FUNDS TRANSFERS definition
FUNDS TRANSFERS includes Internal Transfers between certain accounts, Business Account External Transfers, Person to Person Transfers and outgoing Wire Transfers.
FUNDS TRANSFERS. The terms used in this section have the meaning given to them in Article 4A of the Uniform Commercial Code - Funds Transfers (UCC 4A). This section will generally not apply to you if you are a consumer. However, even if you are a consumer, this section will apply to that part of any funds transfer that is conducted by ▇▇▇▇▇▇▇. This section is subject to UCC 4A as adopted in the state in which you have your deposit with us. This agreement is also subject to all clearing house association rules, rules of the Board of Governors of the Federal Reserve System and their operating circulars. If any part of this agreement is determined to be unenforceable, the rest of the agreement remains effective. This agreement controls funds transfers unless supplemented or amended in a separate written agreement signed by us. AUTHORIZED ACCOUNT – An authorized account is a deposit account you have with us that you have designated as a source of payment, or payment orders you issue to us. If you have not designated an authorized account, any account you have with us is an authorized account to the extent that payment or the payment order is not inconsistent with the use of the account.
FUNDS TRANSFERS. The terms used in this section have the meaning given to them in Article 4A of the Uniform Commercial Code - Funds Transfers (UCC 4A). This section will generally not apply to you if you are a consumer. However, even if you are a consumer, this section will apply to that part of any funds transfer that is conducted by ▇▇▇▇▇▇▇. This section is subject to UCC 4A as adopted in the state in which you have your deposit with us. This agreement is also subject to all clearing house association rules, rules of the Board of Governors of the Federal Reserve System and their operating circulars. If any part of this agreement is determined to be unenforceable, the rest of the agreement remains effective. This agreement controls funds transfers unless supplemented or amended in a separate written agreement signed by us. A funds transfer is the transaction or series of transactions that begin with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. A funds transfer is completed by the acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's order. Generally, a funds transfer does not include any transaction if any part of the transfer is covered by the Electronic Fund Transfer Act, as amended from time to time. You may give us a payment order orally, or in writing. Third party orders must be in writing and notarized. AUTHORIZED ACCOUNT – An authorized account is a deposit account you have with us that you have designated as a source of payment, or payment orders you issue to us. If you have not designated an authorized account, any account you have with us is an authorized account to the extent that payment or the payment order is not inconsistent with the use of the account. ACCEPTANCE OF YOUR PAYMENT ORDER – We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, any interest on a withdrawable credit, in a non-interest-bearing account. CUTOFF TIME – If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communicat...
Examples of FUNDS TRANSFERS in a sentence
FUNDS TRANSFERS - The terms used in this section have the meaning given to them in Article 4A of the Uniform Commercial Code - Funds Transfers (UCC 4A).
SUMMARY OF YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS: If you believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call us immediately or if after business hours, call ▇-▇▇▇-▇▇▇-▇▇▇▇.
OUR ELECTRONIC FUND TRANSFER SERVICES: You may use your card to make the following electronic fund transfers: • Inquire balances or cash withdrawal from your checking or savings account at ATMs • Pay for purchases at participating merchant locations • Authorize online purchases through merchant websites (Some of these services may not be available at all terminals) LIMITATIONS ON ELECTRONIC FUNDS TRANSFERS: You may withdrawal up to $500 in cash from ATMs daily.
EXCEPT AS OTHERWISE PROVIDED BY LAW, WE WILL HAVE NO LIABILITY TO YOU FOR ANY LOSS, CLAIM, OR DAMAGE EVEN IF YOUR USERNAME OR PASSWORD IS LOST, STOLEN OR OBTAINED OR RETAINED BY A PERSON NOT AUTHORIZED BY YOU TO INITIATE ELECTRONIC FUNDS TRANSFERS AND EVEN IF THE USE OCCURS AFTER YOU HAVE ASKED US TO DEACTIVATE THE USERNAME OR PASSWORD, WHETHER OR NOT WE HAVE ACTED ON THAT REQUEST.
YOU ARE FULLY RESPONSIBLE FOR ANY TRANSACTION MADE BY USE OF AN ATM CARD, MasterCard® CHECK CARD (EXCEPT AS STATED ABOVE), Essex Online Banking, PIN, OR PASSWORD WHETHER OR NOT OBTAINED OR RETAINED BY A PERSON NOT AUTHORIZED BY YOU TO INITIATE ELECTRONIC FUNDS TRANSFERS.
More Definitions of FUNDS TRANSFERS
FUNDS TRANSFERS means domestic or foreign wire transfer Requests.
FUNDS TRANSFERS means a payment order or non-value message originated or received over Fedwire.
FUNDS TRANSFERS means a payment order or non-value message briginated or received over Fedwire.
FUNDS TRANSFERS. The terms used in this section have the meaning given Funds transfer - A funds transfer is the transaction or series of transactions that begin with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. A funds transfer is completed by the acceptance by the beneficiary’s bank of a payment order for the benefit of the beneficiary of the originator’s order. You may give us a payment order orally, electronically, or in writing, but your order cannot state any condition to payment to the beneficiary other than the time of payment. Credit entries may be made by ACH. Authorized account - An authorized account is a deposit or share account Acceptance of your payment order - We are not obligated to accept any Cutoff time - If we do not receive your payment order or communication Payment of your order - If we accept a payment order you give us, we may
FUNDS TRANSFERS. The following terms shall apply to all transfers of funds (as defined by Federal Regulation J and Article 4A of the Uniform Commercial Code as set out in the Florida Statutes to or from any of your accounts with us. To the extent, the terms contained in this Agreement are different than those in any other agreement or terms of accounts; this Agreement shall control and be deemed to modify such other agreements or terms of accounts. If you request a wire transfer be made or if a wire transfer is made to your Account, the Federal Reserve Board's Fedwire may be used. Regulation J governs all Fedwire transfers and therefore, determines the rights and liabilities of the parties of the transfer. All other funds transfers may be transmitted through the Automated Clearing House (ACH) network. All ACH payments are provisional. We may give you credit before we receive final settlement of the funds transfer. If we do not receive payment for the provisional credit granted, we may charge back any provisional credit that we have given to you and the originator of the transaction will not be considered to have paid the amount of the credit to us. In that event, you authorize us to take such sum from any Account in which you have either an ownership interest or the right to withdraw. Notice of a transfer from or receipt of a transfer into your Account will be made by us on your Statement for the affected Account. We are not obligated to provide you with next day notification of transfers to your Account. You may, of course, inquire between Statements regarding transfers. You agree to examine the Statement within 14 days after the Statement is sent and immediately notify us of any discrepancy or error. If you fail to notify us within 14 days after the Statement is sent, you shall discharge and relieve us from any liability, claims, demands or expenses (including attorney's fees) in connection therewith.
FUNDS TRANSFERS means all Internal Transfers and External Transfers.
FUNDS TRANSFERS. In addition to viewing account information, you may use Online Services to transfer funds between linked checking, savings, money market, and loan accounts which you hold with Pioneer Bank.