Common use of Transferring Funds Clause in Contracts

Transferring Funds. You may make one-time or Preauthorized Recurring Transfers of funds from many of your UMB deposit accounts or line of credit accounts to certain other UMB Accounts that you can access through Online Banking, including other deposit accounts, lines of credit, credit cards, and installment loans. For example, you can request an advance from your UMB line of credit to a deposit account at UMB through Online Banking; however, that function is not available in states such as Texas where advances under home equity lines of credit must meet defined loan to value parameters. You can transfer funds from a UMB deposit account to pay a UMB line of credit. You may not use Online Banking to obtain an advance (loan) directly from one line of credit account to make a payment on another UMB line of credit account. You may not use Online Banking to transfer funds out of a UMB CD or XXX to other UMB Accounts, or to transfer funds from another UMB Account into a CD or XXX. Also, if your Account is a savings account or another type of Account that limits the number of transactions you may make during a statement period, the payments and transfers you make through the Service are counted towards those limits. If you exceed those limits, a fee may apply for each excess transaction. See our Account disclosures for the limitations on permissible transfers, any fees that apply if you exceed those limits, and other applicable rules. When you make a transfer or payment using Online Banking, but you do not have sufficient funds in the Account, and you have overdraft protection attached to that deposit account, an advance may be made from the overdraft line of credit, in accordance with the terms governing your overdraft line of credit account, to fund the payment. Your line of credit account may be charged an overdraft advance fee, and you will incur interest charges. When we receive transfer instructions from you or any User on your behalf, you authorize us to debit your transfer “From Account” for the indicated amount and transfer the funds on your behalf to the transfer “To Account” designated by you. If we credit the transfer amount to the transfer “To Account”, but the debit is returned to us for any reason, including but not limited to insufficient funds in the transfer “From Account”, you authorize us to reverse from your transfer “To Account” the amount of the returned debit, and you may incur an NSF fee in the transfer “From Account”. It is your responsibility to ensure the accuracy of the information you enter when you request a transfer of funds, and to inform us as soon as possible if you become aware that any information you entered was inaccurate. If you notify us promptly through Online Banking Customer Support that you made a mistake in entering a transfer, we will make reasonable efforts to stop or recover a transfer directed to the wrong transfer “To Account”. However, if you call us after the cut-off time for cancelling the transaction in Online Banking, we will not be able to prevent the transfer from occurring. We do not guarantee that any attempt on our part to reverse a transaction or to recover your funds will be successful and are not responsible or liable for any damages resulting from incorrect information entered by you or any other party to a transfer.

Transferring Funds. You may make one-time or Preauthorized Recurring Transfers of funds from many of your UMB deposit accounts or line of credit accounts to certain other UMB Accounts that you can access through Online Banking, including other deposit accounts, lines of credit, credit cards, and installment loans. For example, you can request an advance from your UMB line of credit to a deposit account at UMB through Online Banking; however, that function is not available in states such as Texas where advances under home equity lines of credit must meet defined loan to value parameters. You can transfer funds from a UMB deposit account to pay a UMB line of credit. You may not use Online Banking to obtain an advance (loan) directly from one line of credit account to make a payment on another UMB line of credit account. You may not use Online Banking to transfer funds out of a UMB CD or XXX IRA to other UMB Accounts, or to transfer funds from another UMB Account into a CD or XXXIRA. Also, if your Account is a savings account or another type of Account that limits the number of transactions you may make during a statement period, the payments and transfers you make through the Service are counted towards those limits. If you exceed those limits, a fee may apply for each excess transaction. See our Account disclosures for the limitations on permissible transfers, any fees that apply if you exceed those limits, and other applicable rules. When you make a transfer or payment using Online Banking, but you do not have sufficient funds in the Account, and you have overdraft protection attached to that deposit account, an advance may be made from the overdraft line of credit, in accordance with the terms governing your overdraft line of credit account, to fund the payment. Your line of credit account may be charged an overdraft advance fee, and you will incur interest charges. When we receive transfer instructions from you or any User on your behalf, you authorize us to debit your transfer “From Account” for the indicated amount and transfer the funds on your behalf to the transfer “To Account” designated by you. If we credit the transfer amount to the transfer “To Account”, but the debit is returned to us for any reason, including but not limited to insufficient funds in the transfer “From Account”, you authorize us to reverse from your transfer “To Account” the amount of the returned debit, and you may incur an NSF fee in the transfer “From Account”. It is your responsibility to ensure the accuracy of the information you enter when you request a transfer of funds, and to inform us as soon as possible if you become aware that any information you entered was inaccurate. If you notify us promptly through Online Banking Customer Support that you made a mistake in entering a transfer, we will make reasonable efforts to stop or recover a transfer directed to the wrong transfer “To Account”. However, if you call us after the cut-off time for cancelling the transaction in Online Banking, we will not be able to prevent the transfer from occurring. We do not guarantee that any attempt on our part to reverse a transaction or to recover your funds will be successful and are not responsible or liable for any damages resulting from incorrect information entered by you or any other party to a transfer.

