Scheduled Transfers Clause Samples
The Scheduled Transfers clause establishes the terms under which regular, pre-arranged transfers of funds or assets will occur between parties. Typically, this clause outlines the frequency, amount, and method of each transfer, such as monthly payments from one account to another or periodic delivery of goods. By clearly defining the schedule and process for these transfers, the clause ensures predictability and helps both parties manage their financial planning, reducing the risk of missed payments or misunderstandings.
Scheduled Transfers. Scheduled Transfers using the New Scheduled Transfer option or through the Transfer List are processed at 5:00 pm on the date the Transfer is scheduled to take place. If the date the Transfer is scheduled to take place falls on a weekend or Bank holiday, the Transfer will be made the following Business Day. You may use Online Banking to cancel or amend a Scheduled Transfer at any time before 5:00 pm on the Business Day the transfer is scheduled to take place.
Scheduled Transfers. Scheduled Transfer of funds between your Heritage Bank deposit Accounts or between your Heritage Bank deposit and Heritage Bank loan Accounts will be processed as follows:
(1) the transfer will be debited from
Scheduled Transfers. For purposes of this Article V only, if an individual is, by mutual agreement between the parties, scheduled to transfer employment shortly after the Distribution Date between the PMI Group and the Altria Group, such individual shall be treated as employed on the Distribution Date by the entity to which he or she is scheduled to transfer.
Scheduled Transfers. You may make scheduled transfers as follows:
Scheduled Transfers. The Online Banking Scheduled Transfer Date, as indicated by you, must always be a business day (as defined by our Owner’s Manual). If it is not, the Scheduled Transfer Date will be deemed to be the first business day following the date indicated. You may cancel or modify a Scheduled Transfer up to 1:00p.m. Central Time on the Business Day that the transfer is scheduled to occur. Scheduled Transfers are processed after 1:00p.
Scheduled Transfers. Scheduled Transfer of funds between your Heritage Bank deposit Accounts or between your Heritage Bank deposit and Heritage Bank loan Accounts will be processed as follows:
(1) the transfer will be debited from your funding Account when you execute the transfer on the transfer date (regardless of the day or time we receive your instructions); and
(2) the transfer will be credited to your receiving Account during our nightly processing on the day the transfer is scheduled, provided that:
(i) the transfer date you designate is a Business Day,
(ii) we receive your instruction to transfer the funds no later than 6:00 p.m. Central Time/CST on the transfer date, and
(iii) in the event the receiving account has already settled for the day, the transfer will be credited the following business day but will be dated for the intended credit date. If you designate a non-Business Day as the transfer date, or if we receive your transfer instructions after 6:30 p.m. Central Time/CST on the transfer date, the transferred funds will be credited to your Account as of the next Business Day following the transfer date.
Scheduled Transfers. Scheduled account transfers are one-time future –dated transfers and may be initiated one day to 365 days in advance. Transfers will process and post on the first available business day as they are scheduled. The maximum amount of your transfer is the amount of your available balance.
Scheduled Transfers. Please note that AuburnBank Online identifies scheduled transfers based upon the Security Code of the Authorized User who made the electronic transfer. Customer agrees that the Scheduled Transfer screens in both the Transfer and ▇▇▇▇ ▇▇▇▇▇ menu options of AuburnBank Online will not reflect scheduled transfers made by multiple Authorized Users from the same Account if different Security Codes are used. Customer agrees to communicate with any other persons with authorized access to the Accounts concerning any scheduled transfers or ▇▇▇▇ payments from the Accounts in order to avoid overdrafts.
Scheduled Transfers. Scheduled Transfer of funds from a deposit Account to a line of credit or loan Account will be processed as follows:
(1) the transfer will be debited from your deposit Account when you execute the transfer on the transfer date (regardless of the day or time we receive your instructions); and (2) the transfer will be credited to Account during our nightly processing of the loan Account. The transfer will be credited to your line of credit or loan Account on the transfer date if (i) the transfer date you designate is a Business Day and (ii) we receive your instruction to transfer the funds to your loan Account no later than 5:00 p.m. ET (4:30 p.m. ET for Access CB customers) on the transfer date. If you designate a non-Business Day as the transfer date, or if we receive your transfer instructions after 5:00 p.m. ET on the transfer date, the transferred funds may be credited to your loan Account as of the next Business Day following the transfer date.
Scheduled Transfers. 1. By signing and submitting the application form for scheduled transfers, the Depositor accepts the following terms and conditions for handling such transfers with the Bank. The Depositor unconditionally authorizes the Bank to debit his / her Account through any other means authorized by the Bank and accepted by the Depositor, the registered value corresponding to the periodic payments determined by the Depositor.
2. The Depositor agrees to have sufficient funds in his / her Accounts, or to keep the availability of space, in each case, to cover the amount invoiced on the day of collection. The Bank is authorized to deliver the debited sum to the recipient of the payment designated by the Depositor.
3. The Bank does not assume any responsibility in the event that the Account is a joint Account, and the request is not signed by all the holders. The Bank will charge the invoiced value to the accounts, as long as it does not imply lowering the minimum balance required by The Bank.
4. Likewise, the Bank may debit the Account on a different date than the one indicated in those cases in which the Bank has any technical or operational inconvenience that does not allow debiting the Account opportunely.
5. The Depositor accepts as proof of the operations carried out the records, tapes, online account statements, or any voucher that originates the authorizations given by the Depositor in the Bank or third parties beneficiaries of the collection.
6. The Depositor must immediately notify the Bank in writing of any change of address, telephone number or any other information registered in the application, as well as any other news, modification or withdrawal of service, via email to the following address ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇.
7. The Depositor may cancel the authorization of scheduled transfers by written communication addressed to the Bank, with ten (10) business days prior to the date on which it will be effective. The Bank will not be responsible for automatic payment, if the counter-order is not presented in the indicated manner.
8. The Bank will inform the amounts debited, through the status of your Account and will only attend claims for situations attributable to it, within a maximum period of forty-five