Automatic Transfer Service. You may establish an automatic transfer service with us to have funds transferred automatically from one of your accounts with us to one or more other accounts that you have with us, or to repay a loan that you have with us. Federal regulation places limits on the number of automated transfers you can make from your savings and money market accounts. In most cases, we make transfers periodically on the days and for the amounts that you specify. If a scheduled transfer falls on a weekend or bank holiday, it may be made the next business day. You agree to maintain a sufficient available balance in the account(s) from which transfers will be made. If you do not maintain a sufficient available balance in such account(s), we may, in our sole discretion, complete the transfer of the amount requested, thereby creating an overdraft on the account from which the transfer is made. You agree to repay us the amounts of such overdrafts and the amount of any Overdraft Paid Item Fee(s) immediately. Alternatively, if you do not have enough available funds in your account to complete the transfer, we may refuse to make the transfer at all or in the full amount requested and we reserve the right to immediately cancel this service. Otherwise, you may cancel this service by providing us with notice of your termination in writing. This will be effective no later than five (5) business days after our receipt of your termination request. In addition to our ability to terminate this service due to insufficient available funds, we may also terminate it for any or no reason by sending you written notice.
Automatic Transfer Service. You may have funds transferred automatically from your savings or money market accounts to another account with us. Federal regulations place limits on the number of automated transfers you may make from savings and money market accounts each month. Refer to our “Consumer Products” section for these withdrawal limitations. You may schedule transfers periodically on the dates and for the amounts that you specify. Transfers can only be made on a business day. If a scheduled transfer date falls on a weekend or bank holiday, we may make the transfer on the next business day. If we are unable to complete a transfer because you do not have enough available funds in your account, we may cancel this service. Business Days Our “business days” are Monday through Friday, excluding Saturdays, Sundays, and federal holidays, even if we are open. You may use your computer to access the Online Banking services 24-hours a day, seven days a week, except when the system is unavailable. Closing an Account You, or we, in our sole discretion, may close your account at any time with or without cause. If we close your account, we may send the balance on deposit in your account by ordinary mail to your most recent address shown on our account records. We may, but are not required to, allow you to leave on deposit sufficient funds to cover outstanding items to be paid from your account. If we do allow such funds to remain on deposit, the terms and conditions of this Agreement will continue until we make a final disbursement from the account. If we do not allow you to keep any funds on deposit, we are not liable for any loss or damage that may result from not honoring any of your items or transactions that are presented or otherwise received after your account is closed. We may also report to third parties that we have closed your account. If you request us to close your account and issue the balance using an official Bank check to you or a designated payee, or to transfer funds to another financial institution by check or by wire, we may charge a fee. Complete Agreement, Captions This Agreement sets forth the entire understanding between us and you with respect to your accounts and the Services and supersedes any prior agreement, oral or written, and any other communications between you and us relating to the subject matter of this Agreement. If there is a conflict between what any of our employees or agents say, and the terms of this Agreement, the terms of this Agreement will pre...
Automatic Transfer Service. You may have funds transferred automatically from most Community Bank checking or savings accounts to another Community Bank checking or savings account or to pay a Community Bank loan or line of credit account. Federal regulation and this Agreement place limits on the number of automated transfers you may make from savings accounts each month. Please see “Limits on Withdrawals and Transfers from Savings Accounts”. Certain other restrictions may apply. You must schedule transfers to pay a Community Bank loan for the due date each month. In most other cases, you may schedule transfers periodically on the dates and for the amounts that you specify. Transfers can only be made on a business day. If a scheduled transfer date falls on a weekend or bank holiday, we may make the transfer on the next business day. If we are unable to complete a transfer because you do not have enough available funds in your account, we may cancel this service.
Automatic Transfer Service. 7. Subject to the Company’s approval, if the Customer chooses to use automatic transfer service, the Customer agrees as follows:
