Common use of Processing of Transfer Requests Clause in Contracts

Processing of Transfer Requests. Internal Transfers can be made on a one-time or recurring basis. One-time Internal Transfers may be immediate or scheduled for a future date. The recurring Internal 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 Account to a savings Account which occurs every two (2) weeks. You agree to have Sufficient Available Funds or available credit in the Account to be debited on the date each transfer is scheduled to occur. At the time you schedule an Internal Transfer, we provide you with the cut-off times for each Internal Transfer and the amount of funds available in the Account to be debited. For immediate Internal Transfers, we will post all Internal Transfer requests received before the cut-off time on the same Business Day. If an immediate Internal Transfer request is received after the cut-off time, it will be posted on the next Business Day. For same-day Internal Transfers to deposit Accounts, the funds will be available immediately in your deposit Account.

Appears in 2 contracts

Samples: Banking Agreement, Banking Agreement

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Processing of Transfer Requests. Internal Transfers can be made on a one-time or recurring basis. One-time Internal Transfers may be immediate or scheduled for a future date. The recurring Internal 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 Account to a savings Account which occurs every two (2) weeks. You agree to have Sufficient Available Funds sufficient available funds or available credit in the Account to be debited on the date each transfer is scheduled to occur. At the time you schedule an Internal Transfer, we provide you with the cut-off times for each Internal Transfer and the amount of funds available in the Account to be debited. For immediate Internal Transfers, we will post all Internal Transfer requests received before the cut-off time on the same Business Day. If an immediate Internal Transfer request is received after the cut-off time, it will be posted on the next Business Day. For same-day Internal Transfers to deposit Accounts, the funds will be available immediately in your deposit Account.

Appears in 1 contract

Samples: Banking Agreement

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Processing of Transfer Requests. Internal Transfers can be made on a one-time or recurring basis. One-time Internal Transfers may be immediate or scheduled for a future date. The recurring Internal Transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-one- hundred dollar ($100) transfer from a checking Account to a savings Account which occurs every two (2) weeks. You agree to have Sufficient Available Funds sufficient available funds or available credit in the Account to be debited on the date each transfer is scheduled to occur. At the time you schedule an Internal Transfer, we provide you with the cut-off times for each Internal Transfer and the amount of funds available in the Account to be debited. For immediate Internal Transfers, we will post all Internal Transfer requests received before the cut-off time on the same Business Day. If an immediate Internal Transfer request is received after the cut-off time, it will be posted on the next Business Day. For same-day Internal Transfers to deposit Accounts, the funds will be available immediately in your deposit Account.

Appears in 1 contract

Samples: Banking Agreement

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