You agree that once You have initiated a transaction, the Credit Union will have no liability for failure to fulfill Your request for stop payment. Transactions scheduled to take place on a weekend, holiday or a date that does not exist in a given month (e.g. February 30th or June 31st) will occur on the 2nd business day following such date. If You attempt to use the system and are told that "the system is not available", please try again later when service is restored.

Appears in 2 contracts

Samples: Is Your Electronic Services Agreement, www.schoolsfcu.org

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HOME BANKING TRANSACTIONS. At the present time, You may use Home Banking in conjunction with Your Access Code and a personal computer for the following services: (a) transfer funds between Your share and share draft Accounts; (b) make payments from Your share and share draft Accounts to Your loan accounts with Us; (c) make a check withdrawal from Your share and share draft Accounts; (d) make advances on Your line of credit with Us; and (e) obtain balance, deposit, withdrawal and transaction information on Your credit accounts and deposit Accounts with Us. Home Banking operates 24 hours every day. You may also use Home Banking to access the Bill Pay service and authorize the Credit Union to issue payments in amounts up to $10,000.00 on Your behalf (cumulative amounts not to exceed $10,000.00 during each 24 consecutive hour period), except to the extent that such payments are for governmental agencies, state and local taxing authorities, court-ordered payment and/or addresses outside the United States of America. You authorize Us to post any such payments requested by You to Your Account(s). Payments requested by You through the use of Our Bill Pay service will be made either by share draft or electronic transfer and may take as long as 5 business days to be sent to the payee. The Credit Union can cannot guarantee the time any payment will reach any of Your creditors and accepts no liability for any service fees or late charges incurred by You. You may cancel a transaction scheduled for a future date only if We receive Your request for cancellation in time to stop the identified transaction. If You request such a cancellation and We are unable to process Your request, We will (but are under no obligation to do so) attempt to notify You prior to the posting of that transaction. You agree that once You have initiated a transaction, the Credit Union will have no liability for failure to fulfill Your request for stop payment. Transactions scheduled to take place on a weekend, holiday or a date that does not exist in a given month (e.g. February 30th or June 31st) will occur on the 2nd business day following such date. If You attempt to use the system and are told that "the system is not available", please try again later when service is restored.

Appears in 1 contract

Samples: Electronic Services Agreement

HOME BANKING TRANSACTIONS. At the present time, You may use Home Banking in conjunction with Your Access Code and a personal computer for the following services: (a) transfer funds between Your share and share draft Accounts; (b) make payments from Your share and share draft Accounts to Your loan accounts with Us; (c) make a check withdrawal from Your share and share draft Accounts; (d) make advances on Your line of credit with Us; and (e) obtain balance, deposit, withdrawal and transaction information on Your credit accounts and deposit Accounts with Us. Home Banking operates 24 hours every day. Through the use of the Mobile Banking platform You may access Magic Wrighter. Through the Magic Xxxxxxxx Account-To-Account (“A2A”) feature You may transfer funds from: (i) Your Credit Union checking account(s) to other deposit accounts owned by You that are located at financial institutions outside of the Credit Union; and (ii) deposit accounts owned by You that are located at financial institutions outside of the Credit Union to Your Credit Union Accounts. The transfer of funds is subject to a maximum (incoming and outgoing combined) of: (a) $2,500.00 per business day; (b) $5,000.00 during each 10-consecutive calendar day period; (c) $10,000.00 during each 30-consecutive calendar day period; and (d) $10,000.00 during each 60-consecutive calendar day period. You may also use Home Banking to access the Bill Pay service and authorize the Credit Union to issue payments in amounts up to $10,000.00 5,000.00 on Your behalf (cumulative amounts not to exceed $10,000.00 5,000.00 during each 24 consecutive hour period), except to the extent that such payments are for governmental agencies, state and local taxing authorities, court-ordered payment and/or addresses outside the United States of America. You authorize Us to post any such payments requested by You to Your Account(s). Payments requested by You through the use of Our Bill Pay service will be made either by share draft or electronic transfer and may take as long as 5 business days to be sent to the payee. The Credit Union can cannot guarantee the time any payment will reach any of Your creditors and accepts no liability for any service fees or late charges incurred by You. You may cancel a transaction scheduled for a future date only if We receive Your request for cancellation in time to stop the identified transaction. If You request such a cancellation and We are unable to process Your request, We will (but are under no obligation to do so) attempt to notify You prior to the posting of that transaction. You agree that once You have initiated a transaction, the Credit Union will have no liability for failure to fulfill Your request for stop payment. Transactions scheduled to take place on a weekend, holiday or a date that does not exist in a given month (e.g. February 30th or June 31st) will occur on the 2nd business day following such date. If You attempt to use the system and are told that "the system is not available", ," please try again later when service is restored.

