ACH Provisional Credits. Credit for an Automated Clearing House (“ACH”) transfer is provisional until final payment is received by the payee’s financial institution. Until that happens, the party originating the transfer is not deemed to have made payment to the payee, and the payee’s bank is entitled to a refund of the provisional credit. If we give you provisional credit for an ACH transfer, but do not receive final payment, we may charge your account for the full amount without prior notice or demand.
ACH Provisional Credits. Credit given by the Credit Union to you with respect to an ACH credit entry is provisional until the Credit Union receives final settlement for such an entry through a Federal Reserve bank. If the Credit Union does not receive such final settlement, you are hereby notified and agree that the Credit Union is entitled a refund of the provisional amount credited to you in connection with such entry, and the party making payment to you (i.e. the originator of the entry) via such entry shall not be deemed to have paid you the amount of such entry. Under the operating rules of NACHA, which are applicable to ACH transactions involving your account, the Credit Union is not required to give next day notice to you of receipt of an ACH item, and the Credit Union will not do so. However, the Credit Union will continue to notify you of the receipt of ACH payments on your periodic statement.
ACH Provisional Credits. Credit for an ACH transfer is provisional until final payment is received by the payee’s financial institution. Until that happens, the party originating the transfer is not deemed to have made payment to the payee, and the payee’s bank is entitled to a refund of the provisional credit. If we give you provisional credit for an ACH transfer, but do not receive final payment, we may charge your account for the full amount without prior notice or demand, even if it results in an overdraft on your account. We may refuse to permit the use of any amount credited for a debit entry or credit reversal if we believe that there may not be sufficient funds in your account to cover chargeback or return of the entry or reversal.
ACH Provisional Credits. Credit for an ACH transfer is provisional until final payment is received by the SD\HH¶V ILQDQFLDO LQVWLWXWLRQ 8QanWsfLerOis noWt KdeDemWe d tKo DhaSveSHQV PDGH SD\PHQW WR WKH SD\HH DQG WKH SD\HH¶V EDQN LV give you provisional credit for an ACH transfer, but do not receive final payment, you become obligated to us for the full amount without prior notice or demand.
ACH Provisional Credits. Credit given to you by the Credit Union with respect to an ACH credit entry is provisional until the Credit Union receives final settlement for such entry through a Federal Reserve bank. If the Credit Union does not receive such final settlement, you are hereby notified and agree that the Credit Union is entitled a refund of the amount provisionally credited in connection with such entry, and the party making payment to you, i.e. the originator of the entry, via such entry shall not be deemed to have paid you the amount of such entry. Under the operating rules of NACHA the Credit Union is not required to give to you next day notice of receipt of an ACH item and the Credit Union will not do so. However, the Credit Union will notify you of the receipt of ACH payments on your periodic statement.
