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 in the Service. We may change your dollar limits and transfer limits at any time. Holds will be placed on inbound funds over the amount of $ 1,000.00 for a period of 2 business days. 5.2 Transfers via Zelle Network. We have partnered with Zelle Network (“Zelle”) to enable a convenient way to transfer money between you and others who are enrolled directly with Zelle® or enrolled with another financial institution that partners with ▇▇▇▇▇ (each, a “User”) using aliases, such as email addresses or mobile phone numbers (the “Service”).
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