Common use of Types of Electronic Funds Transfers Available Clause in Contracts

Types of Electronic Funds Transfers Available. Depending on your Account registration, you may be able to: (i) arrange with another party, such as your employer or a government agency, to electronically transfer deposits directly to your authorized Account on a regular basis; or (ii) authorize another party, such as an insurance company or mortgage company, to have payments transferred from your Account and sent directly to them on a regular basis. If a regular payment will vary in amount, the payee needs to tell you how much the payment will be at least 10 days prior to when it is due. In addition to the types of Transfers listed above, we periodically introduce new methods by which you may make Transfers, such as by personal computer and/or wireless devices. At present, there is no minimum amount required for automatic debits. The availability of automatic debits to your Account will be limited to your Authorization Limit.

Types of Electronic Funds Transfers Available. Depending on your Account registration, you may be able to: (i) arrange with another party, such as your employer or a government agency, to electronically transfer deposits directly to your authorized Account on a regular basis; or (ii) authorize another party, such as an insurance company or mortgage company, to have payments transferred from your Account and sent directly to them on a regular basis. If a regular payment will vary in amount, the payee needs to tell you how much the payment will be at least 10 days prior to when it is due. In addition to the types of Transfers listed above, we periodically introduce new methods by which you may make Transfers, such as by personal computer and/or wireless devices. At present, there is no minimum amount required for automatic debits. The availability of automatic debits to your Account will be limited to your Authorization Limit.