PRIORITY OF MONETARY TRANSFERS. Bank shall process payments and transfers scheduled through the KBO Service in in accordance with the terms of Funds Availability Policy as stated in the Deposit Agreements. Internal transfers intended to cover pending Online Xxxx Pay payments must be scheduled for the preceding business day in order for such funds to be applied against the applicable pending Online Xxxx Pay payments.
Appears in 2 contracts
Samples: Keybank Business Online Services Agreement, Keybank Business Online Services Agreement
PRIORITY OF MONETARY TRANSFERS. Bank shall process payments and transfers scheduled through the KBO Service in in accordance with the terms of Funds Availability Policy as stated in the Deposit Agreements. Internal transfers intended to cover pending Online Xxxx Bill Pay payments must be scheduled for the preceding business day in order for such funds to be applied against the applicable pending Online Xxxx Bill Pay payments.
Appears in 1 contract
PRIORITY OF MONETARY TRANSFERS. Bank shall process payments and transfers scheduled through the KBO Service in the following order: (1) Online Xxxx Pay; (2) internal transfers; and (3) Pay Direct; or such other order as Bank from time to time may determine in accordance with the terms of Funds Availability Policy as stated in the Deposit Agreementsits sole discretion. Internal transfers intended to cover pending Online Xxxx Pay payments must be scheduled for the preceding business day in order for such funds to be applied against the applicable pending Online Xxxx Pay payments.
Appears in 1 contract
