Recurring Future definition
Recurring Future. If Member designates a Transfer as a “Recurring Future” transaction, Member may request, and Navigant will use, a Scheduled Initiation Date that re-occurs on a specified regular basis (e.g., weekly, semi-monthly, monthly, etc.). Member will designate a “start” and “end” date. Member must have sufficient Available Funds by midnight of the night before the Scheduled Initiation Date; however, funds will be deducted from Member’s designated Account on the Scheduled Initiation Date. “Recurring Future” transactions may be cancelled one (1) Business Day in advance of the Scheduled Initiation Date.