Transferring Funds. You may make one-time or Preauthorized Recurring Transfers preauthorized recurring transfers of funds from many of your UMB deposit accounts or line of credit accounts to certain other UMB Accounts that you can access through Online Banking, including other deposit accounts, lines of credit, credit cards, and installment loans. For example, you can request an advance from your UMB home equity line of credit to a deposit account at UMB through Online Banking; however, that function is not available in states such as Texas where advances under home equity lines of credit must meet defined loan to value parameters. You can transfer funds from a UMB deposit account to pay a UMB line of credit. You may not use Online Banking to obtain an advance (loan) directly from one line of credit account to make a payment on another UMB line of credit account. You may not use Online Banking to make contributions (transfers) to your HSA from another Account you have; you must use our HSA Online Access platform for those transactions. You may not use Online Banking to transfer funds out of a UMB CD or XXX IRA to other UMB Accounts, or to transfer funds from another UMB Account into a CD or XXXIRA. Also, if your Account is a savings account or another type of Account that limits the number of transactions you may make during a statement period, the payments and transfers you make through the Service are counted towards those limits. If you exceed those limits, a fee may apply for each excess transaction. See our Account disclosures Disclosures for the limitations on permissible transfers, any fees that apply if you exceed those limits, and other applicable rules. When you make a transfer or payment using UMB Online Banking, but you do not have sufficient funds in the AccountUMB deposit account, and you have overdraft protection attached to that deposit account, an advance may be made from the overdraft line of credit, in accordance with the terms governing your overdraft line of credit account, to fund the payment. Your line of credit account may be charged an overdraft advance fee, and you will incur interest charges. When we receive transfer instructions from you or any other User on your behalf, you authorize us to debit your transfer “From AccountTransfer-From” Account for the indicated amount amount, and transfer the funds on your behalf to the transfer “To AccountTransfer-To” Account designated by you. If we credit the transfer amount to the transfer “To Transfer-To” Account”, but the debit is returned to us for any reason, including but not limited to insufficient funds in the transfer “From Transfer-From” Account”, you authorize us to reverse from your transfer “To AccountTransfer-To” Account the amount of the returned debit, and you may incur an NSF fee in the transfer “From Transfer-From” Account”. It is your responsibility to ensure the accuracy of the information you enter when you request a transfer of funds, and to inform us as soon as possible if you become aware that any information you entered was inaccurate. If you notify us promptly through Online Banking Customer Support that you made a mistake in entering a transfer, we will make reasonable efforts to stop or recover a transfer directed to the wrong transfer “To Transfer-To” Account”. However, if you call us after the cut-off time for cancelling the transaction in Online Banking, we will not be able to prevent the transfer from occurring. We do not guarantee that any attempt on our part to reverse a transaction or to recover your funds will be successful successful, and are not responsible or liable for any damages resulting from incorrect information entered by you or any other party to a transfer.