Appears in 1 contract

Samples: Electronic Services Agreement

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HOME BANKING TRANSACTIONS. At the present time, You may use Home Banking in conjunction with Your Access Code Code, an internet connection and a personal computer for to make the following servicestypes of transactions: (a) make loan payments to Us from Your share and share draft Account(s), and/or lines of credit; (b) transfer funds between Your share and share draft Accounts; (b) make payments from Your share and share draft Accounts to Your loan accounts Account(s), and/or lines of credit that You have with Us; (c) make a check withdrawal withdrawals from Your share and share draft Accounts; (d) make advances on Your line Account(s), and/or lines of credit that You have with Us; and (ed) obtain balance, deposit, withdrawal and transaction information make miscellaneous inquiries on Your credit accounts and deposit Accounts Account(s) with Us. Home Banking operates 24 hours every day. You may also use Home Banking to access the Bill Pay service and authorize the Credit Union to issue payments in amounts up to $10,000.00 on Your behalf (cumulative amounts not to exceed $10,000.00 during each 24 consecutive hour period), except to the extent that such payments are for governmental agencies, state and local taxing authorities, court-ordered payment and/or addresses outside the United States of America. You authorize Us to post any such payments requested by You to Your Account(s). Payments requested by You through the use of Our Bill Pay service will be made either by share draft or electronic transfer and may take as long as 5 business days to be sent to the payee. The Credit Union can not guarantee the time any payment will reach any of Your creditors and accepts no liability for any service fees or late charges incurred by You. You may cancel a transaction scheduled for a future date only if We receive Your request for cancellation in time to stop the identified transaction. If You request such a cancellation and We are unable to process Your request, We will (but are under no obligation to do so) attempt to notify You prior to the posting of that transaction. You agree that once You have initiated a transaction, the Credit Union will have no liability for failure to fulfill Your request for stop payment. Transactions scheduled to take place on a weekend, holiday or a date that does not exist in a given month (e.g. February 30th or June 31st) will occur on the 2nd business day following such date. If You attempt to use the system and are told that "the system is not available," please try again later when service is restored. You may also use the Home Banking platform to access the Internet Xxxx Xxxxx feature to: (a) authorize the Credit Union to issue payments on Your behalf; and (b) check the status of payments previously authorized through the Internet Xxxx Xxxxx system. By completing a Bill Pay transaction using the Bill Pay system, You authorize Us to post any such payments to Your share draft Account. Payments will be limited to $5,000.00 per payment with a maximum of $10,000.00 per day. Payments will be made by check or electronic transfer and will be sent to the payee on the business day You designate it be sent. If You schedule a payment to be paid on a business day that We are open, We will consider that day to be the day of Your request. However, if You schedule a payment to be paid on a day We are not open, We will consider that the request was made on the next business day We are open. The Credit Union cannot guarantee the time any payment will reach any of Your payees and accepts no liability for any service fees or late charges levied against You. Payments requested to be sent on dates that do not exist in a given month (e.g. February 30th or April 31st), or fall on Saturdays, Sundays, federal reserve and other Credit Union observed holidays will also be sent on the next business day. Internet Xxxx Xxxxx operates 24 hours every day. If You attempt to use the system and are told that ", the system is not available," please try again later when service is restored.

Appears in 1 contract

Samples: Electronic Services Agreement

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