Common use of Electronic Check Conversion and Returned Check Charge Clause in Contracts

Electronic Check Conversion and Returned Check Charge. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases, pay bills, or other transactions. The check may be given to the merchant or other payee blank, partially completed, or fully completed and signed; may be presented at the point of sale or mailed to a merchant or other payee or lockbox and later converted to an EFT, or may be retained by the consumer, the merchant or other payee, or the payee’s financial institution. This may include the electronic payment of charges for checks returned for non-payment. Your authorization to make such types of electronic fund transfers may be expressed in writing or implied, for example, by the merchant or other payee posting a sign.

Electronic Check Conversion and Returned Check Charge. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases, pay bills, or other transactions. The check may be given to the merchant or other payee blank, partially completed, or fully completed and signed; may be presented at the point of sale or mailed to a merchant or other payee or lockbox and later converted to an EFT; or, or may be retained by the consumer, the merchant or other payee, or the payee’s financial institution. This may include the electronic payment of charges for checks returned for non-payment. Your authorization to make such types of electronic fund transfers may be expressed in writing or implied, for example, by the merchant or other payee posting a sign.

Electronic Check Conversion and Returned Check Charge. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases, pay bills, or other transactions. The check may be given to the merchant or other payee blank, partially completed, or fully completed and signed; may be presented at the point of sale or mailed to a merchant or other payee or lockbox and later converted to an EFT, or may be retained by the consumer, the merchant or other payee, or the payee’s financial institution. This may include the electronic payment of charges for checks returned for non-payment. Your authorization to make such 13 types of electronic fund transfers may be expressed in writing or implied, for example, by the merchant or other payee posting a sign.