Common use of Internal transfer Clause in Contracts

Internal transfer. You may initiate an internal transfer using the Online Banking Service, which will allow you to debit your accounts at Abacus. Once the transfer is completed, you cannot stop or reverse this transfer. For scheduled, same-day transfers, you will need to initiate the instruction on or prior to 8AM ET. Abacus may reject a transfer instruction if there are insufficient available funds in your Account or for any other reason. In the case of insufficient available funds on a future transfer, a Bank Mail notification will be sent to you. You may cancel a future transfer by finding the transfer in 'Scheduled Transfers'. Select an account or a date range to narrow your search. Select the transfer by clicking on the date, and then you can modify or delete the transfer. A same day transfer is effective immediately and cannot be cancelled.