Transfer Money Terms definition

Transfer Money Terms means these Account to Account Transfers Additional Terms. The Account to Account transfer service (for purposes of these Transfer Money Terms, and the General Terms as they apply to these Transfer Money Terms, the "Service") enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand.

Transfer Money Terms means these Account to Account Transfers Additional Terms. The Account to Account transfer service (for purposes of these Transfer Money Terms, and the General Terms as they apply to these Transfer Money Terms, the "Service") enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand. You represent and warrant that you are either the sole owner or a joint owner of the Eligible Transaction Account and the External Account and that you have all necessary legal right, power and authority to transfer funds between the Eligible Transaction Account and the External Account. If you are a joint owner of the Eligible Transaction Account, External Account, or both, then you represent and warrant that (i) you have been authorized by all of the other joint owners to operate such Accounts without their consent (including without limitation to withdraw or deposit any amount of funds to such Accounts or to even withdraw all funds from such Accounts); and (ii) we may act on your instructions regarding such Accounts without liability to such other joint owners. Further, you represent and warrant that the External Account is located in the United States.

Transfer Money Terms means these External Transfer Service Additional Terms. The External Transfer Service (for purposes of these Transfer Money Terms, and the External Transfer to an Account at Other Bank terms as they apply to these Transfer Money Terms, the "External Transfer Service") enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand. You represent and warrant that you are either the sole owner or a joint owner, or an authorized signer or agent acting in an authorized capacity, of the Eligible Transaction Account and the External Account and that you have all necessary legal right, power and authority to transfer funds between the Eligible Transaction Account and the External Account. If you are a joint owner, or an authorized signer or agent on the Eligible Transaction Account, External Account, or both, then you represent and warrant that (i) you have been authorized by all of the other joint owners or otherwise have the legal authority to operate such Accounts without additional consent (including without limitation to withdraw or deposit any amount of funds to such Accounts or to even withdraw all funds from such Accounts); and (ii) we may act on your instructions regarding such Accounts without liability to such other owners. Further, you represent and warrant that the External Account is located in the United States. ▪ When we receive a Transfer Instruction from you, you authorize us to (i) debit your Eligible Transaction Account and remit funds on your behalf to the External Account designated by you and to debit your applicable Account as described in the Transfer Services Section of this Agreement; or, as applicable and if the option is made available to you, to (ii) credit your Eligible Transaction Account and remit funds on your behalf from the External Account designated by you and to debit your applicable Account as described in the Transfer Services Section of this Agreement. You also authorize us to reverse a transfer from the applicable Account if the debit is returned from the other Account in the transaction for any reason, including but not limited to nonsufficient funds. ▪ We will use reasonable efforts to make all your transfers properly. However, we shall incur no liability if we are unable to complete any transfers initiated by you because of the existence of any one or more of the following circumstances: o If, th...

Examples of Transfer Money Terms in a sentence

• Notwithstanding anything in the Transfer Money Terms that may be viewed or deemed to be in conflict with this provision, you agree that our liability with respect to the Transfer Money Services shall not exceed that which is required by law.

• If we do not complete an EFT with respect to your Folio Account on time or in the correct amount according to the Transfer Money Terms, we will be liable for your losses or damages.

• If your Folio Account is owned jointly with one or more other persons, each of you separately agree that use of the Transfer Money Services by any account owner binds each account owner individually and the Transfer Money Terms apply to each account owner and each account owner will be jointly and severally liable for any amounts due relating to the Transfer Money Services at any time.

• You hereby acknowledge and agree that we may act on and pay any Check and any EFT presented or drawn against and/or posted to the Master Account in accordance with applicable law, the Transfer Money Terms and standard practices of the Bank when processing Checks and EFTs.

• For purposes of the Transfer Money Terms, our business days are Monday through Friday, excluding federal holidays.

• Check Writing and Electronic Funds Transfers (EFTs) You understand that check writing and use of EFTs are governed by the rules of the bank that facilitates such services for us, the Uniform Commercial Code, Federal and state laws and the Check and Transfer Money Terms and Conditions set forth in Exhibit 2, which is a part of this Agreement.

• The Account to Account transfer service (for purposes of these Transfer Money Terms, and the General Terms as they apply to these Transfer Money Terms, the "Service") enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand.

• If you are not a “consumer” as defined in Regulation E, we are not required to respond to your questions about EFTs within the time periods specified with respect to EFTs in the Transfer Money Terms and the limitations on your liability for unauthorized EFTs described above do not apply.

• Check Writing and Electronic Funds Transfers (EFTs) You understand that check writing and use of EFTs are governed by the rules of the bank that facilitates such services for us, the Uniform Commercial Code, Federal and State laws and the Check and Transfer Money Terms and Conditions set forth in Exhibit 2, which is a part of this Agreement.

• You hereby acknowledge and agree that we may act on and pay any Check and any EFT presented or drawn against and/or posted to the Master Account in accordance with applicable law, the Transfer Money Terms and standard practices of the Bank when processing Checks and EFTs. Transaction Types, Limits and Overdrafts.

More Definitions of Transfer Money Terms

Transfer Money Terms means these Account to Account Transfers Terms. The Account to Account transfer service enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand. You represent and warrant that you are either the sole owner or a joint owner of the Eligible Transaction Account and the External Account and that you have all necessary legal right, power and authority to transfer funds between the Eligible Transaction Account and the External Account. If you are a joint owner of the Eligible Transaction Account, External Account, or both, then you represent and warrant that (i) you have been authorized by all of the other joint owners to operate such Accounts without their consent (including without limitation to withdraw or deposit any amount of funds to such Accounts or to even withdraw all funds from such Accounts); and (ii) we may act on your instructions regarding such Accounts without liability to such other joint owners. Further, you represent and warrant that the External Account is located in the United States.

Transfer Money Terms means these Account to Account Transfers Additional Terms. The Account to Account transfer service (for purposes of these Transfer Money Terms, and the General Terms as they apply to these Transfer Money Terms, the "Service") enables you to transfer funds between your Account(s) that you maintain with us on the one hand, and your Account(s) that are maintained by other financial institutions, on the other hand. By use of this Service, you agree to all terms, liabilities, warranties, and notices included within this Account to Account Transfers Additional Terms as well as included within the Level One Bank Online Banking Agreement and Disclosure (and any subsequent referenced account disclosures provided to you). You represent and warrant that you are either the sole owner or a joint owner of the Eligible Transaction Account and the External Account and that you have all necessary legal right, power and authority to transfer funds between the Eligible Transaction Account and the External Account. If you are a joint owner of the Eligible Transaction Account, External Account, or both, then you represent and warrant that (i) you have been authorized by all of the other joint owners to operate such Accounts without their consent (including without limitation to withdraw or deposit any amount of funds to such Accounts or to even withdraw all funds from such Accounts); and (ii) we may act on your instructions regarding such Accounts without liability to such other joint owners. Further, you represent and warrant that the External Account is located in the United States.