Internal Transfer Service Sample Clauses
The Internal Transfer Service clause defines the terms under which funds or assets can be moved between accounts held within the same institution or organization. Typically, this clause outlines the procedures, limitations, and any fees associated with transferring balances from one internal account to another, such as between different departments or subsidiaries. Its core function is to facilitate efficient and secure internal reallocations, ensuring that such transfers are properly authorized and recorded, thereby reducing administrative errors and maintaining accurate financial records.
Internal Transfer Service. The ability to transfer funds between eligible Accounts and enrolled Loan Accounts with the Bank. You can authorize one-time recurring transfers between your eligible Accounts and/or certain of your specifically enrolled Loan Accounts with the Bank;
Internal Transfer Service. Transfers between your Accounts with us are subject to the terms of your Account Agreements. You may instruct our electronic system to make transfers between your Accounts at any time on any day. We may refuse any transfer or payment instructions without cause or prior notice.
Internal Transfer Service. An “Internal Transfer,” meaning a transfer between your eligible Accounts, may be processed as follows:
Internal Transfer Service. Transfers between Customer’s deposit accounts with the Bank are subject to the terms of Customer’s deposit agreement. Loan payments for loans at the Bank are subject to the terms of Customer’s loan agreements. Customer may instruct the System to make transfers between designated accounts of Customer at any time on any day, but they must be made by the Internal Transfer Cut-Off set forth in Section 17 on a business day in order to be included in the current end of day processing. Transfer funds among Customer’s Online Accounts: Customer can transfer funds between any checking and savings account that Customer has successfully enrolled in Online Banking Services. All transfers submitted, after the Internal Transfers Cut-Off set forth in Section 17, are effective the following business day. The maximum amount Customer can transfer is equal to the available balance in the designated account. If the account does not have sufficient funds to complete a transfer on the date(s) Customer has told the Bank to transfer funds from the designated account, the transfer may not be completed. However, if the Bank does make the transfer as an accommodation to Customer, Customer will be responsible for any overdraft that is created. If the designated account is a savings or money market account, federal law requires that an account holder may make up to six transfers or withdrawals by means of a preauthorized, automatic, or telephonic transfer to another account of Customer or to a third party or by check, debit card, or similar order to a third party during any calendar month (or statement cycle of at least four weeks). Customer may make unlimited transactions in person at a teller window, by messenger, by mail, or at an ATM. If Customer exceeds the transaction limits on an account, it may be closed and/or converted to a checking account by federal regulation. A “preauthorized transfer” includes any arrangement to pay a third party from the designated account upon written or oral instruction (including an order received through an automated clearing house (ACH)) or any arrangement to pay a third party from the designated account at a predetermined time or on a fixed schedule.
Internal Transfer Service. Internal Transfers may be performed using the transfer service feature of Online Banking. When internal transfers are made between accounts/loans bearing the same Tax ID number, the transfers are effective immediately.
Internal Transfer Service. Includes the ability to transfer funds between eligible Accounts and certain specifically approved and enrolled Loan accounts with the Credit Union, as described more fully below and in Section 11. You can authorize one-time or recurring transfers between your eligible Accounts (see Section 1.2) and/or certain of your specifically approved and enrolled Loan accounts with the Credit Union.
Internal Transfer Service. You authorize us to follow the Internal Transfer instructions that we receive through the NYCB Online Internal Transfer service (sending any other electronic communication to the Bank does not constitute an Internal Transfer instruction). You authorize us to debit your designated "From Account" for all transfers of funds that you initiate through the Internal Transfer service and you agree to have sufficient funds or available credit in your "From Account" on the transfer date for each such transfer you schedule. You may conduct Internal Transfers on payments for loans held at the Bank. Internal Transfers are made available on the same day of such Internal Transfer request, but may be posted to your Account on the next Business Day. If you believe an Internal Transfer was unauthorized, you must notify us promptly in accordance with the procedures outlined in Section H, 1.5(a) below. We will respond as explained therein. The amount of any one Internal Transfer must be at least $.01 and cannot exceed $999,999.99. Amounts exceeding $25,000.00 may require further authentication by the Bank. The daily amount for all Internal Transfers cannot exceed $3,000,000 per calendar day.
Internal Transfer Service. Transfers between your deposit accounts with us are subject to the terms of your deposit agreement. Loan payments for loans at the Bank are subject to the terms of your loan agreements. You may instruct the System to make transfers between designated accounts at any time on any day, but they must be made by the Internal Transfer Cut-Off set forth in Section 24 on a business day in order to be included in the current end of day processing. NOTE: Because regulations require the Bank to limit pre- authorized transfers from certain savings accounts, including Money Market accounts, the following limitations apply:
Internal Transfer Service. The Internal Transfer Service provides the Client with the ability to initiate a transfer of funds between accounts held at the Bank. We only process transactions and update information on Business Days (as defined below in Section II.B. “Business Days”). Transfers between Bank accounts made after 5:30 p.m. Mountain Time will be processed on the next Business Day. Transfer restrictions on certain accounts as established by federal law apply. The details regarding these restrictions are included in the account disclosures provided at the time the account was opened.