Common use of Automatic Transfers Clause in Contracts

Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through the Automated Clearing House). Pre-authorized transfers do not include: • individual transfers we initiate under an agreement with you, but without your specific request (e.g., automatic savings and automatic loan payments to us from your account); or • transfers initiated by telephone. Please note that if federal recurring or other electronic payments are made to your account, the payments may be affected by a change in account status. If you plan to transfer your account or change its status, please call us at 000-000-0000 in advance, about the impact the change may have on your electronic fund transfer services. Transaction Limitations Your ability to transfer funds using Online and Mobile Banking services may be subject to limitations on the frequency or dollar amount of permitted transfers, as disclosed in the sections of this Agreement describing such services.

Automatic Transfers. Pre-authorized electronic fund transfers may be made to your account from a third party (e.g., Social Security, a pension fund or your employer) or from your account to a third party (e.g., recurring mortgage or insurance payments through the Automated Clearing House). Pre-authorized transfers do not include: • x individual transfers we initiate under an agreement with you, but without your specific request (e.g., automatic savings and automatic loan payments to us from your account); or • x transfers initiated by telephone. Please note that if federal recurring or other electronic payments are made to your account, the payments may be affected by a change in account status. If you plan to transfer your account or change its status, please call us at 000-000-0000 in advance, about the impact the change may have on your electronic fund transfer services. Transaction Limitations Your ability to transfer funds using Online and Mobile Banking services may be subject to limitations on the frequency or dollar amount of permitted transfers, as disclosed in the sections of this Agreement describing such services.