Common use of Means of Transfer Clause in Contracts

Means of Transfer. You authorize us to select any means we deem suitable to provide your funds transfer instructions to the applicable financial institution. These choices include banking channels, electronic means, funds transfer systems, mail, courier, or telecommunications services, intermediary banks and other organizations. You agree to be bound by the rules and regulations that govern the applicable funds transfer systems, such as CHIPS or automated clearing house (ACH) as published by the National Automated Clearinghouse Association (NACHA). We shall make all reasonable efforts to ensure that your transfer requests are processed on time; however, we reserve the right to hold funds beyond the normal period and if any interest is earned will be the property of Sikorsky Financial Credit Union, Inc.

Appears in 4 contracts

Samples: External Funds Transfer and Zelle Service Agreement, External Funds Transfer and Popmoney Service Agreement, External Funds Transfer and Popmoney Service Agreement

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