Common use of ACH & Wire Transfers Clause in Contracts

ACH & Wire Transfers. If we provide the service, you may initiate or receive credits or debits to your account through wire or ACH 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. We may reverse the provisional credit or you will refund us the amount if we do not receive final settlement. When you initiate a wire transfer, you authorize us to withdraw the amount requested, plus any applicable fees and charges from you’re account. Each Wire Transfer requested shall be binding on you and we shall have no liability or other obligation for any authorized Wire Transfer. We have the right to refuse any of your requests for a Wire Transfer. You do not have the right to incur an overdraft in any of your accounts as a result of the Wire Transfer. You must identify the payee or any financial Institution by name and by account number (or IBAN/ABA routing number). We may rely on the account or other identifying number as the proper identification, even if it identifies a different party or institution. We will not guarantee when funds will be made available by the receiving institution. Fund/Wire transfers may be governed under Regulation E or the Uniform Commercial Code (UCC), Article 4A, dependent upon the nature of the transaction. If a wire transfer is cleared through the Federal Reserve, the transaction will be governed by Regulation J. You understand that Regulation E and J may amend the provisions and you shall be subject to those Regulations.

ACH & Wire Transfers. If we provide the serviceoffered, you may initiate or receive credits or debits to your account through 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 it receives final settlement for the transfer. You agree that if the Credit Union does not receive final settlement. We settlement for a transfer, it may reverse the provisional credit to your account, or you will refund us the amount if we do not receive final settlementto the Credit Union. When you initiate a wire transfer, you authorize us to withdraw may identify either the amount requested, plus any applicable fees and charges from you’re account. Each Wire Transfer requested shall be binding on you and we shall have no liability or other obligation for any authorized Wire Transfer. We have the right to refuse any of your requests for a Wire Transfer. You do not have the right to incur an overdraft in any of your accounts as a result of the Wire Transfer. You must identify the payee recipient or any financial Institution institution by name and by account number number. The Credit Union (or IBAN/ABA routing number). We and other institutions) may rely on the account or other identifying number you give as the proper identificationidentification number, even if it identifies a different party or institution. We will not guarantee when funds Terms and conditions for international wire transfers will be made available provided at the time of the transfer transaction. Domestic wire transfers are governed by the receiving institution. Fund/Wire transfers may be governed under Regulation E or the Uniform Commercial Code (UCC), Article Section 4A, dependent upon and (if the nature of the transaction. If a wire transfer is cleared through the Federal Reserve) by Federal Reserve Regulation J. International wire transfers are governed by the Consumer Financial Protection Bureau Regulation E. ACH transactions are governed by the rules of the National Automated Clearing House Association. Under those rules, if you have revoked your authorization for previously authorized ACH transactions, the transaction Credit Union will not be governed by Regulation J. responsible for the unauthorized ACH debits to your account if you fail to notify us in writing within 15 days after we send, or make available to you, the statement containing that entry. You understand agree that Regulation E the authorized transfer to or from your account must comply with all applicable federal and J may amend the provisions and you shall be subject to those Regulationsstate laws or regulations including OFAC (Office of Foreign Asset Control) regulations.

ACH & Wire Transfers. If we provide the service, you may initiate or receive credits or debits to your account through wire or ACH 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. We may reverse the provisional credit or you will refund us the amount if we do not receive final settlement. When you initiate a wire transfer, you authorize us to withdraw the amount requested, plus any applicable fees and charges from you’re your account. Each Wire Transfer requested shall be binding on you and we shall have no liability or other obligation for any authorized Wire Transfer. We have the right to refuse any of your requests for a Wire Transfer. You do not have the right to incur an overdraft in any of your accounts as a result of the Wire Transfer. You must identify the payee or any financial Institution by name and by account number (or IBAN/ABA routing number). We may rely on the account or other identifying number as the proper identification, even if it identifies a different party or institution. We will not guarantee when funds will be made available by the receiving institution. Fund/Wire transfers may be governed under Regulation E or the Uniform Commercial Code (UCC), Article 4A, dependent upon the nature of the transaction. If a wire transfer is cleared through the Federal Reserve, the transaction will be governed by Regulation J. You understand that Regulation E and J may amend the provisions and you shall be subject to those Regulations. Additionally, we may delay posting of International ACH Transactions (IAT) due to required fraud screenings. Delays may occur in posting an IAT due to required screenings against the Specially Designated Nationals list (SDN) published by the Office of Foreign Assets Control (OFAC). This action may cause us to temporarily suspend processing of an IAT and potentially affect the settlement and/or availability of such funds.

ACH & Wire Transfers. If we provide provided by the serviceCredit Union, you may initiate or receive credits or debits to your account through via wire transfer or ACH 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 Credit Union will be shown notify you of the credit or debit to your account by indicating the amount on your periodic statement. We The Credit Union may provisionally credit your account for an ACH transfer before we it receives final settlement for the transfer. You agree that if the Credit Union does not receive final settlement. We settlement for an ACH transfer, we may reverse the provisional credit to your account or you will refund us the amount if we do to the Credit Union. If the payment instruction does not receive final settlementspecify an account, the Credit Union may deposit the payment into any share account which you maintain with us. No dividends will be paid on wire transfer payments deposited into your account unless the account otherwise pays dividends. When you initiate a wire transfer, you authorize us to withdraw may identify either the amount requested, plus any applicable fees and charges from you’re account. Each Wire Transfer requested shall be binding on you and we shall have no liability or other obligation for any authorized Wire Transfer. We have the right to refuse any of your requests for a Wire Transfer. You do not have the right to incur an overdraft in any of your accounts as a result of the Wire Transfer. You must identify the payee recipient or any financial Institution institution by name and by account number or identifying number. The Credit Union (or IBAN/ABA routing number). We and other institutions) may rely on the account or other identifying number as the proper identification, even if it identifies a different party or institution. We will not guarantee when funds will You may initiate a wire transfer any time during a Funds Transfer Business Day. A Funds Transfer Business Day is considered to be made available Monday-Friday (except legal holidays) from 9:00 a.m. to 3:30 p.m. Any amendment or cancellation of the wire transfer must be in writing and received by the receiving institutionCredit Union prior to the transmittal of the wire transfer. Fund/Wire transfers may be are governed under by Federal Reserve Regulation E or J if the Uniform Commercial Code (UCC), Article 4A, dependent upon the nature of the transaction. If a wire transfer is cleared through the Federal Reserve, the transaction will be . ACH transactions are governed by Regulation J. You understand that Regulation E and J may amend the provisions and you shall be subject to those Regulationsrules of the National Automated Clearing House Association.