Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, and cancellation of Instruction(s) given by you or on your behalf through FSB Digital Banking: If an Instruction to make a Same Day non-recurring Funds Transfer is given through FSB Digital Banking: i. When transferring funds from certain Eligible or External Accounts to certain other Eligible or External Accounts, the Funds Transfer will be scheduled to be made on the day we receive the Instruction unless that day is not a Business Day or we receive the Instruction after 7:00 p.m. eastern standard time that day, in which case it will be scheduled to be made on our next Business Day; ii. The transfer may be charged against the Eligible Account from which it is to be made as early as the day we receive the Instruction; iii. The Instruction may not be changed or canceled; and iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer is given through FSB Digital Banking: i. The Instruction must schedule the transfer to be made on a specified date after the day we receive the Instruction; ii. The Funds Transfer will be scheduled to be made on the date indicated in the Instruction unless that day is not a Business Day, in which case it will be scheduled to be made on the next Business Day; iii. The Funds Transfer may be charged against the Eligible Account from which it is to be made as early as the date on which it is scheduled to be made; iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer is scheduled to be made; and v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information. If an Instruction to make a series of recurring Funds Transfers is given through FSB Digital Banking: i. The Instruction must provide for the transfers to be equal in amount and regular in frequency on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other week, monthly, quarterly, semi-annually or yearly basis and must schedule them to begin and end on specified dates after the day we receive the Instruction; ii. Each of the Funds Transfers will be scheduled to be made on the date indicated in the Instruction unless that day is not a Business Day, in which case it will be scheduled to be made on the next Business Day; iii. Each of the Funds Transfers may be charged against the Eligible Account as early as the date on which it is scheduled to be made; iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer is scheduled to be made; and v. To make a series of recurring Funds Transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction is given to make a non-recurring or recurring Funds Transfer to an Eligible Account from an External Account: i. You must first link the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information. ii. The Transfer of Funds to the Eligible Account will follow standard ACH processing rules.
Appears in 3 contracts
Samples: Digital Banking Agreement, Digital Banking Agreement, Digital Banking Agreement
Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, changing and cancellation of Instruction(s) Instructions given by you or on your behalf through FSB Digital Banking: In order to send funds using the Customer to Customer feature within FSB Digital Banking, you need the receiving customer’s last 4 digits of their FSB transactional deposit Account number and the receiving customer’s email address. If an Instruction to make a Same Day non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. When transferring funds from certain Eligible or External transactional deposit Accounts to another certain other Eligible or External Accountstransactional deposit Accounts not owned by you, the Funds Transfer transfer will be scheduled to be made on the day we receive the Instruction unless that day is not a Business Day or we receive the Instruction after 7:00 p.m. eastern standard time that day, in which case it will be scheduled to be made on our the next Business Day;
ii. The transfer may be charged against the Eligible Account from which it is to be made as early as the day we receive the Instruction;; and
iii. The Instruction may not be changed or canceled; and
iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must schedule the transfer to be made on a specified date after the day we receive the Instruction;
ii. The Funds Transfer transfer will be scheduled to be made on the date indicated in the Instruction indicates, unless that day date is not a Business Day, in which case it will be scheduled to be made on the our next Business Day;
iii. The Funds Transfer transfer may be charged against the Eligible Account from which it is to be made account as early as the date on which it is scheduled to be made;; and
iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and
v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information. If an Instruction to make a series of recurring Funds Transfers transfers of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must provide for the transfers to be equal in amount and regular in frequency on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other week, monthly, quarterly, semi-annually annually, or yearly basis and must schedule them to begin and end on specified dates after the day we receive the Instruction;
ii. Each of the Funds Transfers transfers will be scheduled to be made on the date indicated in the Instruction indicates unless that day date is not a Business Day, in which case it will be scheduled to be made on the next Business Day;
iii. Each of the Funds Transfers transfers may be charged against the Eligible Account as early as the date on which it is scheduled to be made;; and
iv. v. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and
v. To make a series of recurring Funds Transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction is given to make a non-recurring or recurring Funds Transfer to an Eligible Account from an External Account:
i. You must first link the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information.
ii. The Transfer of Funds to the Eligible Account will follow standard ACH processing rules.
