Common use of ACH Authorization Clause in Contracts

ACH Authorization. Client authorizes a one time and/or regularly scheduled charges to Clients checking/savings account. Client will be charged the amount indicated in this Terms and Service agreement, unless otherwise agreed upon by Client and Loyalty Health in writing. The Agency charge will appear on clients’ bank statement as a Loyalty Health ACH Debit. Client agrees that no prior notification will be provided unless the date or amount changes, in which case client will receive notice from Agency at least 10 days prior to the payment being collected. Client understand that this authorization will remain in effect until Client cancels it in writing, according to the Cancellation terms in section 9 of this agreement. Client agrees to notify Loyalty Health in writing of any changes in Clients' account information at least 15 days prior to the next billing date. If payment dates fall on a weekend or holiday, Client understands that the payments may be executed on the next business day. For ACH debits to Clients checking account, Client understands that because these are electronic transactions, these funds may be withdrawn from Clients’ account as soon as the signed execution date of this agreement. In the case of an ACH Transaction being rejected for Non-Sufficient Funds (NSF) Client understands that Loyalty Health may at its discretion attempt to process the charge again within 30 days. Client acknowledges that the origination of ACH transactions to Clients’ account must comply with the provisions of U.S. law. Client certifies that Client is an authorized user of this bank account and will not dispute these scheduled transactions with Clients bank; so long as the transactions correspond to the terms indicated in these Terms and Conditions.