External Transfers definition
External Transfers means the portion of Payments and Transfers that allows you to issue Instructions to us for payments or transfers, as applicable, to or from accounts not held by us;
External Transfers means monetary transfers between one of your accounts at the Credit Union and one of your accounts at another financial institution.
External Transfers. Future-dated and recurring External Transfers can be edited or canceled prior to 7:00 P.M. EST on the business day before the business day the transfer is scheduled to be made. However, if the transfer is “In Process” or “Processed”, you can no longer edit or cancel it.
Examples of External Transfers in a sentence
External Transfers of Funds • Make advances from one or more of your eligible loan accounts with us to a checking, savings or loan account with your depository bank; • Transfer available amounts in your eligible funds held account(s) with us to a checking, savings or loan account with your depository bank; and • Transfer available amounts in a checking or savings account in your depository bank to your eligible funds held account(s) or applied to your loan account(s) with us.
Furthermore, we may change the dollar limits for External Transfers at any time.
We may from time to time for security and risk management reasons modify the limit, the frequency and the dollar amount of transfers you can make using External Transfers.
You agree to have Available Funds on deposit in the Account you have designated in amounts sufficient to pay for all External Transfers requested, as well as any other payment obligations you have to us.
We reserve the right to determine eligibility and to restrict categories of recipients to whom External Transfers may be made in our sole discretion.
More Definitions of External Transfers
External Transfers. Refers to the transfer of funds between your accounts at Advantage Finance and accounts held at other financial institutions (External Accounts). Cut-off Time: The cut-off time for scheduling external transfers is 3:00 PM PST. Any External Transfer request made after the Cut-Off Time will be initiated the next business day.
External Transfers. You may use Online Banking to conduct transfers of funds to or from an external account (at another financial institution). You may make one-time transfers or schedule future or recurring transfers. You must be an authorized owner on the external account before adding the account to your online banking account. You will need to use the “Add External Account” feature when signed into online banking. Once an external account is added to your online banking login, you will need to properly verify the external account. Once this is completed, you will be able to move funds to and/or from this external account through the “Transfer Funds” feature. If there are not available funds in the account from which a transfer is being made at the time the transfer is processed, at our option, we may not allow you to complete the transfer, we may overdraw your Account and you may be charged a fee, or we may cancel the transfer
External Transfers means monetary transfers between your accounts held at People’s Credit Union and an external financial institution.
External Transfers subject to additional terms and conditions to which you must agree, shall mean that feature of Digital Banking which enables you to transfer funds from your BFSFCU account to another account held in your name or a third party at another financial institution.
External Transfers means the portion of payments and transfers that allows you to issue instructions to us for payments or transfers, as applicable, to or from accounts not held with us. “Internal Transfers” means the portion of payments and transfers that allows you to issue instructions to us for payments or transfers, as applicable, between two eligible and linked accounts held by us. Transfers made using Online Banking are subject to the following limitations: • One-time immediate internal transfers between linked Credit Union accounts may have per item, daily, and monthly limits. • Scheduled and recurring internal transfers between linked Credit Union accounts may have per item, daily, and monthly limits. Once a recurring transfer is setup, the funds must be available for the predefined transfer to occur. • One-time immediate external transfers may have per item, daily, and monthly limits. At our discretion, we may refuse to process any transaction that exceeds any established limits. If a transaction exceeds the established limits, you are responsible for making alternate arrangements or rescheduling the transfer within eBanking.
External Transfers means funds transfers that are sent from us to another institution electronically.
External Transfers permit you to electronically transfer money between your accounts held at another financial institution (“External Accounts”) and Accounts you have with us. External Accounts may only be checking, savings or money market accounts and must be located in the United States with a valid ABA routing number. To make an External Transfer you must provide us with information about your External Account, and you must have withdrawal rights for the External Account. After you have verified your External Account, you may make an “Immediate External Transfer” request, you may make a “Scheduled External Transfer” request for a later date, and you may set up a “Recurring External Transfer” (performed at a regular frequency) by creating transfer rules for your request (please see item 2 in this Section for more details on processing times.) You authorize us to follow your transfer instructions and to make External Transfers through electronic means or any other means that we determine is appropriate.