Automated Clearing House (ACH) Transactions Sample Clauses

Automated Clearing House (ACH) Transactions. If you are a party to an Automated Clearing House (ACH) transaction, you understand that any such transaction will be, governed by the National Automated Clearing House Association (NACHA) Operating Rules and Guidelines, the Electronic Funds Transfer Act, and UCC-4A, as applicable. The Credit Union does not initiate international ACH transactions. You understand and agree that the Credit Union is not required to provide you with next-day notice on the receipt of an ACH transaction we receive on the Account and we will not provide such notice. However, we will provide notice through periodic statements we provide to you. Also, we will provide notice through the Telephone Teller Service and the Online Banking Service. You may access the Telephone Teller Service at 972-263- 9497 or 000-000-0000. You may access the Online Banking Service at xxx.xxxx.xxx. The Credit Union will provisionally credit your Account for an ACH credit transaction that we receive on your behalf. You understand and agree that such a transaction is provisional until we receive final settlement from a Federal Reserve Bank. Thus, in the event the Credit Union does not receive final settlement, or if we credit your Account by mistake, we are entitled to a full refund of the amount credited to your Account. At our option, we may reverse the credit or require that you reimburse us by way of direct deposit. Further, you understand that if the Credit Union does not receive final settlement, the party who sent you the ACH credit transaction is deemed to not have paid you the amount of such transaction. You understand and agree that if we have any concerns on the Account, including but not limited to, return activity, negative Account balance, incorrect identifying account numbers, or identifying names, we reserve the right to reject any ACH transaction we receive on your behalf or refuse to initiate any ACH transaction on your behalf. Further, in the event that an ACH debit transaction creates an overdraft to the Account, you understand and agree that the terms and conditions as set forth in this Agreement governing overdrafts shall apply. For additional details on overdrafts, refer to Overdraft Liability, Overdraft Protection, and Overdraft Privilege Pay Service, as set forth in this Agreement.
Sample 1
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Automated Clearing House (ACH) Transactions. ACH transactions are governed by operating rules of the National Automated Clearing House Association (NACHA). In accordance with these rules, the Credit Union will not provide you with next­day notice of receipt of ACH items to your account. You will receive notice of receipt ACH items in the periodic account statements which we provide. As per NACHA Operating Rules, we will rely solely on the account number contained in the entry for posting to a member’s account.
Sample 1
Automated Clearing House (ACH) Transactions. You acknowledge that it is your responsibility to provide correct payment instructions for your Funding Account to Path, Apex or a bank or other vendor that Path engages from time to time for you to use when you use the ACH payment system (the “ACH Operator”) when requested in connection with setting up your Path account. “
Sample 1
Automated Clearing House (ACH) Transactions. If you are a party to an Automated Clearing House (ACH) transaction, you understand that any such transaction will be, governed by the National Automated Clearing House Association (NACHA) Operating Rules and Guidelines, the Electronic Funds Transfer Act, and Title I, Article 4A of the Texas Business and Commerce Code, as applicable, and the rules of any other system through which the entry is made. The Credit Union does not initiate international ACH transactions. You understand and agree that the Credit Union is not required to provide you with next-day notice on the receipt of an ACH transaction we receive on the Account, and we will not provide such notice. However, we will provide notice through periodic statements we provide to you. Also, we may provide notice through the Telephone Teller Service and the Online Banking Service. You may access the Telephone Teller Service at 972-263- 9497 or 000-000-0000.Xxx may access the Online Banking Service at xxx.xxxx.xxx. The Credit Union will provisionally credit your Account for an ACH credit transaction that we receive on your behalf. You understand and agree that such a transaction is provisional until we receive final settlement from a Federal Reserve Bank. Thus, in the event the Credit Union does not receive final settlement, or if we credit your Account by mistake, we are entitled to a full refund of the amount credited to your Account. At our option, we may reverse the credit or require that you reimburse us by way of direct deposit. Further, you understand that if the Credit Union does not receive final settlement, the party who sent you the ACH credit transaction is deemed to not have paid you the amount of such transaction. You understand and agree that if we have any concerns on the Account, including but not limited to, return activity, negative Account balance, incorrect identifying account numbers, or identifying names, we reserve the right to (but are not obligated to) reject any ACH transaction we receive on your behalf or refuse to initiate any ACH transaction on your behalf. Further, in the event that an ACH debit transaction creates an overdraft to the Account, you understand and agree that the terms and conditions as set forth in this Agreement governing overdrafts shall apply. For additional details on overdrafts, refer to Overdraft Liability, Overdraft Protection, and Overdraft Privilege Pay Service, as set forth in this Agreement. You understand that if you provide incorrect identifying ...
Sample 1