Appears in 2 contracts
Samples: Digital Banking Agreement, Digital Banking Agreement
Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, changing and cancellation of Instruction(s) Instruction given by you or on your behalf through FSB Digital Banking: Bill Pay:
i. The Instruction must provide a Payee that is located in the United States, a payment not pursuant to a court order and a payment that is considered an eligible payment through Bill Pay;
ii. The Instruction may not provide for the payment to be made in other than United States currency;
iii. The Instruction may not provide for the payment to be more than the amount specified in the EFT; and
iv. The Instruction may be changed or canceled until 3:00 p.m. eastern standard time on the date the payment is scheduled to be made. If an Instruction to make a Same Day non-recurring Funds Transfer payment is given through FSB Digital BankingBill Pay:
i. When transferring funds from certain Eligible or External Accounts to certain other Eligible or External Accounts, the Funds Transfer v. The payment will be scheduled to be made on the day we receive the Instruction unless that except if the day we receive the instruction is not a Business Day or we receive the Instruction after 7:00 3:00 p.m. eastern standard time that daytime, in which case it will be scheduled to be made on our next Business Day;; and
iivi. The transfer payment may be charged against the Eligible Account from which it is to be made as early as the day date we receive the Instruction;
iii. The Instruction may not be changed or canceled; and
iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer payment is given through FSB Digital BankingBill Pay:
i. The Instruction must schedule the transfer payment to be made on a specified date on or after the day we receive the Instruction;
ii. The Funds Transfer payment will be scheduled to be made on the date indicated in the Instruction, except if Instruction unless provides for a date that day is not a Business Day, in which case it the payment will be scheduled to be made on the next prior Business Day;
iii. The Funds Transfer payment may be charged against the Eligible Account from which it is to be made as early as the date on which it is scheduled to be made;
iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on we receive the date on which the Funds Transfer is scheduled to be made; and
v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account informationInstruction. If an Instruction to make a series of recurring Funds Transfers payments is given through FSB Digital BankingBill Pay:
i. The Instruction must provide for the transfers to be equal in amount and regular in frequency payments on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other weekbiweekly, semi-monthly, monthly, quarterly, semi-annually semiannual or yearly annual basis and must schedule them to begin and end on a specified dates after the day we receive the Instructiondate;
ii. Each of the Funds Transfers payments will be scheduled to be made on the date indicated in the Instruction unless that day schedules it to be made, except if the date the payment is scheduled to be made is not a Business Day, in which case it the payment will be scheduled to be made on the next prior Business Day;.
iii. Each of the Funds Transfers payments may be charged against the Eligible Account as early as the date on which it is scheduled to be made;; and
iv. The Instruction may be changed or canceled with respect to any of the payments until 7:00 3:00 p.m. eastern standard time on the date on which the Funds Transfer payment is scheduled to be made; and
v. To make a series of recurring Funds Transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction is given to make a non-recurring or recurring Funds Transfer to an Eligible Account from an External Account:
i. You must first link the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information.
ii. The Transfer of Funds to the Eligible Account will follow standard ACH processing rules.
Appears in 2 contracts
Samples: Digital Banking Agreement, Digital Banking Agreement
Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, changing and cancellation of Instruction(s) Instructions given by you or on your behalf through FSB Digital Banking: In order to send funds using the Customer to Customer feature within FSB Digital Banking, you need the receiving customer’s last 4 digits of their FSB transactional deposit Account number and the receiving customer’s email address. If an Instruction to make a Same Day non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. When transferring funds from certain Eligible or External transactional deposit Accounts to another certain other Eligible or External Accountstransactional deposit Accounts not owned by you, the Funds Transfer transfer will be scheduled to be made on the day we receive the Instruction unless that day is not a Business Day or we receive the Instruction after 7:00 p.m. eastern standard time that day, in which case it will be scheduled to be made on our the next Business Day;
ii. The transfer may be charged against the Eligible Account from which it is to be made as early as the day we receive the Instruction;; and
iii. The Instruction may not be changed or canceled; and
iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must schedule the transfer to be made on a specified date after the day we receive the Instruction;
ii. The Funds Transfer transfer will be scheduled to be made on the date indicated in the Instruction indicates, unless that day date is not a Business Day, in which case it will be scheduled to be made on the our next Business Day;
iii. The Funds Transfer transfer may be charged against the Eligible Account from which it is to be made account as early as the date on which it is scheduled to be made;; and
iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and
v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information. If an Instruction to make a series of recurring Funds Transfers transfers of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must provide for the transfers to be equal in amount and regular in frequency on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other week, monthly, quarterly, semi-annually annually, or yearly basis and must schedule them to begin and end on specified dates after the day we receive the Instruction;
ii. Each of the Funds Transfers transfers will be scheduled to be made on the date indicated in the Instruction indicates unless that day date is not a Business Day, in which case it will be scheduled to be made on the next Business Day;
iii. Each of the Funds Transfers transfers may be charged against the Eligible Account as early as the date on which it is scheduled to be made;; and
iv. v. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and
v. To make a series of recurring Funds Transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction is given to make a non-recurring or recurring Funds Transfer to an Eligible Account from an External Account:
i. You must first link the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information.
ii. The Transfer of Funds to the Eligible Account will follow standard ACH processing rules.
