Common use of ACH & Wire Transfers Clause in Contracts

ACH & Wire Transfers. If offered, you may initiate or receive credits or debits to your account via wire transfer or ACH (“Automated Clearing House”) transfer. You agree that if you receive funds by a wire or ACH transfer, we are not required to notify you at the time the funds are received. Instead, the transfer will be shown on your periodic statement. We may provisionally credit your account for an ACH transfer before we receive final settlement. You agree that if we do not receive final settlement for a transfer, we may reverse the provisional credit to your account, or you will refund the amount to us. When you initiate a wire transfer, you may identify either the recipient or any financial institution by name and by account or identifying number. The Credit Union (and other institutions) may rely on the account or other identifying number you give as the proper identification number, even if it identifies a different party or institution. Wire transfers are governed by Federal Reserve Regulation J if the transfer is cleared through the Federal Reserve. ACH transactions are governed by the rules of the National Automated Clearing House Association.

ACH & Wire Transfers. If offered, you You may initiate or receive credits or debits to your account via wire transfer or ACH (“Automated Clearing House”) transfer. You agree that if you receive funds by a wire or ACH transfer, we are the Credit Union is not required to notify you at the time the funds are received. Instead, the transfer will be shown on your periodic statement. We The Credit Union may provisionally credit your account for an ACH transfer before we receive final settlementsettlement for the transfer. You agree that if we do the Credit Union does not receive final settlement for a an ACH transfer, we may reverse the provisional credit to your account, account or you will refund the amount to usthe Credit Union. When you initiate a wire transfer, you may identify either the recipient or any financial institution by name and by account or identifying number. The Credit Union (and other institutions) may rely on the account or other identifying number you give as the proper identification number, even if it identifies a different party or institution. Wire transfers are governed by Federal Reserve Regulation J if the transfer is cleared through the Federal Reserve. ACH transactions are governed by the rules of the National Automated Clearing House Association.

ACH & Wire Transfers. If offered, you You may initiate or receive credits credit or debits to your account via wire transfer or ACH (“Automated Clearing House”) transfer. You agree that if you receive funds by a wire or ACH transfer, we are the Credit Union is not required to notify you at the time the funds are received. Instead, the transfer will be shown on your periodic statement. We The Credit Union may provisionally credit your account for an ACH transfer before we receive it receives final settlementsettlement for the transfer. You agree that if we do the Credit Union does not receive final settlement for a an ACH transfer, we may reverse the provisional credit to your account, account or you will refund the amount to usthe Credit Union. When you initiate a wire transfer, you may identify either the recipient or any financial institution by name and by account or identifying number. The Credit Union (and other institutions) may rely on the account or other identifying number you give as the proper identification numberidentification, even if it identifies a different party or institution. Wire transfers are governed by Federal Reserve Regulation J if the transfer is cleared through the Federal Reserve. ACH transactions are governed by the rules of the National Automated Clearing House Association.