Common use of External Transfer Service Clause in Contracts

External Transfer Service. The External Transfer Service will enable you to make “Outbound Transfers,” defined as transfers moving funds from your Account at Peoples Bank (“Internal Account”) to certain deposit or investment accounts owned by you at other financial institutions (“External Account”). The External Transfer Service will also enable you to make “Inbound Transfers,” defined as transfers moving funds into an Internal Account from an External Account.

External Transfer Service. By using the External Transfer Service or permitting any other person to use the External Transfer Service, you accept all of the following terms and conditions. The External Transfer Service will enable you to make “Outbound Transfers,” defined as transfers moving funds from your Account at Peoples the Bank (“Internal Account”) to certain deposit or investment accounts owned by you at other financial institutions (“External Account”). The External Transfer Service will also enable you to make “Inbound Transfers,” defined as transfers moving funds into an Internal Account from an External Account.