Automatic Funds Transfer definition

Automatic Funds Transfer means the calculated payment amount that occurs as a result of applying the parameter rules defined below. This amount will be the lesser of: the calculated difference between the specified Maximum Account Balance and the balance in the Deposit Account at the end of the business day; or the Maximum Transfer Amount. PAD payment parameters that can be modified on the myLTSA website are: When the balance in the Deposit Account drops below the Transfer Trigger Threshold parameter, the LTSA will automatically draw the Automatic Funds Transfer from the Customer’s bank account. The Maximum Transfer Amount means the maximum amount of money that may be transferred in any single PAD. The Maximum Account Balance means the maximum amount of money the Financial Administrator(s) wants to have in the Deposit Account.
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Examples of Automatic Funds Transfer in a sentence

  • The Customer accepts this Agreement by checking the Pre-Authorized Debit Agreement acceptance box on either the Automatic Funds Transfer Review and Approve, or Manual Funds Transfer Review and Approve screen on the myLTSA website.

  • By completing the Automatic Funds Transfer Authorization via the ACH form, you may set up a recurring transfer to an account at another financial institution.

  • Mail completed Automatic Funds Transfer Authorization form to: PO BOX 91120, MS 295, SEATTLE, WA 98111 005251 (11-01-2021) First Name: Last Name: Date of Birth: MM/DD/YY ID #: Suffix First Name: Last Name: Phone: Relationship to member: Check here if this person is on the same plan as you.

  • I authorize you (as defined in the Client Agreement) to establish checking privileges, Online Services and the Automatic Funds Transfer service, and to have the FMA Card(s) issued as instructed (including the designated Access Levels) on this Account Application, and I affirm that I have the authority to open this account.

  • Automatic Funds Transfer – Transfer money by phone or online between your FMA and another U.S. financial institution, or to another ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ account that has been linked to your FMA account for statement reporting purposes.

  • Mail completed Automatic Funds Transfer Authorization form to: PO BOX 91120, MS 295, SEATTLE, WA 98111 Notice to Applicant Regarding Replacement of Medicare Supplement or Medicare Advantage Coverage PO Box 327, MS 295 Seattle, WA 98111 APPLICANT LAST NAME FIRST NAME SUBSCRIBER ID NUMBER According to information you have furnished, you intend to terminate existing Medicare supplement or Medicare Advantage insurance and replace it with a contract to be issued by Premera Blue Cross.

  • Merchant authorizes Company to initiate and/or transmit automatic credit and/or debit entries to account and depository of Merchant’s choice identified in this Application for Merchant Agreement or in any subsequent written designation (Designated Automatic Funds Transfer Account).

  • I authorize you to establish checking privileges, Online Services and the Automatic Funds Transfer service, and to have the FMA Card(s) issued as instructed (including the designated Access Levels) on this Account Application, and I affirm that I have the authority to open this account.

  • Merchant acknowledge that Company have no control over Merchant, Merchant’s agents or employees, intermediaries such as NACHA or other facilities involved in the initiation or transmission of entries to and from the Designated Automatic Funds Transfer Account, and that such facilities or intermediaries may be damaged, impaired or other wise fail to function properly or timely due to circumstances beyond our control.

  • This may be in an attempt to save time and money, so do terminologies.