Examples of External Transfers in a sentence
External Transfers of Funds • Make advances from one or more of your eligible loan accounts with us to a checking, savings or loan account with your depository bank; • Transfer available amounts in your eligible funds held account(s) with us to a checking, savings or loan account with your depository bank; and • Transfer available amounts in a checking or savings account in your depository bank to your eligible funds held account(s) or applied to your loan account(s) with us.
You understand that the financial institution at which an Account is maintained may contact us to verify the content and authority of External Transfers and Loan Payments instructions and any changes to those instructions.
Inbound External Transfers are when you transfer funds from an External Account into your Account.
Recurring External Transfers scheduled to occur on a non-business day will be processed on the next business day.
Additionally, External Transfers made from any line of credit account will be treated as an advance on such line of credit, and in addition to accruing interest under the terms of your line of credit agreement, will also be subject to all other terms and limitations on advances thereunder.