ELECTRONIC FUND TRANSFERS/AUTOMATED CLEARING HOUSE SERVICES. If you choose to use the Program to conduct electronic transfers of funds by an automated clearing house (“ACH”) system offered through RBC CM (“ACH Services”), you agree to these Electronic Fund Transfers/Automated Clearing House Services terms:
A. Electronic fund transfers disclosures required by law. These disclosures are required by law if you are a natural person whose Account was established primarily for personal, family and household purposes. Most ACH Services are electronic funds transfers governed by the rules of the National Automated Clearing House Association (including any other rules applicable to automated clearing house transactions) and the federal Electronic Fund Transfer Act and Federal Reserve Board Regulation E, and any relevant state laws governing electronic fund transfers. Any transfer whose primary purpose is the purchase or sale of securities or commodities regulated by the Securities and Exchange Commission or the Commodity Futures Trading Commission is exempt from the federal Electronic Fund Transfer Act and Regulation E, and you may not be entitled to the protections described below in connection with such transfers.
B. Types of electronic fund transfers. The following types of electronic fund deposits and payments can be processed in the Accounts including, but not limited to, transactions made through ACH Services; card services; deposits, withdraws, payments and transfers from another financial institution; and bill payments.
