Common use of ACH Funds Transfers Clause in Contracts

ACH Funds Transfers. This Section Addresses Non-Consumer Accounts Only. You may desire to receive an electronic transfer of funds into your account. Such transfers may be transmitted through the Automated Clearing House (“ACH”) System. Your rights and responsibilities will be governed by Maine law, including Article 4A of the Uniform Commercial Code. Credit given by your credit union with respect to these transfers is provisional until the credit union receives final settlement through a Federal Reserve Bank or otherwise has received payment. If your credit union does not receive payment for a transfer, then the credit union is entitled to a refund from you in the amount credited to you on a provisional basis, and the originator of the transfer will not be considered to have paid the amount of the entry to your account. Your credit union is not obligated by the ACH rules to provide you with notice any time that it has received a transfer and made an entry to your account unless the credit union has otherwise agreed to do so. (For Internal Use Only) Application for CU24SM Visa Check Card Name Social Security # Mother’s Maiden Name Address Home Phone Email Date of Birth Joint Name Social Security # Mother’s Maiden Name Business Information Employed by Position Address Business Phone Account # I/We hereby apply for a CU24 Visa Check Card. By using the CU24 Visa Check Card issued by the Credit Union upon approval of this application, I/we signify our Agreement to be bound by the terms of the Electronic Funds Transfer and Cardholder Agreement attached. Signature X Date Signature X Date In order to issue a card to either signer of a joint account, both owners must sign.

ACH Funds Transfers. This Section Addresses Non-Consumer Accounts Only. You may desire to receive an electronic transfer of funds into your account. Such transfers may be transmitted through the Automated Clearing House (“ACH”) System. Your rights and responsibilities will be governed by Maine law, including Article 4A of the Uniform Commercial Code. Credit given by your credit union with respect to these transfers is provisional until the credit union receives final settlement through a Federal Reserve Bank or otherwise has received payment. If your credit union does not receive payment for a transfer, then the credit union is entitled to a refund from you in the amount credited to you on a provisional basis, and the originator of the transfer will not be considered to have paid the amount of the entry to your account. Your credit union is not obligated by the ACH rules to provide you with notice any time that it has received a transfer and made an entry to your account unless the credit union has otherwise agreed to do so. (For Internal Use Only) Application for CU24SM CCU ATM or Visa Check Debit Card Name Social Security # Mother’s Maiden Name Address Home Phone Cell Phone Email Date of Birth Joint Name Social Security # Mother’s Maiden Name Business Information Employed by Position Address Business Phone Account # Number of Cards Requested I/We hereby apply for a CU24 CCU ATM or Visa Check Debit Card. By using the CU24 CCU ATM or Visa Check Debit Card issued by the Credit Union upon approval of this application, I/we signify our Agreement to be bound by the terms of the Electronic Funds Transfer and Cardholder Agreement attached. Signature You authorize Community Credit Union to obtain credit reports in connection with this application for an ATM or Visa Debit Card. Account Owner X Date Signature Joint Owner X Date In order to issue a card to either signer of a joint account, both all owners must sign.. A checking account is required to be eligible for a Visa Debit Card. Internal Use Only: