Ach Funds Transfer Service. (i) You acknowledge that any credit we give you with respect to a Fund Transfer is provisional until we receive Final Settlement for that entry. If we do not receive Final Settlement, you agree that we shall receive a prompt refund equivalent to the amount credited to your Tiphaus ETA Business Account in connection with such entry.
(ii) You acknowledge that we will not give you next day notice of receipt of an ACH item. Instead, we will provide you confirmation of payment in the Tiphaus Platform.
(iii) You acknowledge that if, in connection with your Tiphaus ETA Business Account, you request us to transmit an ACH return transaction, for example, in connection with any claim of erroneous or unauthorized transaction, that the originating depository financial institution has no obligation to accept that return transaction if the return request is not made within the applicable time frame set forth in the National Automated Clearing House Association (NACHA) Operating Rules. We will attempt to pursue your return request within the originating depository financial institution as long as you report the problem to us in writing within 60 days after the statement first reflecting the transaction; however, we do not guarantee that we will be able to recover your funds if you notify us of the problem after expiration of the NACHA time frames. In some cases, depending on the facts, your claim may not be honored, and you may incur a loss.
(iv) By using the ACH Funds Transfer Service, you are certifying that the registered External Accounts that you transfer funds to and from, and any debit or credit cards used to transfer from are under the same ownership as the Tiphaus ETA Business Account with us. In the event that the accounts are not titled the same or ownership among the transferring accounts changes, the funds will be returned to the sender.
(v) Subject to the limitation of liability applicable for transactions that are electronic funds transfers under the Electronic Funds Transfer Act and Regulation E, you will indemnify us for any losses incurred as a result of any transaction you initiate between these accounts that is later returned or is reported unauthorized, and if you initiate a transfer that is found to be unverifiable or is unable to be completed for other reasons, you agree to hold us harmless for any loss resulting from the incomplete transfer. If a transfer is made from a third-party account or registered as an external deposit account before we det...
Ach Funds Transfer Service
