Instant transfer Clause Samples
The "Instant transfer" clause establishes that ownership, rights, or funds are transferred immediately upon the occurrence of a specified event or action, without delay or additional conditions. In practice, this could mean that payment is credited to a seller’s account as soon as a buyer completes a transaction, or that title to goods passes instantly upon delivery. This clause ensures prompt execution of contractual obligations, reducing waiting periods and providing certainty to the parties involved.
Instant transfer. Transfers due to sudden events. Sudden events include non-normal occurrences that cannot be predicted at least 5 x 24 hours in advance, including sudden illness, other employees' absence without agreement, loading and unloading of ships and casualties on technical installations with vital influence on production.
Instant transfer. Shiftworkers who, due to suddent events, cf. subclause 7 d), have their shiftwork interrupted, reorganised or transferred to another team, are not entitled to a 5 x 24-hour notice. Upon transfer due to sudden events, a lump sum is paid, cf. subclause 6 (2) Allowance 5. Existing local schemes cannot be reduced by this provision.
Instant transfer. If we in our discretion make the Instant Transfer service available to you, you can use the Instant Transfer service to make near real-time6 transfer of funds from your Card to another bank account in your name at a U.S. financial institution that is associated with an eligible Visa-, MasterCard-, or Discover-branded bank-issued debit or reloadable prepaid card that accepts such transfers (each such card, an “Eligible External Debit Card,” and such type of transfer, an “Instant Transfer”). Although we may use any means to execute an Instant Transfer, funds are normally transferred via the payment network associated with your Eligible External Debit Card.
Instant transfer. If we in our discretion make the Instant Transfer service available to you and provided you have an activated physical personalized Card, you can, subject to applicable fees, use the Instant Transfer service through the Mobile App to make near real-time transfer of funds from your Account to another bank account in your name at a U.S. financial institution that is associated with an eligible Visa-, MasterCard-, or Discover-branded bank-issued debit or reloadable prepaid card that accepts such transfers (each such card, an “Eligible External Debit Card,” and such type of transfer, an “Instant Transfer”). Not all types of accounts are eligible for the Instant Transfer service and although Instant Transfers generally are processed within minutes of your request, it could take longer in some cases. The financial institution that holds the Eligible External Debit Card may take additional time to deposit the funds from an Instant Transfer. We cannot guarantee the timely delivery or return of funds as a result of a failure of another financial institution to act in a timely manner. In addition, we may delay or suspend the processing of an Instant Transfer for security and fraud purposes and as otherwise specified in this Agreement. You agree that you will have sufficient available money in your account to cover the amount of any Instant Transfer that you request, plus any applicable fees. If you do not, we may reject the Instant Transfer. We will remove the money that you have designated to be transferred from your Account and any applicable fees when you submit the Instant Transfer request to us. Although we may use any means to execute an Instant Transfer, funds are normally transferred via the payment network associated with your Eligible External Debit Card. Rolling 7-day aggregate and 30-day aggregate limits of Instant Transfers apply, up to $500 in a rolling 7- day period and up to $1,500 in a rolling 30-day period. In addition, the amount of an Instant Transfer, plus applicable fees, cannot exceed the available balance in your Account at the time the transfer is initiated.
Instant transfer. Instant transfers issued: The Bank shall make the amount of the transaction available to the Client immediately after his own account has been debited. Instant Transfers Received: The Bank shall make the amount of the transaction available to the Client immediately after his own account has been credited.
Instant transfer. Effective no earlier than January 23, 2024, rolling 7-day aggregate and 30-day aggregate limits of Instant Transfers apply, up to $500 in a rolling 7-day period and up to $1,500 in a rolling 30-day period. In addition, the amount of an Instant Transfer, plus applicable fees, cannot exceed the available balance in your Account at the time the transfer is initiated.
Instant transfer. The instant transfer is available for “local” (BFL to BFL) or for transfers via LAPNET. The beneficiary account will be credited in real time without delay. The instant transfer can be initiated in the Service unit for “local” transfer only and from e-banking or Mobile application for LAPNET transfer. Same as the Standard transfer, information must be complete and correct.
Instant transfer. An instant transfer (from BFL to BFL or by LAPNET) is received by the Bank and executed in the real time. The Customer’s account is debited/credited without any delay. The information of this debited/credited amount is immediately available in customer personal online platform.