Appears in 1 contract
Samples: Digital Banking Agreement
Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, changing and cancellation of Instruction(s) Instruction given by you or on your behalf through FSB Digital Banking: Xxxx Pay:
i. The Instruction must provide a Payee that is located in the United States, a payment not pursuant to a court order and a payment that is considered an eligible payment through Xxxx Pay;
ii. The Instruction may not provide for the payment to be made in other than United States currency;
iii. The Instruction may not provide for the payment to be more than the amount specified in the EFT; and
iv. The Instruction may be changed or canceled until 3:00 p.m. eastern standard time on the date the payment is scheduled to be made. If an Instruction to make a Same Day non-recurring Funds Transfer payment is given through FSB Digital BankingXxxx Pay:
i. When transferring funds from certain Eligible or External Accounts to certain other Eligible or External Accounts, the Funds Transfer v. The payment will be scheduled to be made on the day we receive the Instruction unless that except if the day we receive the instruction is not a Business Day or we receive the Instruction after 7:00 3:00 p.m. eastern standard time that daytime, in which case it will be scheduled to be made on our next Business Day;; and
iivi. The transfer payment may be charged against the Eligible Account from which it is to be made as early as the day date we receive the Instruction;
iii. The Instruction may not be changed or canceled; and
iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer payment is given through FSB Digital BankingXxxx Pay:
i. The Instruction must schedule the transfer payment to be made on a specified date on or after the day we receive the Instruction;
ii. The Funds Transfer payment will be scheduled to be made on the date indicated in the Instruction, except if Instruction unless provides for a date that day is not a Business Day, in which case it the payment will be scheduled to be made on the next prior Business Day;
iii. The Funds Transfer payment may be charged against the Eligible Account from which it is to be made as early as the date on which it is scheduled to be made;
iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on we receive the date on which the Funds Transfer is scheduled to be made; and
v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account informationInstruction. If an Instruction to make a series of recurring Funds Transfers payments is given through FSB Digital BankingXxxx Pay:
i. The Instruction must provide for the transfers to be equal in amount and regular in frequency payments on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other weekbiweekly, semi-monthly, monthly, quarterly, semi-annually semiannual or yearly annual basis and must schedule them to begin and end on a specified dates after the day we receive the Instructiondate;
ii. Each of the Funds Transfers payments will be scheduled to be made on the date indicated in the Instruction unless that day schedules it to be made, except if the date the payment is scheduled to be made is not a Business Day, in which case it the payment will be scheduled to be made on the next prior Business Day;.
iii. Each of the Funds Transfers payments may be charged against the Eligible Account as early as the date on which it is scheduled to be made;; and
iv. The Instruction may be changed or canceled with respect to any of the payments until 7:00 3:00 p.m. eastern standard time on the date on which the Funds Transfer payment is scheduled to be made; and
v. To make a series of recurring Funds Transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction is given to make a non-recurring or recurring Funds Transfer to an Eligible Account from an External Account:
i. You must first link the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information.
ii. The Transfer of Funds to the Eligible Account will follow standard ACH processing rules.
Appears in 1 contract
Samples: Digital Banking Agreement
Initiation, Processing, Charging, Changing and Cancellation. The following rules apply to the initiation, processing, charging, changing, changing and cancellation of Instruction(s) Instructions given by you or on your behalf through FSB Digital Banking: In order to send funds using the Customer to Customer feature within FSB Digital Banking, you need the receiving customer’s last 4 digits of their FSB transactional deposit Account number and the receiving customer’s email address. If an Instruction to make a Same Day non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. When transferring funds from certain Eligible or External transactional deposit Accounts to another certain other Eligible or External Accountstransactional deposit Accounts not owned by you, the Funds Transfer transfer will be scheduled to be made on the day we receive the Instruction unless that day is not a Business Day or we receive the Instruction after 7:00 p.m. eastern standard time that day, in which case it will be scheduled to be made on our the next Business Day;
ii. The transfer may be charged against the Eligible Account from which it is to be made as early as the day we receive the Instruction;; and
iii. The Instruction may not be changed or canceled; and
iv. To transfer funds to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. If an Instruction to make a future non-recurring Funds Transfer transfer of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must schedule the transfer to be made on a specified date after the day we receive the Instruction;
ii. The Funds Transfer transfer will be scheduled to be made on the date indicated in the Instruction indicates, unless that day date is not a Business Day, in which case it will be scheduled to be made on the our next Business Day;
iii. The Funds Transfer transfer may be charged against the Eligible Account from which it is to be made account as early as the date on which it is scheduled to be made;; and
iv. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and
v. To make a future non-recurring transfer to or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your bank account to verify correct External Account information. If an Instruction to make a series of recurring Funds Transfers transfers of funds is given through FSB Digital Bankingthe Customer to Customer feature:
i. The Instruction must provide for the transfers to be equal in amount and regular in frequency on a 1st of the month, last day of the month, 1st and 15th of the month, 15th and last day of the month, weekly, every other week, monthly, quarterly, semi-annually annually, or yearly basis and must schedule them to begin and end on specified dates after the day we receive the Instruction;
ii. Each of the Funds Transfers transfers will be scheduled to be made on the date indicated in the Instruction indicates unless that day date is not a Business Day, in which case it will be scheduled to be made on the next Business Day;
iii. Each of the Funds Transfers transfers may be charged against the Eligible Account as early as the date on which it is scheduled to be made;; and
iv. v. The Instruction may be changed or canceled until 7:00 p.m. eastern standard time on the date on which the Funds Transfer transfer is scheduled to be made; and.
v. To J. Limitations and other rules applicable to Funds Transfers, Xxxx Pay and Customer to Customer
a. Your responsibility for Instructions: You will be responsible for and bound by each Instruction provided by you, an Administrator, any Sub-User Administrator or anyone else on your behalf.
b. Prohibition of certain transaction: The Digital Services outlined in this section may not be used by you or on your behalf for any prohibited or unenforceable transaction (for example, an illegal gambling transaction, a purchase of an illegal product or a transaction with an individual, organization or government in which the federal government has imposed economic or trade sanctions), you waive any claim that the transaction should not have been charged against any Account or line of credit account of yours on the grounds that the transaction was prohibited or unenforceable, and you must indemnify us against any liability or expense that is incurred by, imposed on or asserted against us as a result of any claim arising out of the transaction.
c. Any Instruction through Funds Transfers, Xxxx Pay or Customer to Customer will be subject to the funds being available for withdrawal from the Eligible Account as indicated in the Instruction.
d. For reasons of security, we may refuse to honor any Instruction.
e. We may refuse to honor any Instruction to make a series transfer of recurring funds or payment given through Funds Transfer Transfers, Xxxx Pay or Customer to Customer if the Instruction reasonably appears to us to be fraudulent or from an External Account, you will first need to link the External Account by adding the account number and routing number. Verification of the External Account will happen through two small micro deposits sent to your External Account to verify correct External Account information. erroneous.
f. If an Instruction to make a transfer of funds or payment given through Funds Transfers, Xxxx Pay or Customer to Customer contains an inconsistency in the name and account or other identifying number of an account or Payee, financial institution or other party, we may treat the number as controlling and rely on the number in processing the Instruction.
g. If any Eligible Account is a savings account for purposes of Federal Reserve requirements, there may be no more than six (6) transfer of funds from the Account in any monthly period.
h. You will be responsible for assuring that any Instruction to make a payment given by you or on your behalf through Funds Transfers, Xxxx Pay or Customer to Customer is given to make us in sufficient time for the Instruction to be processed. You are responsible, and we will not be liable, for any consequence for failure to do so (for example, any finance or late charge resulting from the payment being made late). If the payment is to be made by a transfer of funds through an automated clearing house to the Payee, we will need up to three (3) Business Days after receiving the Instruction; or five (5) Business Days if we received the Instruction on a non-recurring Business Day. If the payment is to be made by check, we will need up to seven (7) Business Days after receiving the Instruction; or recurring Funds Transfer up to an Eligible Account from an External Account:ten (10) Business Days if we received the Instruction on a non-Business Day.
i. You must first link We may refuse to honor any Instruction to make a payment given through Funds Transfers, Xxxx Pay or Customer to Customer if we deem the External Account by adding the account number and routing number within FSB Digital Banking. Verification of the External Account will happen through two small micro deposits sent Instruction to your bank account to verify correct External Account informationbe a duplicate.
ii. The Transfer K. Mobile Check Deposit Service (“MCD”)
a. Description of Funds to the Eligible Account will follow standard ACH processing rules.Mobile Check Deposit
Appears in 1 contract
Samples: Digital Banking Agreement
