Common use of InterBank Transfers Clause in Contracts

InterBank Transfers. Also called Bank to Bank Transfers, are transfers between your account at the Bank and account(s) held at other financial institutions. InterBank Transfers are accomplished through an automated clearing house (ACH) debit against the account that funds are being transferred from and an ACH credit to the account that funds are being transferred to.

Appears in 3 contracts

Samples: Business Online Banking Agreement, Business Online Banking Agreement, Business Online Banking Agreement

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InterBank Transfers. Also called Bank to Bank Transfers, are transfers between your account at the with Wakefield Cooperative Bank and account(s) held at other financial institutions. InterBank Transfers are accomplished through an automated clearing house (ACH) debit against the account that funds are being transferred from and an ACH credit to the account that funds are being transferred to.

Appears in 1 contract

Samples: Personal Online Banking Agreement

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