Related to Automated Clearing House (ACH) Transactions

  • ACH transactions For ATM and one-time debit card transactions, you must affirmatively consent to such coverage. Without your consent, the Credit Union may not authorize and pay an ATM or one-time debit card transaction that will result in insufficient funds in your account. If you have established a service linking your share or deposit account with other individual or joint accounts, you authorize us to transfer funds from other another account of yours to cover an insufficient item, including transfers from a share or deposit account, an overdraft line-of-credit account, or other account you so designate. Services and fees for these transactions are shown in the document the Credit Union uses to capture your affirmative consent and the Schedule of Fees and Charges. Except as otherwise agreed in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that results in insufficient funds in your account, you agree to pay the insufficient amount, including the fee assessed by us, in accordance with our standard overdraft services or any other service you may have authorized with us, or if you do not have such protections with us, in accordance with any overdraft payment policy we have, as applicable.

  • ELECTRONIC FUNDS TRANSFER (EFT The recipient/cooperator shall designate a financial institution or an authorized payment agent through which a federal payment may be made in accordance with US Treasury Regulations, Money and Finance at 00 XXX 000, which requires that federal payments are to be made by EFT to the maximum extent possible. A waiver may be requested and payments received by check by certifying in writing that one of the following situations apply:

  • Electronic Funds Transfers By signing the Account Card, completing and transmitting an online account card or service request, or signing or using the Visa Debit Card, or Home Banking service you agree to the following terms governing your and our rights and responsibilities concerning the electronic funds transfer services, as applicable. Terms and conditions set forth elsewhere in this Agreement shall also apply to your electronic funds transfer service. Electronic funds transfers ("EFTs") are electronically initiated transfers of money through direct deposits, automated teller machines ("ATMs"), point of sale transactions, debit card purchases, audio response transactions and online transactions involving your deposit accounts at the Credit Union.

  • International ACH Transactions You understand that in the event an International ACH Transaction (“IAT”) Entry that is transmitted to or from any of your accounts is identified and designated by the Credit Union’s screening criteria for review and examination under the OFAC Rules and Regulations (“OFAC Rules”). The settlement of such an IAT Entry may be delayed or suspended pending the Credit Union’s review of the IAT Entry, and may be terminated under applicable OFAC Rules. You acknowledge that we may be required to place an indefinite hold on the funds covered by the IAT Entry if the IAT Entry is required to be terminated under the OFAC Rules. You agree that any delay described above will be a permissible delay under the regulations applicable to the availability of funds held in deposit accounts. In the event an IAT Entry is delayed or terminated, we will provide you such notice as may be required by applicable laws and regulations.

  • Electronic Funds Transfer Upon reinstatement by Xxxxxxxx, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18.

  • Trademark Clearinghouse 4.1 Notwithstanding the requirements of Section 2.8 of the Agreement, Section 1 of Specification 7 to the Agreement and Section 2 of the Trademark Clearinghouse Rights Protection Mechanism Requirements (the “TMCH Requirements”), Registry Operator is not required to provide a Sunrise Period (as defined in the TMCH Requirements) or, except as set forth herein, otherwise comply with the obligations set forth in Section 2 of the TMCH Requirements (collectively, the “Sunrise Requirements”) so long as the TLD continues to be qualified as a .Brand TLD by ICANN.

  • 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 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 as the proper identification even if it identifies a different party or institution.

  • Clearing Purchaser shall fall all vegetative material larger than 2 inches DBH or over 5 feet high between the marked right‐of‐way boundaries and within waste and debris areas, or if not marked in the field, between the clearing limits specified on the TYPICAL SECTION SHEET. Clearing must be completed before starting excavation and embankment.

  • Electronic Check Transactions You authorize us to honor any electronic check conversion transaction and re-presented check fee debit transactions you authorize ("Electronic Check Transactions"). You agree that your authorization for an electronic check transaction occurs when you initiate such a transaction after receiving any notice regarding the merchant's right to process the transaction, including any written sign provided by the merchant at the time of your transaction. All terms governing electronic funds transfer services will apply to electronic check transactions, except the $50 and $500 limits of liability for unauthorized transactions in Section 9. You remain responsible for notifying us of any unauthorized electronic check transaction shown on your statement.

  • Accounts Carried as Clearing Broker The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

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