The Internet Banking Services Clause Samples

The Internet Banking Services. In consideration of the Internet Banking service ("Services”) to be provided by Waypoint Bank ("BANK"), as described from time to time in information distributed by BANK to its customers. In this Agreement, "Customer" refers to the person(s) subscribing to or using the Services. The Customer agrees as follows: You may use a Personal Computer ("PC") through an internet connection to obtain account balances and transaction information. You may also use your PC to obtain statements on your accounts and to transfer money between your accounts. However, transfers from your savings and Money Market accounts are considered pre-authorized transfers, and pre-authorized transfers are limited to six (6) per calendar month or statement cycle (or similar period) of at least 4 weeks. In addition, you may use your PC to electronically direct us to make payments from your account to third parties ("Payees") that you have selected to receive payment through the Services. You may make payments through the Services to any business professional, merchant, family member, or friend. The "Account" means your designated Bill Payment checking account at BANK from which we make bill payments on your behalf pursuant to the Agreement. By subscribing to the Services or using the Services to make any payments to a third party, you agree to the terms of the Agreement. PLEASE READ THIS AGREEMENT CAREFULLY AND KEEP A COPY FOR YOUR RECORDS.