Preauthorized/Automatic Transfers Sample Clauses

Preauthorized/Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through ACH). Pre-authorized transfers do not include:
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Preauthorized/Automatic Transfers. You may make arrangements for certain direct deposits to or withdrawals from your savings account(s).
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Preauthorized/Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through the Automated Clearing House). Pre-authorized transfers do not include: • individual transfers we initiate under an agreement with you, but without your specific request (e.g., automatic savings and automatic loan payments to us from your account); or • transfers initiated by telephone. Please note that if federal recurring or other electronic payments are made to your account, the payments may be affected by a change in account status. If you plan to transfer your account or change its status, please call us at 000-000-0000 in advance, about the impact the change may have on your electronic fund transfer services.
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Preauthorized/Automatic Transfers. Preauthorized electronic funds transfers may be made to or from consumer checking and savings accounts by means of a computer, or mobile device. These transfers include preauthorized electronic funds transfers to Your account from third parties (e.g., Social Security, a pension fund or Your employer) or from Your account to a third party (e.g., checks converted by merchants to ACH transactions and recurring mortgage or insurance payments through ACH). Preauthorized transactions do not include: (a) transfers initiated by check, draft or similar paper instruments; (b) transfers to or from business or other non-personal accounts; (c) individual transfers We initiate under an agreement with You but without Your specific request (e.g., automatic savings and automatic loan payments to Us from Your account); or (d) transfers initiated by telephone. If You arrange to have direct deposits made to Your account at least once every sixty (60) days from the same person or company, You may contact Us at one of the numbers in the Bank Contact Information section to verify the deposit has been credited. For Your protection, We require identifying details about Your account before We provide You with this information. The Bank lists deposits made to Your account on Your monthly statement. 101.Debit Entries. A third party may not submit debit entries on Your account unless You have signed a written authorization agreement with them that states the terms for withdrawals from Your account and which contains provisions authorizing You to terminate or revoke Your authorization.
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Related to Preauthorized/Automatic Transfers

  • Liability for Failure to Stop Payment of Preauthorized Transfers If you order us to stop payment of a preauthorized transfer three (3) business days or more before the transfer is scheduled and we do not do so, we will be liable for your losses or damages.

  • IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS In the event that you believe there has been an error with respect to any original check or image thereof transmitted to the Credit Union for deposit or a breach of this Agreement and Disclosure, you will immediately contact the Credit Union regarding such error or breach as set forth below. • By calling the Credit Union at: 000-000-0000; • By emailing the Credit Union at: xxxxxxxxxx@xxxxxxxxxxx.xxx; or • By writing a letter and sending it to P.O. Box 60890, Los Angeles, CA 00000-0000. Contact us as soon as you can if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. • Tell us your name and Account number. • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within ten (10) business days. We will tell you the results of our investigation within ten (10)* business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45** days to investigate your complaint or question. If we decide to do this, we will provisionally credit your Account within ten (10)* business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your Account. If we decide that there was no error, we will send you a written explanation within three (3) business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation. * If you assert an error within 30 days after you make the first deposit to your Account, we will have 20 business days instead of ten (10) business days. ** If you give notice of an error within 30 days after you make the first deposit to your Account, or notice of an error involving a transaction initiated outside the United States, its possessions and territories, we will have 90 days instead of 45 days to investigate. In accordance with Visa Operating Rules and Regulations, you will receive a provisional credit for Visa Check Card losses for unauthorized use within five (5) business days after you have notified us of the loss. This does not apply to ATM transactions using a PIN(s).

  • Preauthorized EFTs If you have arranged to have a direct deposit or preauthorized debit or credit made to your account at least once every 60 days from the same person or company, you can call us at (000) 000-0000 or use telephone access or Home Banking to find out whether or not the deposit has been made.

  • Liability for Failure to Stop Payment of Preauthorized Transfer If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

  • Notification of Absence To be entitled to payment in accordance with this clause the employee shall meet the following criteria;

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