AUTOMATIC TRANSFER SERVICE - ATS
A banking service catered to customers which has both a particular and general meaning. On a general basis, it can denote any automatic funds transfer from customer accounts. For example, a transfer on a regular basis coming from a checking account in order to pay off a bank loan, or a monthly transfer which comes from a checking account towards a savings account.
More particularly, it denotes the overdraft protection given when an automatic transfer of funds occur from a savings account of a customer towards his or her checking account in case the funds is not enough to maintain a minimum balance or cover the unpaid checks. The customer deviates any overdraft fees and all of the hassle concerning the returned checks.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
