Common use of Outbound Transfers Clause in Contracts

Outbound Transfers. You may transfer funds from your Stash Banking Account to your Stash Invest Account or a bank account that you maintain with another U.S. financial institution. You agree that you will have sufficient available funds in your Stash Banking Account to cover any Outbound Transfers that you set up. If you do not, we may not initiate the transfer. If we do initiate the transfer, and there are not sufficient available funds in your Stash Banking Account, it will cause an overdraft in your account. If this happens, you are responsible for the overdraft amount. Although we may use any means to execute your instructions, we normally use the automated clearing house (ACH) to transfer funds. We will remove the funds from your Stash Banking Account when you set up the transfer. It then takes up to 4 business days before the funds are deposited to your other designated account. The cutoff time for submitting transfer instructions is 9:45 p.m. (Pacific Time). Instructions received after the cutoff hour or on a non-business day may be processed by us on the next business day. Transactions scheduled to be processed on a weekend or bank holiday will be processed on the next business day.

Outbound Transfers. You may transfer funds from your Stash Banking Debit Account to your Stash Invest Account account or a bank account that you maintain with another U.S. financial institution. You agree that you will have sufficient available funds in your Stash Banking Debit Account to cover any Outbound Transfers that you set up. If you do not, we may not initiate the transfer. If we do initiate the transfer, and there are not sufficient available funds in your Stash Banking Debit Account, it will cause an overdraft in your account. If this happens, you are responsible for the overdraft amount. Although we may use any means to execute your instructions, we normally use the automated clearing house (ACH) to transfer funds. We will remove the funds from your Stash Banking Debit Account when you set up the transfer. It then takes up to 4 business days before the funds are deposited to your other designated account. The cutoff time for submitting transfer instructions is 9:45 p.m. (Pacific Time). Instructions received after the cutoff hour or on a non-business day may be processed by us on the next business day. Transactions scheduled to be processed on a weekend or bank holiday will be processed on the next business day.