External Transfer Accounts definition

External Transfer Accounts assuming, of course, that the transfer is permitted by your other financial institution and by Applicable Law. An “inbound transfer” moves funds into an account at Bank. An “outbound transfer” moves funds from an account at Bank to an account outside of Bank. External Transfers can only be completed between accounts that are owned by the same account holder. In order to use External Transfers, you have to be an Online Banking service customer of Bank and you will need to enroll each of your non- Bank accounts that you wish to use the External Transfer Service in accordance with procedures required by Bank. • Acceptance of External Transfer Service Terms The terms set forth in this Section 3.J (the “Terms”), as well as the other applicable terms and conditions set forth in this Agreement, apply when you use the External Transfer service. Bank reserves the right to change the Terms under which the External Transfer service is offered in its sole discretion at any time in accordance with Section 4.G of this Agreement. You agree that if you continue to use the External Transfer service after we notify you of any change, you thereby accept the changes to the Terms and agree to be bound by this Agreement, as amended. If you do not accept and agree to the changes to the Terms, you will not be entitled to use the External Transfer service. If you do not agree to the changes, or if at any time you wish to discontinue your use of the External Transfer service, you can un-enroll from this service by contacting your Private Banker. To use the External Transfer service you must be at least 18 years old and be a resident of the United States. The External Transfer service is also subject to the applicable terms of the Account Agreement. Additionally, all External Transfers are also subject to the rules and regulations governing the relevant External Transfer Accounts. You agree not to effect any External Transfers from or to an FI-to-FI Account that are not allowed under the rules or regulations applicable to such accounts including, without limitation, rules or regulations designed to prevent the transfer of funds in violation of Office of Foreign Assets Control of the United States Treasury Department (“OFAC”) regulations. • Information Authorization Bank and its service provider reserve the right to obtain such additional information as we or they deem reasonably necessary to insure that you are not using the External Transfer service in violation of Applicable Law, ...
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Examples of External Transfer Accounts in a sentence

  • You hereby authorize and permit Bank and its service provider to use information submitted by you to accomplish these purposes and to configure the External Transfer service to be compatible with the External Transfer Accounts.

  • By using the External Transfer service, you represent and warrant to us that you have the right to authorize and permit us to access your External Transfer Accounts to effect such funds transfers or for any other purpose authorized by this Agreement, and you assure us that by disclosing and authorizing us to use such information you are not violating any third party rights.

  • You understand that in order to complete External Transfers, it is necessary for Bank and its service provider to access the websites and databases of Bank and other financial institutions where you hold External Transfer Accounts, as designated by you and on your behalf, to retrieve information and effect the fund transfers you request.