Common use of Types of External Transfers Clause in Contracts

Types of External Transfers. External Transfers may be either outbound or inbound. Outbound External Transfers are when you transfer funds from your Account to an External Account. Inbound External Transfers are when you transfer funds from an External Account into your Account. All External Accounts that are used to schedule outbound or inbound External Transfers must be properly identified and registered with Bank. You must have full authority to transact and schedule External Transfers on both Accounts and External Accounts.

Types of External Transfers. External Transfers may be either outbound or inbound. Outbound External Transfers are when you transfer funds from your Account to an External Account. Inbound External Transfers are when you transfer funds from an External Account into your Account. All External Accounts that are used to schedule outbound or inbound External Transfers must be properly identified and registered with Bankus. You must have full authority to transact and schedule External Transfers on both Accounts and External Accounts.