Common use of ACH Credit Clause in Contracts

ACH Credit. Check the box for Method III if you wish to pay by ACH Credit. Some financial institutions offer ACH origina- tion services. Contact your bank to determine what ACH origination services it offers and the costs of ACH Credit service. You cannot use Method III unless your bank can initiate transac- tions in the CCD+TXP format. Please remember that if you use Method III, DOTAX is not responsible for the successful completion of EFT transactions that are required by law. Furthermore, DOTAX will not pay any costs your financial institution may charge you for its services. Part III — Changing Bank Information for ACH Debit Method Provide your complete bank information for your old bank account and your new bank ac- count. If you are changing your bank informa- tion and the effective date of change is noted on Form EFT-1, the change will be done no earlier than that date.

ACH Credit. Check the box for Method III if you wish to pay by ACH Credit. Some financial institutions offer ACH origina- tion origination services. Contact your bank to determine what ACH origination services it offers and the costs of ACH Credit service. You cannot use Method III unless your bank can initiate transac- tions transactions in the CCD+TXP format. Please remember that if you use Method III, DOTAX the Department of Taxation is not responsible for the successful completion of EFT transactions that are required by law. Furthermore, DOTAX the Department will not pay any costs your financial institution may charge you for its services. Part III — Changing Bank Information for ACH Debit Method Provide your complete bank information for your old bank account and your new bank ac- countaccount. If you are changing your bank informa- tion information and the effective date of change is noted on Form EFT-1, the change will be done no earlier than that date.

ACH Credit. Check the box for Method III if you wish to pay by ACH Credit. Some financial institutions offer ACH origina- tion services. Contact your bank to determine what ACH origination services it offers and the costs of ACH Credit service. You cannot use Method III unless your bank can initiate transac- tions in the CCD+TXP format. Please remember that if you use Method III, DOTAX the Department is not responsible for the successful suc- cessful completion of EFT transactions that are required by law. Furthermore, DOTAX the Department will not pay any costs your financial institution may charge you for its services. Part III — Changing Bank Information for ACH Debit Method Provide your complete bank information for your old bank account and your new bank ac- count. If you are changing your bank informa- tion and the effective date of change is noted on Form EFT-1, the change will be done no earlier than that date.