Automated Clearing House Entries. From time to time, we may receive electronic directions to add to or subtract funds from your account, known as ACH credits and debits. All ACH credits and debits the Bank receives for your account will be subject to the terms of this Agreement, and the rules of the National Automated Clearing House Association and any other applicable ACH rules. You are bound by these rules. We can reverse any ACH deposit into your account until we receive the funds and the right of the sender to reverse the transaction expires. If we do not receive final payment, you must repay us the full amount of any temporary credit we give you for the transfer without prior notice or demand, and we may charge the amount to your account or obtain a refund from you. Unless required by law, we will not notify you of ACH transactions, other than on your next regular account statement. You may review ACH debits and other account activity through BerkOnline®. You authorize the Bank to pay ACH transactions presented to the Bank for payment against your account. The Bank reserves the right to require you to sign a separate authorization before honoring ACH transactions. Errors or unauthorized ACH transactions on consumer accounts are also subject to the rules described in Section H below.
Appears in 12 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
