Common use of Transfer Limits Clause in Contracts

Transfer Limits. You agree not to exceed the total file or monthly dollar limits for the aggregate amount of all payment orders received by the Bank and in process of settlement. Payment orders greater than the total file or monthly dollar limits established will be processed upon the Bank’s validation of the file with confirmation from your authorized representative listed on the Enrollment Form. Processing delays may result if the Bank is unable to perform this validation.

Transfer Limits. You agree not to exceed the total file file, daily or monthly dollar limits for the aggregate amount of all payment orders received by the Bank and in process of settlement. Payment orders greater than the total file file, daily or monthly dollar limits established will be processed upon the Bank’s validation of the file with confirmation from your authorized representative listed on the Enrollment Form. Processing delays may result if the Bank is unable to perform this validation.