Transfer cutoff time Clause Samples
The Transfer Cutoff Time clause establishes a specific deadline by which transfer instructions or requests must be received to be processed on the same business day. In practice, this means that any transfer requests submitted after the designated cutoff time will be processed on the next business day, affecting the timing of fund movements or asset transfers. This clause ensures operational clarity and helps manage expectations regarding the timing of transfers, thereby reducing disputes and administrative confusion related to late submissions.
Transfer cutoff time. The current transfer cutoff time is listed on the Online Banking Service and may be changed by us without notice. A change is effective immediately.
Transfer cutoff time. The current transfer cutoff time is listed on myTrustmark℠ and may be changed by us without notice. A change is effective immediately.
Transfer cutoff time. We must receive your instruction to initiate a Bank-to-Bank Transfer prior to the following cutoff times. If we do not receive your instruction before that time, we cannot process the transaction until the next business day.
a. Standard Inbound and Outbound 1:00 a.m. EST (12:00 a.m. CST)
b. Next Day Inbound and Outbound 8:00 p.m. EST (7:00 p.m. CST)