Common use of Bank Transfers Clause in Contracts

Bank Transfers. When you initiate an online rent payment, you are requesting an electronic transfer from your bank account. For these transactions, Rentec Direct will make electronic transfers via ACH from your bank account in the amount you specify. You agree that such requests constitute your authorization to Rentec Direct to make the transfers. Once you have provided your authorization for the transfer, you will not be able cancel the electronic transfer. You give Rentec Direct the right to resubmit any ACH debit you authorized that is returned for insufficient or uncollected funds.

Appears in 4 contracts

Samples: User Agreement, User Agreement, User Agreement

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