Electronic Check Conversions. 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:
Electronic Check Conversions. If your HSA plan includes access to your HSA Deposit Account by check, you may authorize a merchant or other payee to make a one-time electronic payment from your HSA Deposit Account using information from your check to pay for a purchase or to pay your xxxx. When you make a purchase or pay a xxxx using a check that is converted by the payee or its agent into an electronic fund transfer, the electronic transaction is presented to us for payment from your Deposit Account. An electronic representment of a returned check is not considered an electronic check conversion.
Electronic Check Conversions. Some point of sale terminals may provide you the option of initializing a onetime automatic debit from your account by authorizing the merchant to obtain the necessary information from a check drawn on your deposit account. A check used in this way is treated as an EFT and is not negotiable. The check cannot be subsequently used and should be voided.
Electronic Check Conversions. You may use information from your check to initiate a one-time electronic funds transfer from your account. Recurring transfers may be made in writing or when you authorize a third party through electronic debit.
Electronic Check Conversions. Your check may become an electronic funds transfer. There are several ways this can happen.
Electronic Check Conversions. If you authorize a merchant to electronically debit your checking account using the routing, account and serial numbers of your check to initiate the transfer, whether the check is blank or partially or fully completed and signed, such authorization is an electronic check conversion. An electronic check conversion is an Electronic Funds Transfer (EFT). You authorize us to honor any electronic check conversion from your checking account just the same as a written check.
Electronic Check Conversions. 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 or pay bills. You may also authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds. Fee Notice Please see separate “Schedule of Fees” for the amount of all fees. Preauthorized Payments And Direct Deposits
Electronic Check Conversions. You may authorize a merchant to use your check as a source of information to initiate an EFT from your account. Electronic check conversion is a payment process in which a merchant (after obtaining your authorization) uses your check to gather routing, account, and check number information to initiate a one-time EFT. This type of EFT transaction involving a consumer account is covered by the Electronic Funds Transfer Act and this disclosure. A description of the transaction will appear on your statement. Re-presented Checks Transactions and Fees. You may authorize a merchant to electronically collect a fee associated with the re-presentment of a check that is returned due to insufficient or unavailable funds. The resulting fee transaction, if debited as an EFT from a consumer account, is covered by the Electronic Funds Transfer Act and this disclosure. When a merchant re-presents a check electronically, that transaction is not covered by the Electronic Funds Transfer Act or this disclosure. A description of the transaction will appear on your statement. The following limitations may be applicable to your accounts, except as provided by law:
Electronic Check Conversions. Electronic fund transfer using information form a check (e.g., the Bank's routing number and your account number). • Phone Banking Transactions: Transactions conducted through our iTalk Telephone banking service.
Electronic Check Conversions. If you pay for something with a check you may authorize your check to be converted to an electronic fund transfer. You may also authorize merchants to electronically debit your account for returned check fees. You authorize the electronic transaction through the merchant; either expressly in writing, or the authorization is implied by a sign posted at the merchant that the conversion will occur.
