Receipt of Funds Transfer. “Electronic Funds Transfers” are transfers of funds to your account which are not initiated by a check, draft, or similar paper instrument issued by you, but by electronic means, as further defined in Section 5 below. Any Electronic Funds Transfer made to your account will be provisional and subject to refund until final settlement occurs and we receive credit. We may, at our discretion, refuse to accept any Electronic Funds Transfer; provided it is an Electronic Funds Transfer we are not required by law to accept. See Section 5 below for additional terms and conditions applicable to Electronic Funds Transfers.
Receipt of Funds Transfer. A “funds transfer” is a transfer of funds to your account which is not initiated by a check, draft, or similar paper instrument issued to you but by a payment order directed to the institution holding the payor's funds. Most funds transfers, including regularly recurring transfers such as direct deposit of Social Security payments or wages, are governed by our Electronic Funds Transfer (“EFT”) and Debit Card Agreement. Some transfers are not. If we receive a “funds transfer” to your account that is not governed by our EFT Agreement and that we are not required by law to accept, we may, at our discretion, refuse to accept it. If we accept a “funds transfer” not governed by our EFT Agreement, we may, at our discretion, send notice by First- Class mail to your last address as it appears on our records, but we do not agree to send notice (other than your periodic statement) if you get a statement for that account.
Receipt of Funds Transfer. A “funds transfer” is a transfer of funds to your account which is not initiated by a check, draft or similar paper instrument issued to you, but by a payment order directed to the institution holding the payor’s funds. Most funds transfers, including regularly recurring transfers such as direct deposit of Social Security payments or wages are governed by our Consumer Electronic Fund Transfer Agreement. Some, like wire transfers, are not. If we receive a “funds transfer” to your account that is not governed by our Consumer Electronic Fund Transfer Agreement, we may, in our discretion, refuse to accept it, if it is a “funds transfer” we are not required by law to accept. (Generally, we are required by law to accept “funds transfers” that are not governed by our Consumer Electronic Fund Transfer Agreement.) If we accept a “funds transfer” not governed by our Consumer Electronic Fund Transfer Agreement, we may, in our discretion, send notice by first class mail to your last address as it appears on our records. We do not have to send a notice other than your periodic statement, if you get a statement for that account.
Receipt of Funds Transfer. A “funds transfer” is a transfer of funds to your account which is not initiated by a Check, draft or similar paper instrument. Most funds transfers, including regularly recurring transfers such as direct deposit of Social Security payments or paychecks are governed by our Electronic Fund Transfer (EFT) Agreement. Some, like wire transfers, are not, but under most circumstances we are required by law to accept them. If we receive a “funds transfer” to your account that is not governed by our EFT Agreement, we may, in our discretion, refuse to accept it; if it is a “funds transfer” we are not required by law to accept. If we accept a “funds transfer” not governed by our EFT Agreement, we will not send you notice of the funds transfer (other than your periodic statement, if you get a statement for that account.)
Receipt of Funds Transfer. If the credit union received a funds transfer for you or for other persons authorized to have access to your account, you agree that the credit union is not obligated to provide you with next day notice of the receipt of the funds transfer. The credit union will provide you with notification of the receipt of all funds transfers by including such items in the periodic account statements, which we provide. You may, of course, inquire between receipt of periodic statements whether or not a specific funds transfer has been received. ACH TRANSFER AUTHORIZATION I hereby electronically consent and authorize Team One Credit Union by this writing to originate an ACH debit transaction for the amount listed above from the account listed above as the “From this Account”, and to originate an ACH credit transaction for the same amount to the account listed above as the “To this Account” on the date listed above, and for the frequency indicated above, if more than once. I further understand that if I wish to revoke this authorization, I must delete the transfer that was created by the original authorization by 2:00 PM on the same day of the transfer date. As an alternative, I may also notify Team One Credit Union by email, phone, and message or in writing of my desire to revoke the authorization by 2:00 PM the same day of the transfer date. BILL PAY When you use the Team One Credit Union Bill Pay Service you authorize us to debit your designated payment account and remit payment to the payee you assign. You are responsible for confirming the accuracy of all payee information. We are not liable for any losses or payment delays based on inaccurate information. We cannot be responsible for any payment you establish that contains errors or is a duplicate of a previous payment. We reserve the right to select the delivery method in which we remit funds for your payment. The payments you establish through the Service may not include the payee’s standard remittance form. Please allow enough time for your payee to process your payment and credit the appropriate account. You are responsible for scheduling your payments sufficiently in advance of the intended due date. You may expedite a payment for a fee; however, once you have initiated an expedited payment it cannot be edited or cancelled. You may edit or cancel your payments at any time prior to the commencement of payment processing. No fees are collected for changing or cancelling a payment. Once payment processing has start...
