ACH Contingency Services. The Bank agrees to provide the Bank's standard ACH contingency services to the City, which will consist of assisting the City in reconstructing ACH input information and initiating ACH transactions based on such information and the City's telephonic authorizations. Such contingency services are intended to provide the City with an alternate means of initiating ACH transactions that the City is otherwise temporarily unable to initiate via the City's normal PC link with the Bank. In order to activate these contingency services, the City should call the Bank as soon as possible following the occurrence that triggers the City's need for the services (e.g., after the City discovers that the City's applicable diskette has been damaged). After receipt of the City's call, the Bank will use the Bank's best efforts to reconstruct applicable routing and account number information for the City's transfers based on the Bank's microfiche records of the last transfer instructions the Bank received from the City. The City will then need to verify such information and supply the appropriate dollar amount of each transfer. All such telephonic transfer instructions must be provided by an authorized signer on the account. The City understands that next-day availability of debit transactions is contingent upon:
ACH Contingency Services. We agree to provide our standard ACH contingency services to you, which will consist of assisting you in reconstructing ACH input information and initiating ACH transactions based on such information and your telephonic authorizations. Such contingency services are intended to provide you with an alternate means of initiating ACH transactions that you are otherwise temporarily unable to initiate via your normal PC link with us. In order to activate these contingency services, you should call us a soon as possible following the occurrence that triggers your need for the services. After receipt of your call, we will use our best efforts to reconstruct applicable routing and account number information for your transfers based on our records of the last transfer instructions we received from you. You will then need to verify such information and supply the appropriate dollar amount of each transfer. All such telephonic transfer instructions must be provided by an authorized signer on the account. You understand that Next Day transactions are contingent upon our receipt of all required information before 4:00 PM on the preceding Business Day. You understand Same Day availability of transactions are contingent upon receipt of all required information before 3:00 PM Central Time on the current Business Day and that any single Same Day item does not exceed limitations set by the Rules. Business Day means every day other than Saturdays, Sundays, and days on which we are required or permitted to be closed, such as for observance of Federal holidays. Processing Schedule and Notice Requirements (for corporate originators). Files received prior to 3:00 p.m. Central Time, as applicable, may be designated by you for either same day or next business day origination. Any file received after 3:00 p.m. Central Time will be originated the next business day. We recommend that payroll files be submitted two days in advance to help mitigate the risk that some receiving institutions may not post the payroll unless they are received a day before payday. There is an additional fee for items sent for same day settlement.
