E-Checks Sample Clauses

E-Checks. When you or any person with authority authorize any E-Check you agree: (1) that we may pay the item as submitted to us; (2) that you shall be solely responsible for all information transmitted regarding such item(s) including but not limited to the payee(s), the amount(s) of the item(s), and endorsements or the lack thereof; and (3) you agree to indemnify us for all losses we incur in connection with any E-Check you authorize.

E-Checks. When any party converts any check, using the information on the paper via any means to send an electronic message to us, such message is an order by you to immediately take the money from your account. This can happen in several ways. For example : a) You can purchase goods or pay for services and other bills; and authorize a merchant or service provider to convert your check into an electronic funds transfer;

E-Checks. An E-Check is a transaction that starts as a paper check that you give to a merchant. The merchant converts the check, using the information on the paper, to send an electronic message to a bank to immediately take the money from your account. The merchant is required to post a notice about E-Checks in a prominent and conspicuous location at the time of the transaction. You cannot stop payment of an E-Check transaction, because it is already completed. Federal law and regulations require us to obtain a taxpayer identification number for the account holder of each account, with certain limited exceptions. You are required to provide us with your taxpayer identification number under Section 6109 of the Internal Revenue Code. The taxpayer identification number for an individual is usually a Social Security Number. The number is included on reports filed with the IRS concerning interest paid to you by the Bank. You are required to certify under penalty of perjury (1) that the taxpayer identification number given to us is correct, and (2) whether you are exempt from backup withholding. We will furnish you with the form on which you make this certification. If you fail to provide your taxpayer identification number and certify that it is correct, or if you fail to certify that you are not subject to backup withholding or if the IRS notifies us that you have furnished an incorrect taxpayer identification number, then federal tax rules require us to withhold 28% of interest paid to you. We forward amounts withheld to the IRS. Pursuant to IRS regulations, interest paid on deposits made by individuals who are not citizens or residents of the United States will be reported to tax authorities. These interest payments will not be subject to backup withholding as long as a signed W8-BEN has been properly completed. To establish that you are not a citizen or resident of the United States, you must provide a certification of your status on our certification form. When an account earns $10 or more of interest in a year, or if backup withholding is imposed, we will report the interest paid and the amount withheld to the IRS (and to the California Franchise Tax Board if your mailing address is in California). You will receive a copy of the information reported to the tax authorities. Pursuant to 12 CFR 233.1, et seq. entitled “Prohibition for Funding of Unlawful Internet Gambling” (Regulation GG), restricted transactions (as defined in the regulation) are prohibited from bei...

E-Checks. When you or any person with authority authorize any E-Check you agree: (1) that we may pay the item as submitted to us; (2) that you shall be solely responsible for all information transmitted regarding such item(s) including but not limited to the payee(s), the amount(s) of the item(s), and endorsements or the lack thereof; and (3) you agree to indemnify us for all losses we incur in connection with any E-Check you authorize. Direct Deposit Payroll: You must notify us at least thirty (30) days prior to any direct deposit or preauthorized transfer if you wish to cancel or change the direct deposit or direct transfer option.