Common use of Transfer Services Clause in Contracts

Transfer Services. A. Internal Transfer to an Account at East West Bank The Internal Transfer Service, is an account-to-account transfer service offered by the Bank. This Internal Transfer Service allows you to transfer funds from your eligible East West Bank account(s) to other eligible account(s) held by you or another recipient at the Bank. Our Red Envelope product is part of our Internal Transfer Service. Generally, transfers can only be completed between eligible accounts that are held in an individual or joint ownership capacity. The Bank may, from time-to-time and at its sole discretion, make additional ownership types available for the Internal Transfer feature, such as certain sole proprietorship, trust or fiduciary ownership types, and the availability of such either on an exception basis or as part of an enhanced service offering does not change your responsibilities under this Agreement. ▪ For transfers between your own eligible deposit accounts, you must be an individual or joint owner, or an authorized signer or agent acting in an authorized capacity, on both the eligible Transfer From and Transfer To accounts. Transfers may be a Same-Day One-Time Internal Transfer, or a One-Time or Recurring Scheduled Internal Transfer. ▪ For transfers (payments) from your own eligible deposit account(s) to your eligible Home Equity Line of Credit (HELOC) account(s), you must be an individual or joint owner on both the eligible Transfer From and Transfer To accounts. For transfers (credit line advances) from your own eligible Home Equity line of Credit (HELOC) account(s) to your eligible deposit account(s) the Transfer From and Transfer To accounts must be owned by the same combination of sole or joint owners. Transfers may be Same-Day One-Time Internal Transfers only. ▪ For transfers initiated from your own eligible accounts to another customer’s eligible account, you must be an individual or joint owner, a custodian under the Uniform Transfers to Minor Act (UTMA), or agent acting in an authorized capacity, on the eligible Transfer From account; and the recipient must be an individual or joint owner, or the custodian or minor beneficiary under the Uniform Transfers to Minor Act (UTMA), on the eligible Transfer To account. Transfers may be a Same-Day One-Time Internal Transfer only. You will generally be able to initiate or schedule an Internal Transfer through Online Banking seven days a week, 24 hours a day. However, at certain times, some or all of Internal Transfer Service may not be available due to the Bank’s processing schedule, cut-off times, system maintenance or account eligibility.

Transfer Services. A. Internal Transfer to an Account at East West Bank The Internal Transfer Service, is an account-to-account transfer service offered by the Bank. This Internal Transfer Service allows you to transfer funds from your eligible East West Bank account(s) to other eligible account(s) held by you or another recipient at the Bank. Our Red Envelope product is part of our Internal Transfer Service. Generally, transfers can only be completed between eligible accounts that are held in an individual or joint ownership capacity. The Bank may, from time-to-time and at its sole discretion, make additional ownership types available for the Internal Transfer feature, such as certain sole proprietorship, trust or fiduciary ownership types, and the availability of such either on an exception basis or as part of an enhanced service offering does not change your responsibilities under this Agreement. ▪  For transfers between your own eligible deposit accounts, you must be an individual or joint owner, or an authorized signer or agent acting in an authorized capacity, on both the eligible Transfer From and Transfer To accounts. Transfers may be a Same-Day One-Time Internal Transfer, or a One-Time or Recurring Scheduled Internal Transfer. ▪  For transfers (payments) from your own eligible deposit account(s) to your eligible Home Equity Line of Credit (HELOC) account(s), you must be an individual or joint owner on both the eligible Transfer From and Transfer To accounts. For transfers (credit line advances) from your own eligible Home Equity line of Credit (HELOC) account(s) to your eligible deposit account(s) the Transfer From and Transfer To accounts must be owned by the same combination of sole or joint owners. Transfers may be Same-Day One-Time Internal Transfers only. ▪  For transfers initiated from your own eligible accounts to another customer’s eligible account, you must be an individual or joint owner, a custodian under the Uniform Transfers to Minor Act (UTMA), or agent acting in an authorized capacity, on the eligible Transfer From account; and the recipient must be an individual or joint owner, or the custodian or minor beneficiary under the Uniform Transfers to Minor Act (UTMA), on the eligible Transfer To account. Transfers may be a Same-Day One-Time Internal Transfer only. You will generally be able to initiate or schedule an Internal Transfer through Online Banking seven days a week, 24 hours a day. However, at certain times, some or all of Internal Transfer Service may not be available due to the Bank’s processing schedule, cut-off times, system maintenance or account eligibility.

Transfer Services. A. Internal Transfer to an Account at East West Bank The Internal Transfer Service, Service is an account-to-account transfer service offered by the Bank. This Internal Transfer Service allows you to transfer funds from your eligible East West Bank account(s) to other eligible account(s) held by you or another recipient at the Bank. Our Red Envelope product is part of our Internal Transfer Service. Generally, transfers can only be completed between eligible consumer accounts that are held in an individual or joint ownership capacity. The Bank may, from time-to-time and at its sole discretion, make additional ownership types available for the Internal Transfer feature, such as certain sole proprietorship, trust or fiduciary ownership types, and the availability of such either on an exception basis or as part of an enhanced service offering does not change your responsibilities under this Agreement. ▪  For transfers between your own eligible deposit accounts, you must be an individual or joint owner, or an authorized signer or agent acting in an authorized capacity, owner on both the eligible Transfer From and Transfer To accounts. Transfers may be a Same-Day One-Time Internal Transfer, or a One-Time or Recurring Scheduled Internal Transfer. ▪  For transfers (payments) from your own eligible deposit account(s) to your eligible Home Equity Line of Credit (HELOC) account(s), you must be an individual or joint owner on both the eligible Transfer From and Transfer To accounts. For transfers (credit line advances) from your own eligible Home Equity line of Credit (HELOC) account(s) to your eligible deposit account(s) the Transfer From and Transfer To accounts must be owned by the same combination of sole or joint owners. Transfers may be Same-Day One-Time Internal Transfers only. ▪ Transfers from your HELOC account(s) to your eligible deposit account(s) are not available at this time.  For transfers initiated from your own eligible accounts to another customerconsumer’s eligible account, you must be an individual or joint owner, a custodian under the Uniform Transfers to Minor Act (UTMA), or agent acting in an authorized capacity, owner on the eligible Transfer From account; , and the recipient must be an individual or joint owner, or the custodian or minor beneficiary under the Uniform Transfers to Minor Act (UTMA), owner on the eligible Transfer To account. Transfers may be a Same-Day One-Time Internal Transfer only. You will generally be able to initiate or schedule an Internal Transfer through Online Banking seven days a week, 24 hours a day. However, at certain times, some or all of Internal Transfer Service may not be available due to the Bank’s processing schedule, cut-off times, system maintenance or account eligibility.