Common use of External Transfer Services Clause in Contracts

External Transfer Services. External Transfer Services (Service) permits Bank customers to transfer funds to or from Service eligible accounts at TrustTexas Bank (the Bank) and other financial institutions. The External Transfer Service is available for personal online banking users only. This service is currently not available on the business online banking website. Inbound transfers move funds into an account you own at the Bank from an account you own outside the Bank. An outbound transfer moves funds from an account you own at the Bank to an account outside the Bank that is owned by you. Service can be used with certain software and hardware such as personal computer, Smartphone, or other mobile device. The use of your software and hardware in conjunction with the Service account transfer information will be captured and delivered electronically.

Appears in 1 contract

Sources: Online Banking Account Agreement

External Transfer Services. External Transfer Services (Service) permits Bank customers to transfer funds to or from Service eligible accounts at TrustTexas Bank (the Bank) and other financial institutions. The External Transfer Service is available for personal online banking users only. This service is currently not available on the business online banking website. Inbound transfers move funds into an account you own at the Bank from an account you own outside the Bank. An outbound transfer moves funds from an account you own at the Bank to an account outside the Bank that is owned by you. Service can be used with certain software and hardware such as personal computer, Smartphone, or other mobile device. The use of your software and hardware in conjunction with the Service account transfer information will be captured and delivered electronically. ELIGIBILITY REQUIREMENTS: In order to be eligible for the Service, you must be an account owner on both the internal and external account. We require verification of account ownership and activation before the Service is available. Transfers are available only for consumer accounts and for personal, family or household purposes. You can add up to five bank, credit union, or brokerage accounts eligible for funds transfers.

Appears in 1 contract

Sources: Online Banking Agreement