Transferring Funds. You may make one-time or Preauthorized Recurring Transfers preauthorized recurring transfers of funds from many of your UMB deposit accounts or line of credit accounts to certain other UMB Accounts that you can access through Online Banking, including other deposit accounts, lines of credit, credit cards, and installment loans. For example, you can request an advance from your UMB home equity line of credit to a deposit account at UMB through Online Banking; however, that function is not available in states such as Texas where advances under home equity lines of credit must meet defined loan to value parameters. You can transfer funds from a UMB deposit account to pay a UMB line of credit. You may not use Online Banking to obtain an advance (loan) directly from one line of credit account to make a payment on another UMB line of credit account. You may not use Online Banking to make contributions (transfers) to your HSA from another Account you have. You must use our HSA Online Access platform for those transactions. You may not use Online Banking to transfer funds out of a UMB CD or XXX IRA to other UMB Accounts, or to transfer funds from another UMB Account into a CD or XXXIRA. Also, if your Account is a savings account or another type of Account that limits the number of transactions you may make during a statement period, the payments and transfers you make through the Service are counted towards those limits. If you exceed those limits, a fee may apply for each excess transaction. See our Account disclosures Disclosures for the limitations on permissible transfers, any fees that apply if you exceed those limits, and other applicable rules. When you make a transfer or payment using UMB Online Banking, but you do not have sufficient funds in the AccountUMB deposit account, and you have overdraft protection attached to that deposit account, an advance may be made from the overdraft line of credit, in accordance with the terms governing your overdraft line of credit account, to fund the payment. Your line of credit account may be charged an overdraft advance fee, and you will incur interest charges. When we receive transfer instructions from you or any other User on your behalf, you authorize us to debit your transfer “From AccountTransfer-From” Account for the indicated amount and transfer the funds on your behalf to the transfer “To AccountTransfer-To” Account designated by you. If we credit the transfer amount to the transfer “To Transfer-To” Account”, but the debit is returned to us for any reason, including but not limited to insufficient funds in the transfer “From Transfer-From” Account”, you authorize us to reverse from your transfer “To AccountTransfer-To” Account the amount of the returned debit, and you may incur an NSF fee in the transfer “From Transfer-From” Account”. It is your responsibility to ensure the accuracy of the information you enter when you request a transfer of funds, and to inform us as soon as possible if you become aware that any information you entered was inaccurate. If you notify us promptly through Online Banking Customer Support that you made a mistake in entering a transfer, we will make reasonable efforts to stop or recover a transfer directed to the wrong transfer “To Transfer-To” Account”. However, if you call us after the cut-off time for cancelling the transaction in Online Banking, we will not be able to prevent the transfer from occurring. We do not guarantee that any attempt on our part to reverse a transaction or to recover your funds will be successful and are not responsible or liable for any damages resulting from incorrect information entered by you or any other party to a transfer.

Transferring Funds. You may make one-time or Preauthorized Recurring Transfers preauthorized recurring transfers of funds from many of your UMB deposit accounts or line of credit accounts to certain other UMB Accounts that you can access through Online Banking, including other deposit accounts, lines of credit, credit cards, and installment loans. For example, you can request an advance from your UMB home equity line of credit to a deposit account at UMB through Online Banking; however, that function is not available in states such as Texas where advances under home equity lines of credit must meet defined loan to value parameters. You can transfer funds from a UMB deposit account to pay a UMB line of credit. You may not use Online Banking to obtain an advance (loan) directly from one line of credit account to make a payment on another UMB line of credit account. You may not use Online Banking to make contributions (transfers) to your HSA from another Account you have; you must use our HSA Online Access platform for those transactions. You may not use Online Banking to transfer funds out of a UMB CD or XXX to other UMB Accounts, or to transfer funds from another UMB Account into a CD or XXX. Also, if your Account is a savings account or another type of Account that limits the number of transactions you may make during a statement period, the payments and transfers you make through the Service are counted towards those limits. If you exceed those limits, a fee may apply for each excess transaction. See our Account disclosures Disclosures for the limitations on permissible transfers, any fees that apply if you exceed those limits, and other applicable rules. When you make a transfer or payment using UMB Online Banking, but you do not have sufficient funds in the AccountUMB deposit account, and you have overdraft protection attached to that deposit account, an advance may be made from the overdraft line of credit, in accordance with the terms governing your overdraft line of credit account, to fund the payment. Your line of credit account may be charged an overdraft advance fee, and you will incur interest charges. When we receive transfer instructions from you or any other User on your behalf, you authorize us to debit your transfer “From AccountTransfer-From” Account for the indicated amount amount, and transfer the funds on your behalf to the transfer “To AccountTransfer-To” Account designated by you. If we credit the transfer amount to the transfer “To Transfer-To” Account”, but the debit is returned to us for any reason, including but not limited to insufficient funds in the transfer “From Transfer-From” Account”, you authorize us to reverse from your transfer “To AccountTransfer-To” Account the amount of the returned debit, and you may incur an NSF fee in the transfer “From Transfer-From” Account”. It is your responsibility to ensure the accuracy of the information you enter when you request a transfer of funds, and to inform us as soon as possible if you become aware that any information you entered was inaccurate. If you notify us promptly through Online Banking Customer Support that you made a mistake in entering a transfer, we will make reasonable efforts to stop or recover a transfer directed to the wrong transfer “To Transfer-To” Account”. However, if you call us after the cut-off time for cancelling the transaction in Online Banking, we will not be able to prevent the transfer from occurring. We do not guarantee that any attempt on our part to reverse a transaction or to recover your funds will be successful successful, and are not responsible or liable for any damages resulting from incorrect information entered by you or any other party to a transfer.