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COVERED Transfers and Withdrawals | NON-COVERED Transfers and Withdrawals |
Transfers or withdrawals made to another account of the same depositor at the same bank, if made by:
- preauthorized transfer
- automatic transfer
- by telephone, including fax, or
- with the bank's home or Internet banking service
| Transfers for the purpose of repaying loans and associated expenses at the same bank; |
Transfers or withdrawals to a third party (or to an account of the customer at another bank), if made by:
- preauthorized transfer
- automatic transfer
- by telephone, including fax, or
- with the bank's home or Internet banking service
| Transfers from one account of the depositor to another account of the same depositor, if made by:
- mail,
- customer's messenger,
- ATM, or
- in person
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Transfers to a third party (or to an account of the customer at another bank), if made by:
- check
- draft
- debit card, or
- similar order made by the depositor and payable to third parties
| Withdrawals from the account [considered payments made directly to the depositor], if made by:
- mail,
- messenger,
- ATM, or
- in person
Withdrawals made by telephone via check mailed to the depositor.
Transfers into the account.
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Copyright, Mary Beth Guard, 1997-2009. Updated 4/5/2012.
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