ACH Blocks and Filters Sample Clauses

ACH Blocks and Filters a. Client may authorize and instruct Bank to place a block on ACH debits or ACH credits or both as specified on the Accounts listed in the ACH Block authorization (the “Blocked Accounts”) effective immediately. Client understands and agrees that the ACH block placed by Bank on the Blocked Accounts will stop ALL ACH debits or credits from posting to the Blocked Accounts, except as provided for in the ACH Block Exceptions identified in the ACH Block authorization. Any ACH entry that attempts to post to the Blocked Accounts will be returned by Bank to the originator as unauthorized for a debit entry and refused for a credit entry. Client agrees that Bank’s obligations shall not begin until Bank has had a reasonable opportunity to implement the ACH block contemplated in the related Addendum, which in no event will exceed 5 Business days from Bank’s acceptance of the ACH Block authorization. The ACH Block will remain in effect until written notification from Client is received by Bank requesting it to remove or modify the ACH block and Bank has had a reasonable opportunity to act upon such written notification. Upon Bank’s receipt of such notification, the services contemplated by this Section will terminate immediately. b. Upon authorization by Client by so designating in the ACH Block authorization, Bank may, in its sole discretion, provide for only specific ACH transactions to post to the Blocked Accounts, hereby known as “ACH Block Exceptions.” ACH Block Exceptions require Client to provide specific data field values in the ACH Block authorization related to third parties whose ACH entries are allowed to post to the Blocked Accounts; provided, however, that those data field values must exactly match those contained in the ACH file requesting the ACH transaction. c. Bank retains the right, in its sole discretion and without liability to Client to return as unauthorized any ACH Block Exception transaction within twenty-four (24) hours after the transaction has posted against Client’s Blocked Accounts. Rev. 03/2021 Page 25 of 30

ACH Blocks and Filters. You may elect to utilize our ACH blocks and filter services. These services are optional and are subject to additional fees. • An ACH Block allows you to block specific transactions or Originators. All other ACH transfers will post. • An ACH filter only allows ACH transfers or Originators that are specifically designated by you to post. All others are blocked.