Common use of WIRE TRANSFER AGREEMENT Clause in Contracts

WIRE TRANSFER AGREEMENT. In our sole discretion, we may permit you to make deposits to or withdrawals from your account by wire transfer, subject to a minimum amount of $500 per deposit or withdrawal. We may accept and verify or refuse to accept or process requests for wire transfers in our sole discretion. We may choose to honor a telephone request for an outbound wire transfer or may require that you put any request to initiate an outbound wire transfer in writing in a form acceptable to us. CUTOFF TIMES The cutoff times below describe the business day on which a transaction generally will be processed and, if the transaction is a deposit, when the deposit generally will be considered received. All transactions are subject to approval and verification before they will be processed or considered received. Checks Deposited by Mail. If we receive a check deposit you have mailed (or sent by other carrier) at our address in Salt Lake City, Utah by 3:00 PM Eastern Time on a business day, we will consider that to be the day of your deposit. If we receive the check after 3:00 PM Eastern Time or on a day that is not a business day, we generally will consider the deposit received on the next business day. Wire Transfers. If we receive a completed inbound wire transfer of funds (in U.S. dollars) that includes proper identification of your account by 6:00 PM Eastern Time on a business day, we will consider that to be the day of your deposit. We must receive an outbound wire transfer request by 2:00 PM Eastern Time on a business day for the request to be eligible for processing on that business day. Delays in verification of external account ownership may impact processing time. Subject to our discretion, outbound wire transfer requests may be made by telephone or in writing; outbound wire requests received in writing will generally be processed on the business day after the written request is received. Online Transfer Requests. Online requests to transfer funds to or from your account(s) via ACH must be received by us by 7:00 PM Eastern Time on a business day to be processed on that business day. Online transfer requests received by us after 7:00 PM Eastern Time or on a day that is not a business day generally will be processed on the next business day.