Common use of Processing Fund Transfers Clause in Contracts

Processing Fund Transfers. You (or an Authorized User) may transfer funds from a linked account to a deposit account with us, to a loan with us, to a credit card with us, or to a deposit account at another bank (“transfer”). External bank to bank transfers are available for consumer accounts only. If your Online Banking Service allows transfers from a linked account to a deposit account with us, to a loan with us or to a credit card with us but not to deposit accounts at other banks, you (or an Authorized User) may add the right to transfer funds from a linked account to deposit account(s) at other bank(s) by using the Secure Messages link in the Online Banking Service (or any other method acceptable to us) and providing information required by us. (You agree that we may place restrictions on making transfer(s) to deposit account(s) at another bank(s) You (or an Authorized User) may add or delete (“change”) linked account(s) and/or accounts to which transfers may be made by using the Secure Messages Link in the Online Banking Service (or another method acceptable to us) and providing the information we require. A change is effective when we act on it. You authorize us to act on and process transfer instruction(s) sent on the Online Banking Service via the Security Procedures. You agree that the following terms apply to transfers.