Common use of Transfers Between Accounts Clause in Contracts

Transfers Between Accounts. You may schedule transfers to be initiated on the current business day, on a future date, or on the same date of each month. External Transfers are subject to the restrictions in the External Transfer Agreement. Although you can enter transfer information through the Service 24 hours a day, 7 days a week, transfers can be initiated only on business days. Funds will be deducted from your account on the business day on which a transfer is to be "initiated.” This date is refer red to in this Agreement as the "Transaction Date.” Funds must be available on the Transaction Date. If you direct the initiation of a transfer to occur on a day other than a business day, it will be initiated on the following business day. You cannot cancel a transfer for any reason once you have submitted the transaction and received a confirmation number, as funds are immediately deducted from your designated account. Transfers between Triad Bank accounts must be scheduled by the electronic cut-off of 6:00 p.m. CST on any business day in order for the payment to be initiated for that business day.

Appears in 2 contracts

Sources: Personal Online Banking Agreement, Personal Online Banking Agreement

Transfers Between Accounts. You may schedule transfers to be initiated on the current business day, on a future date, or on the same date of each month. External Transfers are subject to the restrictions in the External Transfer Agreement. Although you can enter transfer information through the Service 24 hours a day, 7 days a week, transfers can be initiated only on business days. Funds will be deducted from your account on the business day on which a transfer is to be "initiated.” This date is refer red to in this Agreement as the "Transaction Date.” Funds must be available on the Transaction Date. If you direct the initiation of a transfer to occur on a day other than a business day, it will be initiated on the following business day. You cannot cancel a transfer for any reason once you have submitted the transaction and received a confirmation number, as funds are immediately deducted from your designated account. Transfers between Triad Bank accounts must be scheduled by the electronic cut-off of 6:00 p.m. CST on any business day in order for the payment to be initiated for that business day.

Appears in 1 contract

Sources: Commercial Online Banking Agreement

Transfers Between Accounts. You may schedule transfers to be initiated on the current business day, on a future date, or on the same date of each month. External Transfers are , subject to the restrictions in the External Transfer Agreement. Although you can enter transfer information through the Service 24 hours a day, 7 days a week, transfers can be initiated only on business days. Funds will be deducted from your account on the business day on which a transfer is to be "initiated." This date is refer red referred to in this Agreement as the "Transaction Date." Funds must be available on the Transaction Date. If you direct the initiation of a transfer to occur on a day other than a business day, it will be initiated on the following business day. You cannot cancel a transfer for any reason once you have submitted the transaction and received a confirmation number, as funds are immediately deducted from your designated account. Transfers between Triad Bank accounts must be scheduled by the electronic cut-off of 6:00 p.m. CST on any business day in order for the payment to be initiated for that business day.

Appears in 1 contract

Sources: Online Banking Agreement