Common use of Payment Orders Clause in Contracts

Payment Orders. The following provisions apply to payment orders governed by Article 4A, Funds Transfers, of the Uniform Commercial Code, as adopted by the state of Texas.1 Such payment orders include wire transfers. These provisions do not apply to transactions described above in the Electronic Banking Services section of this agreement, or to payments by check, draft, or similar instrument. FSB may charge fees for sending or receiving a payment order. FSB may deduct its fees from your account or from the amount of the transfer. For current fees, see the Service Fee Schedule. Funds Transfer services may not be available to all account holders. FSB reserves the right to limit the availability of Funds Transfer services based on such factors as credit worthiness, the length and extent of your relationship with FSB and its affiliates, transaction and experience history, and such other factors as FSB, in its sole discretion, deems relevant.

Payment Orders. The following provisions apply to payment orders governed by Article 4A, Funds Transfers, of the Uniform Commercial Code, as adopted by the state of Texas.1 Such payment orders include wire transfers. These provisions do not apply to transactions described above in the Electronic Banking Services section of this agreement, or to payments by check, draft, or similar instrument. FSB may charge fees for sending or receiving a payment order. FSB may deduct its fees from your account or from the amount of the transfer. For current fees, see the Service Fee Schedule. Funds Transfer services may not be available to all account holders. FSB reserves the right to limit the availability of Funds Transfer services based on such factors as credit worthiness, the length and extent of your relationship with FSB and its affiliatesaffiliates, transaction and experience history, and such other factors as FSB, in its sole discretion, deems relevant.