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:(a) transactions initiated by check, draft or similar paper instrument, (b) transfers to or from business or other non-personal accounts, (c) 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 (d) certain transfers initiated by telephone. If federal recurring or other electronic payments are made into your account, the payments may be affected by a change in account status or transfer (e.g., to another branch office).

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 Housechecks converted to electronic automated clearing house ("ACH") transactions). Pre-authorized transfers do not include:(ainclude: (a) transactions initiated by check, draft or similar paper instrument, (b) transfers to or from business or other non-non- personal accounts, (c) 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 (d) certain transfers initiated by telephone. If federal recurring or other electronic payments are made into your account, the payments may be affected by a change in account status or transfer (e.g., to another branch office).telephone outside of our