Common use of Authorization to Charge Accounts Clause in Contracts

Authorization to Charge Accounts. I authorize you to charge my designated account(s) for any transactions accomplished using Online Banking, including the amount of any Bill Payment or Transfer that I make, and any charges for the service. I authorize you to process Bill Payments and to transfer funds according to the instructions you receive if the instructions are received from me through Online Banking. I authorize you to initiate any reversing entry or reversing file and to debit my accounts at Northern Bank or elsewhere, to correct any mistaken credit entry. I understand that if a Bill Payment or Transfer request describes the beneficiary inconsistently by name and account number, execution of the request will occur on the basis of the account number, even if it identifies a person different from the named beneficiary.