Common use of Account to Account Transfers Clause in Contracts

Account to Account Transfers. Through the Services, you can make transfers to accounts you hold at other financial institutions (“Account to Account Transfers”) subject to the terms and conditions of this Agreement and of this section. (a) You may only send Account to Account Transfers to accounts in your name at United States financial institutions (banks and credit unions). All Account to Account Transfers must be initiated by 3:00 PM Eastern Time on a Business Day in order to process same day. For Account to Account Transfers initiated after this time, they will process on the next Business Day. (b) All Account to Account Transfers will be sent via ACH in accordance with NACHA rules. Before making an inbound or outbound Account to Account Transfer to an external account, you must verify that you have access to that account by confirming two micro-deposits made into the external account. Failure to validate the micro-deposits will result in lock-out of the Services. Once validated, the micro-deposits will be reversed. (c) Bank does not limit the number of funds transfers you may make; however, you may not make funds transfers in excess of the number of funds transfers allowed by the rules governing the applicable Accounts. Bank 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 Account to Account Transfers. (d) You may not make funds transfers in excess of $6,000 in any one (1) transaction and $25,000.00 in any consecutive 30 day period. Bank reserves the right to change from time to time the dollar amount of funds transfers you are permitted to make using Account to Account Transfers. Some individuals may qualify for higher limits. You must have sufficient funds in your Account at the time you initiate an Account to Account Transfer, If you do not, you will receive an error and the transaction will be prohibited. If for some reason, the Bank permits an Account to Account Transfer when you do not have sufficient funds, you will still be responsible for the amount of the transaction. (e) You cannot cancel any Account to Account Transfers in process at the time you request the cancellation. Bank may decline any transfer requests made through Account to Account Transfers. (f) You agree to pay all fees associated with transfers through Account to Account Transfers as disclosed on the Fee Schedule. This amount will be automatically deducted from your Account at the time the transfer is requested.

Account to Account Transfers. (a) Through the Services, you can make transfers to and from accounts you hold at other financial institutions (“Account to Account Transfers”) subject to the terms and conditions of this Agreement and of this section. (a) . You may only send Account to Account Transfers to accounts in your name at United States financial institutions (banks and credit unions). . (b) All Account to Account Transfers must be initiated by 3:00 6:45 PM Eastern Time on a Business Day in order to process the same dayBusiness Day. However, the Account Transfer may not complete until subsequent Business Days as indicated in Online or Mobile Banking. For Account to Account Transfers initiated after this time, they will begin to process on the next Business Day. (bc) All Account to Account Transfers will be sent via ACH in accordance with NACHA rules. . (d) Before making an inbound or outbound Account to Account Transfer to an external account, you must verify that you have access to that account by confirming two micro-deposits made into the external accountusing a security procedure of our choice. This may include instant verification or micro- deposits. Failure to validate in accordance with the micro-deposits will Bank’s requirements result in lock-out of the Services. Once If micro- deposits are used, once validated, the micro-deposits will be reversedoffset with deposits in the same amount. (ce) Bank does not limit the number of funds transfers you may make; however, you may not make funds transfers in excess of the number of funds transfers allowed by the rules governing the applicable Accounts. Bank may from time to time for security and risk management reasons modify the limit, the frequency frequency, and the dollar amount of transfers you can make using Account to Account Transfers. (df) You may not make funds transfers in excess of $6,000 in any one (1) Business Day: i) transactions that total an excess of $5,000; and ii) a single transaction and that exceed $25,000.00 5,000 . There is also a monthly limitation of $10,000 per month in any consecutive 30 day periodaggregated funds transfers under this Section. Bank reserves the right to change from time to time the dollar amount of funds transfers you are permitted to make using Account to Account Transfers. Some individuals may qualify for higher limits. You must have sufficient funds in your Account at the time you initiate an Account to Account Transfer, . If you do not, you will receive an error and the transaction will be prohibited. If for some reason, the Bank permits an Account to Account Transfer when you do not have sufficient funds, you will still be responsible for the amount of the transaction. (eg) You cannot cancel any Account to Account Transfers in process at the time you request the cancellation. Bank may decline any transfer requests made through Account to Account Transfers. (fh) You agree to pay all fees associated with transfers through Account to Account Transfers as disclosed on the Fee Schedule. This amount will be automatically deducted from your Account at the time the transfer is requested. (i) We reserve the right to refuse any transfer. (j) In using the Account to Account Transfer Service, you understand transfers may be returned for various reasons such as, but not limited to, the external account number is not valid. We will use reasonable efforts to research and correct the transfer to the intended Account or void the transfer and credit your Account from which you attempted to transfer funds. You may receive notification from us.