Outbound Transfer definition

Outbound Transfer moves funds from your Credit Union account to an FT Account. You will need to register each of your FT accounts that you wish to use for these transfers. You agree that you will only register accounts for which you have the authority to transfer funds.

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Outbound Transfer means a Transfer from your Account at OMB to an External Account. • "Pay from Account" means the account from which funds will be sent.

Outbound Transfer moves funds from an account at Firefly Credit Union to an account outside Firefly Credit Union. You will need to register each of your non-Firefly Credit Union accounts that you wish to use for these transfers. You agree that you will only attempt to register accounts for which you have the authority to transfer funds. Firefly Credit Union will post Inbound Transfers to your account on the "Deliver By" date. For Outbound Transfers, your funds will be debited on the Business Day following the "Send On" date and arrive at your external financial institution on the "Deliver By" date. Consult your external financial institution for details on when funds will post to your account. For transfers into a Firefly Credit Union account, the funds may not be available until the third Business Day after the "Deliver By" date. For transfers into Firefly Credit Union accounts, the funds will become available in accordance with the terms of your Account Agreement.

Examples of Outbound Transfer in a sentence

• In addition, the Owner shall cause the Servicer to be reimbursed for any accrued and unpaid Servicing Fees, unpaid Ancillary Income, Other Fees and for any trailing expenses representing Servicing Advances for which invoices are received by the Servicer after the Outbound Transfer Date.

• Without limiting the foregoing, the Servicer shall comply with all of the provisions of this Agreement to effect a complete transfer of the servicing with respect to the related Mortgage Loans on the related Outbound Transfer Date.

• The Servicer shall cause the books, records and accounts with respect to the related Mortgage Loans to be in accordance with all Accepted Servicing Practices on the related Outbound Transfer Date.

• The Servicer shall transmit to the applicable taxing authorities and insurance companies (including primary mortgage insurance policy insurers, if applicable) and/or agents, notification of the transfer of the servicing to the Owner, or its designee, and instructions to deliver all notices, tax bills and insurance statements, as the case may be, to the Owner from and after the related Outbound Transfer Date.

• Any Mortgage Loan service released by the Servicer shall be released on actual balances as of the Outbound Transfer Date.

• Subject to the limitations set forth in the definition of “Nonrecoverable Advances”, the Servicer shall be entitled to be reimbursed for all unreimbursed Servicing Advances and any other advances made by the Servicer pursuant to this Agreement with respect to any Mortgage Loan on the related Outbound Transfer Date, but only if the successor servicer after the related Outbound Transfer Date is not the Servicer or an Affiliate.

• The Servicer shall provide to the Owner, or its designee, copies of all assumption and payoff statements generated by the Servicer on the related Mortgage Loans from the related Cut-off Date to the related Outbound Transfer Date.

• This Agreement shall terminate with respect to the related Mortgage Loans on the related Outbound Transfer Date, except that Articles VI, VIII, IX, and XII, and Sections 13.14, 13.15, 13.16, 13.17 and 13.18 shall survive such termination.

• Owner shall provide the Servicer not less than twenty (20) days’ prior written notice of the Outbound Transfer Date.

• The amount of any related Monthly Payments received by the Servicer after the related Outbound Transfer Date shall be forwarded to the Owner or its designee within two (2) Business Days after the date of receipt.

More Definitions of Outbound Transfer

Outbound Transfer means a Transfer from your Account at Great Southern Bank to an External Account.

Outbound Transfer moves funds from an account at Iowa State Savings Bank to an account outside Iowa State Savings Bank. You will need to register each of your non-Iowa State Savings Bank accounts that you wish to use for these transfers. You agree that you will only attempt to register accounts for which you have the authority to transfer funds. Iowa State Savings Bank will post Inbound Transfers to your account on the "Deliver By" date. For Outbound Transfers, your funds will be debited on the Business Day following the "Send On" date and arrive at your external financial institution on the "Deliver By" date. Consult your external financial institution for details on when funds will post to your account. For transfers into an Iowa State Savings Bank account, the funds may not be available until the third Business Day after the "Deliver By" date. For transfers into Iowa State Savings Bank accounts, the funds will become available in accordance with the terms of your Account Agreement.

Outbound Transfer means an electronic transfer of funds from your account at United Federal Credit Union to an External Account.

Outbound Transfer moves funds from an account at First South Financial Credit Union to an account outside First South Financial Credit Union. You will need to register each of your non-First South Financial Credit Union accounts that you wish to use for these transfers. You agree that you will only attempt to register accounts for which you have the authority to transfer funds. First South Financial Credit Union will post Inbound Transfers to your account on the "Deliver By" date. For Outbound Transfers, your funds will be debited on the Business Day following the "Send On" date and arrive at your external financial institution on the "Deliver By" date. Your specific transaction time may vary from this and we do not guarantee any specific turnaround time for transfers. Consult your external financial institution for details on when funds will post to your account. Inbound Transfers may not be available until the fourth Business Day after the “Delivery By” date. For transfers into First South Financial Credit Union accounts, the funds will become available in accordance with the terms of your Account Agreement.