Common use of Transfer Services Clause in Contracts

Transfer Services. A. Internal Transfer to an Account at Velo by 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 Velo by East West Bank account(s) to other eligible account(s) held by you or another recipient at the Bank. Transfers can only be completed between consumer accounts that are held in an individual or joint- ownership capacity. For transfers between your own accounts, you must be an individual or joint owner on both the transfer from and transfer to accounts. Transfers are one-time only, and subsequent transfers to the same account or recipient must be requested on an “as needed” basis. You will generally be able to initiate 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 system maintenance or account eligibility.

Transfer Services. A. Internal Transfer to an Account at Velo by 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 Velo by East West Bank account(s) to other eligible account(s) held by you or another recipient at the Bank. Transfers can only be completed between consumer accounts that are held in an individual or joint- joint ownership capacity. For transfers between your own accounts, you must be an individual or joint owner on both the transfer from and transfer to accounts. Transfers are one-time only, and subsequent transfers to the same account or recipient must be requested on an “as needed” basis. You will generally be able to initiate 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 system maintenance or account eligibility.