External Transfer Services Sample Clauses
The External Transfer Services clause defines the terms under which a party may transfer funds or assets to or from accounts held at external financial institutions. Typically, this clause outlines the procedures, limitations, and responsibilities associated with initiating such transfers, including any required authorizations, processing times, and applicable fees. By establishing clear rules for external transfers, the clause helps prevent unauthorized transactions, ensures compliance with regulatory requirements, and clarifies the parties' obligations, thereby reducing the risk of disputes or errors related to moving funds outside the primary institution.
External Transfer Services. By enrolling in external transfer services, you agree to the following service terms and conditions. By using compatible and supported devices, the Service allows you to electronically transfer funds from your account with us to your account at another financial institution, or from your account with us to other individuals’ accounts. You must have Online Banking to use the Service. The Service is only available for accounts at U.S. financial institutions and funds are transferred in U.S. dollars. We reserve the right to modify the scope of external transfer services at any time. We reserve the right to refuse to make any transaction you request through the Service. You agree and understand the Service may not be accessible or may have limited utility over some mobile telephone networks, such as while roaming.
External Transfer Services. 5.1 Transfers via Online Banking. The Transfer Service (“Transfer Service”) allows you to transfer funds between your personal deposit accounts with Bar Harbor Bank & Trust and your personal deposit accounts at other Financial Institutions. Accounts with signature restrictions will not be available for the Transfer Service. An inbound transfer moves funds into a checking or savings account at the Bank. An outbound transfer moves funds from a checking account at the Bank to an account at another financial institution. You will need to enroll each of your non-Bar Harbor Bank & Trust accounts that you wish to use for the Transfer Service. You agree that you will only attempt to enroll accounts for which you have the authority to transfer funds. You will have 10 days after enrolling an account to complete the verification process. Verification instructions are displayed to you during the enrollment process. Funds requested to be transferred will be debited/credited to your Bar Harbor Bank & Trust account the business day following the day you initiate the transfer, provided you have met the Bank’s cutoff time for submitting an external transfer. In the case of a future dated or recurring transfer, these time limits will be the business day following the scheduled date of the transfer. The Bank uses your available balance to determine funds available for transfer on the day of transfer. The cutoff time for initiating transfers is 3:30pm EST. Funds requested to be transferred will be debited/credited to the non-Bar Harbor Bank & Trust account according to the receiving Financial Institution’s availability and transaction processing schedule. Transfers by Bar Harbor Bank & Trust are completed through ACH (Automatic Clearing House) and funds received via ACH will be generally available within 2 business days of the initial request. Future dated and recurring transfers can be canceled by 3:30pm EST the day prior to the scheduled transfer date. If the transfer has been initiated or processed, you cannot cancel the transfer. There is an outbound fee of $5.00 per transfer for the Transfer Service. Fees are subject to change. Transfers are subject to the following limits unless otherwise agreed upon by you and the Bank:
a. Unlimited inbound transfers per day not to exceed a total of $25,000
b. Up to five outbound transfers per day not to exceed a total of $5,000 The above limits apply to the total of all External Transfers of a specific type for all accounts enrolled i...
External Transfer Services. External Transfer Services (Service) permits Bank customers to transfer funds to or from Service eligible accounts at TrustTexas Bank (the Bank) and other financial institutions. The External Transfer Service is available for personal online banking users only. This service is currently not available on the business online banking website. Inbound transfers move funds into an account you own at the Bank from an account you own outside the Bank. An outbound transfer moves funds from an account you own at the Bank to an account outside the Bank that is owned by you. Service can be used with certain software and hardware such as personal computer, Smartphone, or other mobile device. The use of your software and hardware in conjunction with the Service account transfer information will be captured and delivered electronically.
External Transfer Services. The External Transfers Service enables you to transfer funds: (i) between your Accounts that you maintain with us; and (ii) between your Account(s) that you maintain with us and your Account(s) that are maintained by other financial institutions. By enrolling in external transfer services, you agree to the following service terms and conditions. There is a 90-day waiting period for Service eligibility and use from the date of your enrollment. By using compatible and supported devices, the Service allows you to electronically transfer funds from your account with us to your account at another financial institution, or from your account with us to other individuals’ accounts. You must have Online Banking to use the Service. The Service is only available for accounts at U.S. financial institutions and funds are transferred in U.S. dollars. We reserve the right to modify the scope of external transfer services at any time. We reserve the right to refuse to make any transaction you request through the Service.
External Transfer Services. The External Transfers Service enables you to transfer funds: (i) between your Accounts that you maintain with us; and (ii) between your Account(s) that you maintain with us and your Account(s) that are maintained by other financial institutions. By enrolling in external transfer services, you agree to the following service terms and conditions. There is a 90-day waiting period for Service eligibility and use from the date of your enrollment.
External Transfer Services. External Transfer Services (Service) permits Bank customers to transfer funds to or from Service eligible accounts at TrustTexas Bank (the Bank) and other financial institutions. The External Transfer Service is available for personal online banking users only. This service is ELIGIBILITY REQUIREMENTS: In order to be eligible for the Service, you must be an account owner on both the internal and external account. We require verification of account ownership and activation before the Service is available. Transfers are available only for consumer accounts and for personal, family or household purposes. You can add up to five bank, credit union, or brokerage accounts eligible for funds transfers.
External Transfer Services