Common use of Automated Clearing House (ACH) Transactions Clause in Contracts

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 account numbers or identifying names for your account to any party to an ACH transaction, we are not liable for any funds not transferred to your account and you shall be responsible for any loss or liability to you or us.

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 CodeUCC-4A, 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, Account and we will not provide such notice. However, we will provide notice through periodic statements we provide to you. Also, we may 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.Xxx 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 (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 account numbers or identifying names for your account to any party to an ACH transaction, we are not liable for any funds not transferred to your account and you shall be responsible for any loss or liability to you or us.

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 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 account numbers or identifying names for your account to any party to an ACH transaction, we are not liable for any funds not transferred to your account and you shall be responsible for any loss or liability to you or us.

Automated Clearing House (ACH) Transactions. If you are a party You acknowledge that it is your responsibility to an Automated Clearing House (ACH) transactionprovide correct payment instructions for your Funding Account to StashInvest, you understand that any such transaction will bethe Custodian, governed and the ACH operator when requested in connection with setting up your StashInvest Account. You agree to be bound by the National Automated Clearing House Association (NACHA) Operating Rules operating rules and Guidelinesany applicable local ACH operating rules. You acknowledge that mismatched, incorrect, or incomplete identifying information regarding your Funding Account or in payment instructions to make a deposit may result in an ACH transfer being rejected, lost, posted to an incorrect account or returned to the bank that maintains your Funding Account without notice to you. You agree that StashInvest may request and the ACH operator or Custodian may make ACH transfers for withdrawals from your StashInvest Account solely by reference to the account number of the recipient. StashInvest, the Electronic Funds Transfer Act, and Title I, Article 4A of the Texas Business and Commerce Code, as applicableCustodian, and the rules ACH operator shall not be obligated by any provision of any other system through which of the entry Account Contracts to determine whether there is made. The Credit Union does not initiate international ACH transactionsa discrepancy relating to names or account numbers in transfers between your StashInvest Account and your Funding Account. You understand agree to indemnify and agree that hold StashInvest, the Credit Union is not required to provide you with next-day notice on the receipt of an ACH transaction we receive on the AccountCustodian, and we will not provide such notice. Howeverthe other Indemnified Persons harmless from any and all damages resulting from or relating to any mismatched, we will provide notice through periodic statements we provide to you. Alsoincorrect, 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 incomplete identifying information regarding your Funding Account or in payment instructions for an ACH credit transaction that we receive on transfer to make a deposit or withdrawal with respect to your behalfStashInvest Account or Funding Account. You understand and agree that processing of ACH transfers for such deposits or withdrawals may be delayed for five business days or longer. If you believe a transaction transfer has not been properly credited to you, you agree to notify StashInvest promptly. You agree that money transferred from your Funding Account may not be reflected in a deposit credited to your StashInvest Account available during delays. You agree that, notwithstanding anything to the contrary in any of the Account Contracts, StashInvest and the Custodian shall not be liable for ACH transfer processing delays, any act or omission of, including without limitation any overdraft or other fee charged by, any financial institution that maintains your Funding Account, or for any act or omission of any service provider or vendor of any such financial institution. Any credit resulting from an ACH transfer associated with a deposit to your StashInvest Account is provisional until we receive the Custodian receives payment. Without limiting any other rights of StashInvest or the Custodian to delay a withdrawal from your StashInvest Account or deny a request for such a withdrawal, StashInvest and the Custodian reserve the right to delay or prevent such a withdrawal of the proceeds of any deposit pending verification of final settlement from a Federal Reserve Bankpayment. Thus, in If the event the Credit Union Custodian does not receive final settlementpayment, or if we credit your StashInvest Account has been credited by mistake, we are entitled you authorize StashInvest to a full refund of instruct the amount credited Custodian to your Account. At our option, we may reverse the credit to your StashInvest Account or require that you will otherwise reimburse us by way of direct depositthe Custodian if assets in your StashInvest Account are not sufficient. Further, you understand that if the Credit Union If a payment funding a deposit to your StashInvest Account does not receive final settlementbecome final, the party who sent originator (which is you in the ACH credit transaction is case of a deposit originating in your Funding Account and the holder of money) will not be deemed to not have paid you the amount of such transaction. You understand and agree that if we have any concerns on the in your StashInvest 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 account numbers or identifying names for your account to any party to an ACH transaction, we are not liable for any funds not transferred to your account and you shall be responsible for any loss or liability to you or us.