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. 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. You cannot stop payment of an electronic check conversion transaction, because it is already done.
Electronic Check Conversions. An electronic check conversion occurs when a merchant or other payee uses your paper draft or check to create a one-time electronic transfer from your account using the ACH network. These types of transactions can show up on your account as follows: • Accounts Receivable Check (ARC). If you write a check to pay a bill and send it in the mail, a merchant may use your signed check as an authorization to convert the check into an electronic withdrawal. Your signed check is the authori- zation for this conversion. When the electronic withdrawal debits your account, it will reference the number of the check written. • Point of Purchase (POP) Sale. A POP transaction is a point of purchase sale. Some merchants’ systems and debit card transactions are set up to show an electronic check conver- sion as a POP transaction. • Re-presented Check (RCK). If vendors do not receive pay- ment for a check or draft, they can represent the item to the Credit Union, often adding a fee (such as an NSF) to the item. If this occurs, the re-presentation of the item is not an EFT occurrence, however the addition of new fees to the transaction does make it an EFT occurrence. Qualstar does not charge NSF fees.
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.
