Processing of Transfer Requests Sample Clauses
The "Processing of Transfer Requests" clause outlines the procedures and requirements for handling requests to transfer assets, rights, or obligations under an agreement. It typically specifies the steps a party must follow to initiate a transfer, such as submitting written notice or providing necessary documentation, and may set timelines for review and approval by the other party. This clause ensures that transfers are managed in an orderly and transparent manner, preventing unauthorized or improper transfers and protecting the interests of all parties involved.
Processing of Transfer Requests. Internal Transfers can be made on a one-time or recurring basis. One-time Internal Transfers may be immediate or scheduled for a future date. The recurring Internal Transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-hundred dollar ($100) transfer from a checking Account to a savings Account which occurs every two (2) weeks. You agree to have Sufficient Available Funds or available credit in the Account to be debited on the date each transfer is scheduled to occur. At the time you schedule an Internal Transfer, we provide you with the cut-off times for each Internal Transfer and the amount of funds available in the Account to be debited. For immediate Internal Transfers, we will post all Internal Transfer requests received before the cut-off time on the same Business Day. If an immediate Internal Transfer request is received after the cut-off time, it will be posted on the next Business Day. For same-day Internal Transfers to deposit Accounts, the funds will be available immediately in your deposit Account.
Processing of Transfer Requests a) Transfers can be made, on a one-time or recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-hundred dollar ($100) transfer from a checking to a savings account which occurs every two
Processing of Transfer Requests. Transfers can be made in two (2) ways, on a one (1)-time or recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals. For example, a $100 transfer from a checking to a savings account which occurs every two (2) weeks. One-time immediate transfers can be made from a linked 1st Capital Bank checking, savings, money market, line of credit, account to most other linked 1st Capital Bank accounts. Scheduled and recurring transfers can be made from a linked 1st Capital Bank checking, savings, money market account to a linked checking or savings account. Transfers can be made from a linked 1st Capital Bank personal or small business checking, savings, money market or line of credit account to most personal or small business checking, savings, or money market accounts of other 1st Capital Bank customers. Some account types, including those with foreign addresses, cannot be set up to receive funds. Transfers from a deposit account are immediately reflected in the account's available balance.
Processing of Transfer Requests a) Internal Transfers can be made, on a one-time or recurring basis. One-time Internal Transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals, such as, a one-hundred dollar ($100) transfer from a checking to a savings account which occurs every two (2) weeks. You agree to have sufficient available funds or available credit on the date each transfer is scheduled to occur.
b) At the time you schedule a transfer, we provide you with the cut-off times for each transfer and the amount of funds available. All Internal Transfers received before the cut-off time will be processed on the day the Internal Transfer is scheduled to occur.
c) Administrators may limit the daily and per transaction amount for Internal Transfers for any Account by each Authorized User.
Processing of Transfer Requests. Transfers can be made in two ways, on a one-time or recurring basis. One-time transfers may be immediate or scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals. One-time immediate transfers can be made from a linked Bank checking or savings account to most linked Bank accounts. Scheduled and recurring transfers can be made from a linked Bank checking or savings account to a linked Bank checking or savings account. Transfers from a deposit account are immediately reflected in the account's available balance.
Processing of Transfer Requests a) You must give us instructions in the content and formatting standards that we may require fromtime to time, in order to request, schedule, process, and settle the transfer. You are solely responsible for ensuring the accuracy of any information that you provide in your transfer instructions, identifying any errors contained in your instructions, and informing us as soon as possible if you become aware of any such errors. We are not under any obligation to complete arequest for a transfer until such time as we obtain all information required to process the instruction in accordance with the terms and conditions of this Agreement.
b) As you may determine in your instructions, your instruction will either authorize us to debit your Transaction Account and send funds on your behalf to the other Transaction Account designated by you; or, as applicable, to credit your Transaction Account when we receive funds from the other Transaction Account designated by you. You also authorize us to reverse a debit if the debit is returned for any reason; or a credit if the remittance is not honored by us for any reason.
c) Transfers can be made on a one-time or recurring basis. One-time transfers may be immediateor scheduled for a future date. The recurring transfer feature may be used when a set amount is transferred at regular intervals. You agree that you will maintain sufficient available funds or available credit on the date each transfer is scheduled to occur.
d) At the time you schedule a transfer, we will provide you with the amount of funds available. All transfer requests received before the cut-off time will be processed on the Business Day the transfer is scheduled to occur, and any transfer requests received after the cut- off time will be processed on the next Business Day.
e) When you make a transfer from an Account, the options to send the funds that are available to you will display in Consumer e-Banking or Business e-Banking, as applicable. One or more options may be available to you. Each option will include the estimated time of processing of the funds from your Account. Funds received from a transfer will not be available to you until we actually receive the funds from the other Transaction Account. Estimated times that we provide in online banking are subject to change. You acknowledge and agree that, due to circumstances beyond our control and/or in accordance with the provisions of this Agreement, transfers may be processed after the estimated dat...
Processing of Transfer Requests. Transfers can be made on a one-time or recurring basis and may be scheduled to transact immediately or for a future date. Transfers can be made to or from a checking, savings or line of credit account. A transfer/advance from a line of credit requires pre-approval from an appropriate Crossroads Bank Representative.