Common use of Recurring Transfer Clause in Contracts

Recurring Transfer. Moves a specified amount of money from one or more accounts you own into your OSA on a regular schedule. • Round Ups – Monitors your linked Ally Bank Interest Checking accounts for Round Up-eligible transactions and calculates the difference to the next whole dollar. (Eligible transactions don’t include bank fees.) When the accumulated amount reaches or exceeds $5.00, we’ll transfer the money to your OSA. A Round Up transfer will never exceed $20.