Common use of Authorization to Transfer Funds Using External Accounts Transfer Service Clause in Contracts

Authorization to Transfer Funds Using External Accounts Transfer Service. You represent and warrant that you own each Eligible 4Front Account, and any Eligible External Account, and you further represent and warrant that you have full right and authority to all the funds on deposit therein. You authorize the Credit Union to execute and charge your Eligible 4Front Account, including any related fee, when your external account transfer requests are made in accordance with the procedures established by 4Front Credit Union. You understand and acknowledge that 4Front Credit Union has no obligation to execute any request for a transfer through the External Transfers Service that is not initiated in accordance with such procedures. Your authorization shall remain in full force and effect until you have informed us that you have revoked your authorization and we have a reasonable opportunity to act on it. You shall not hold 4Front Credit Union responsible for any acts or omissions made by the financial institution where Eligible External Account is held. You acknowledge and agree that when 4Front Credit Union originates

Appears in 2 contracts

Samples: Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement

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Authorization to Transfer Funds Using External Accounts Transfer Service. You represent and warrant that you own each Eligible 4Front Account, and any Eligible External Account, and you further represent and warrant that you have full right and authority to all the funds on deposit therein. You authorize the Credit Union to execute and charge your Eligible 4Front Account, including any related fee, when your external account transfer requests are made in accordance with the procedures established by 4Front Credit Union. You understand and acknowledge that 4Front Credit Union has no obligation to execute any request for a transfer through the External Transfers Service that is not initiated in accordance with such procedures. Your authorization shall remain in full force and effect until you have informed us that you have revoked your authorization and we have a reasonable opportunity to act on it. You shall not hold 4Front Credit Union responsible for any acts or omissions made by the financial institution where Eligible External Account is held. You acknowledge and agree that when 4Front Credit Union originatesoriginates a request for a transfer using the External Transfers Service that 4Front Credit Union is acting as your agent. You agree to indemnify and hold harmless 4Front Credit Union.

Appears in 2 contracts

Samples: Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement

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