Electronic Fund Transfers Sample Clauses
The Electronic Fund Transfers clause governs the use and authorization of electronic methods for transferring money between accounts. It typically outlines the procedures, security measures, and responsibilities of both parties when initiating or receiving payments electronically, such as through wire transfers, ACH payments, or online banking platforms. By clearly defining the rules and expectations for electronic payments, this clause helps prevent disputes, ensures timely transactions, and allocates liability in the event of errors or unauthorized transfers.
Electronic Fund Transfers. Payment will be issued through Washington State’s Office of Financial Management’s Statewide Payee Desk. To receive payment you must register as a statewide vendor by submitting a statewide vendor registration form and an IRS W-9 form at website, ▇▇▇▇▇://▇▇▇.▇▇.▇▇▇/it-systems/statewide-vendorpayee-services. If you have questions about the vendor registration process or electronic fund transfers, you can contact Statewide Payee Help Desk at (▇▇▇) ▇▇▇-▇▇▇▇ or email ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇.
Electronic Fund Transfers. The following provisions apply only to Electronic Fund Transfers (“EFTs”). EFTs are any transfer of funds initiated with your Card(s) at an ATM or as a PIN based debit transaction (Point of Sale). You will have access to either your deposit or credit card accounts, or both if you so choose, with Commerce Bank. We can cancel these services at any time and for any reason without notice. We can also cancel your entire Account, including credit card services, and revoke your Card(s) as provided in the CANCELLATION paragraph above. This may be done by an ATM or merchant not returning your Card(s) to you. We may change the terms of this Agreement relating to EFTs without notice to you unless required by law. Our Business Days are Monday through Friday. Federal holidays are not included. Tell us AT ONCE if you believe your Card(s) has/have been lost or stolen or if you believe that an EFT has been made without your permission. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your deposit account plus your maximum overdraft line of credit. If you tell us within two Business Days after you learn of the loss or theft of your Card, you can lose no more than $50.00 if someone used your Card without your permission. If you do NOT tell us within two Business Days after you learn of the loss or theft of your Card, and we can prove that we could have stopped someone from using your Card and making transfers from your deposit account without your permission if you had told us, you could lose as much as $500.00. Also, if your deposit statement shows transfers that you did not make, including those made by Card, code or other means, tell us at once. If you do not tell us within 60 days after the deposit statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods at our discretion.
Electronic Fund Transfers. Electronic fund transfers ("EFTs") are transactions that are processed by electronic means and include, among others, the types of transactions described in this section. Your Account Agreement provides you with the information and terms about the EFTs that are permitted on your Account.
Electronic Fund Transfers. The provisions in this Section 30.F relating to EFTs other than Card transactions shall apply to My Account whether or not I am enrolled in Cash Management. I understand that My Account may be eligible for a variety of EFTs, which may be subject to separate agreements, terms and conditions. These services may include use of the Card, and the "Move Money" functionality of the App. I understand that I may be required to agree to separate terms and conditions governing the particular service I use to initiate EFTs. In addition, I understand and agree that my use of EFT services are subject to the disclosures set forth in Appendix A (Electronic Fund Transfer Disclosures), and acknowledge that I have received and reviewed such disclosures.
Electronic Fund Transfers. The Cardholder Agreement that you receive with your HSA debit card contains information about and disclosures concerning electronic fund transfers made using your debit card. See your Cardholder Agreement for further details.
Electronic Fund Transfers. Regulation E Disclosure Consumer Liability Transfer Types and Limitations
Electronic Fund Transfers. Your Account allows you to withdraw funds up to the Available Balance or make deposits through Electronic Fund Transfers (“EFTs”). EFTs are transactions that are processed by electronic means and include, among others, ACH transfers, debit or ATM card transactions and direct deposits. This Section provides you with information and important disclosures and terms about the EFTs that are permitted on your Account. You may also receive additional services through Online Banking Services provided by the Program Partner, that allow you to initiate EFTs to and from your Account that are not described in this Agreement. You will be provided separate agreements and disclosures applicable to those services by the Program Partner.
4.1 Types of EFTs Supported by Your Account Your Account allows the following types of EFTs: ▪ Direct deposits from your employer or other source of income ▪ Transfers to or from your Account to or from a linked bank account (see Section 3.6) ▪ Transfers to or from your Account to a merchant or other third party by providing the third party with your Account routing number and account number ▪ Purchases or other transactions using your debit card ▪ ATM withdrawals using your debit card or ATM card
4.2 Limitations on EFTs
Electronic Fund Transfers. Cash payments shall be made to the Grantee under the Department of Health and Human Services (HHS) Payment Management System (PMS).
Electronic Fund Transfers. Your Account allows you to withdraw funds up to the Available Balance or make deposits through Electronic Fund Transfers (“EFTs”). EFTs are transactions that are processed by electronic means and include, among others, ACH transfers, debit card transactions and direct deposits. This Section provides you with information and important disclosures and terms about the EFTs that are permitted on your Account. You may also receive additional services through Online Services that allow you to initiate EFTs to and from your Account that are not described in this Agreement. You will be provided separate agreements and disclosures applicable to those services, if applicable.
4.1 Types of EFTs Supported by Your Account Your Account allows the following types of EFTs: ▪ Direct deposits from your sources of income ▪ Transfers to or from your Account to or from a connected bank account (see Section 3.7) ▪ Transfers to or from your Account to a merchant or other third party by providing the third party with your Account routing number and account number ▪ Purchases or other transactions using your debit card ▪ ATM withdrawals using your debit card
4.2 Limitations on EFTs
Electronic Fund Transfers. The following terms apply to electronic fund transfers governed by the Electronic Fund Transfer Act (e.g., telephone and internet banking, debit card transactions, and ACH transfers). They also apply to debit card services made available to businesses and other non-consumer accounts. Any authorized signer on an account may apply for electronic fund transfer services on behalf of all authorized signers. Once an electronic fund transfer service is established, any authorized signer on your account may act alone in conducting or cancelling electronic fund transactions, regardless of the number of required signers indicated on the account’s signature card or separate agreement. • Withdraw cash from your checking or savings account; • Make deposits to your checking or savings account at one of our ATMs; • Transfer funds between your checking and savings accounts; • Pay for purchases at places that honor our Card; and • Obtain account balance information (may not reflect recent transactions and may include funds that are not available for immediate withdrawal). Some of these services may not be available at all terminals, and all deposits and payments are subject to later verification by us. If you have more than one account linked to your Card, you may designate the account for a withdrawal transaction. If you want to designate a different account for withdrawal transactions, contact a Financial Services Representative at any of our branches. You should note that we generally do not allow point-of-sale payments to be made to merchants from savings accounts or money market accounts. Your Card cannot be used to transfer money into or out of your account without a personal identification number (“PIN”) at ATMs and most POS terminals. You may be asked to sign a sales slip or provide identification, rather than enter your PIN, for certain Card transactions. At some merchants, such as gas stations, you may not be required to sign your name or enter your PIN for a Card purchase. You can select your own PIN at any of our offices or call our automated voice system at 1-800-760-BANK (2265). If you forget your PIN, please visit one of our branches and request another one. If you decide you do not want to use your Card, destroy it at once by cutting it in half and notify us in writing.