Common use of Processing of Transfer Requests Clause in Contracts

Processing of Transfer Requests. a) Transfers can be made, on a one-time or recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-hundred dollar ($100) transfer from a checking to a savings account which occurs every two

Processing of Transfer Requests. a) Internal Transfers can be made, on a one-time or recurring basis. One-time transfers Internal Transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-hundred dollar ($100) transfer from a checking to a savings account which occurs every twotwo (2) weeks. You agree to have sufficient available funds or available credit on the date each transfer is scheduled to occur.