Common use of External Transfer Processing Clause in Contracts

External Transfer Processing. The Bank will process External Transfers on your behalf by means of the Automated Clearing House network pursuant to this Agreement and the rules of the National Automated Clearing House Association (NACHA). We can reject an External Transfer if it is not in compliance with the NACHA rules. Under NACHA rules, any credit to your Premier Bank account or your account at a third party financial institution shall be provisional until such credit has been finally settled by us or by the third party financial institution holding your account. You acknowledge that you have received notice of this requirement and of the fact that if we do not receive final settlement for an External Transfer for any reason, we shall charge back the amount of such transfer from the account being debited or the account being credited, as applicable, or any other of your accounts or claim a refund from you. You agree that you are authorized to initiate every inbound or outbound transfer you request in the amount requested. You also agree that your authority is operative at all relevant times including without limitation at the time you set up the transfer and at the time that we initiate the debit or credit to your Premier Bank account. You agree that you will have sufficient funds available in the designated deposit account to cover your payment obligations under this Agreement. In the event that there are not sufficient funds available in your deposit account to cover your payment obligation, you agree that we may offset, without prior notice or demand, any account held by you to the extent permitted by law. If the deposit account does not have sufficient available funds on the scheduled date, we may elect not to initiate one or more of the transfers. If we do elect to initiate the transfer, it may cause an overdraft in your account in which case you shall be liable for the overdraft and any overdraft fees, as set forth in the Terms and Conditions of Your Account and the Premier Retail Service Fee Schedule. You are solely responsible for the accuracy and completeness of External Transfer instructions provided to us. The Bank is not responsible for any errors in the External Transfer instructions or requests for cancellation or change to instructions provided by you to the Bank. You agree that if an External Transfer request describes the receiver inconsistently by name and account number, payment of the External Transfer may be made on the basis of the account number even if it identifies a person different from the named receiver.

External Transfer Processing. The Bank will process External Transfers on your behalf by means of the Automated Clearing House network pursuant to this Agreement and the rules of the National Automated Clearing House Association (NACHA). We can reject an External Transfer if it is not in compliance with the NACHA rules. Under NACHA rules, any credit to your Premier Liberty National Bank account or your account at a third third-party financial institution shall be provisional until such credit has been finally settled by us or by the third party financial institution holding your account. You acknowledge that you have received notice of this requirement and of the fact that if we do not receive final settlement for an External Transfer for any reason, we shall charge back the amount of such transfer from the account being debited or the account being credited, as applicable, or any other of your accounts or claim a refund from you. You agree that you are authorized to initiate every inbound or outbound transfer you request in the amount requested. You also agree that your authority is operative at all relevant times including without limitation at the time you set up the transfer and at the time that we initiate the debit or credit to your Premier Liberty National Bank account. You agree that you will have sufficient funds available in the designated deposit account to cover your payment obligations under this Agreement. In the event that there are not sufficient funds available in your deposit account to cover your payment obligation, you agree that we may offset, without prior notice or demand, any account held by you to the extent permitted by law. If the deposit account does not have sufficient available funds on the scheduled date, we may elect not to initiate one or more of the transfers. If we do elect to initiate the transfer, it may cause an overdraft in your account in which case you shall be liable for the overdraft and any overdraft fees, as set forth in the Terms and Conditions of Your Account and the Premier First Federal Retail Service Fee Schedule. You are solely responsible for the accuracy and completeness of External Transfer instructions provided to us. The Bank is not responsible for any errors in the External Transfer instructions or requests for cancellation or change to instructions provided by you to the Bank. You agree that if an External Transfer request describes the receiver inconsistently by name and account number, payment of the External Transfer may be made on the basis of the account number even if it identifies a person different from the named receiver.

External Transfer Processing. The Bank will process External Transfers on your behalf by means of the Automated Clearing House network pursuant to this Agreement and the rules of the National Automated Clearing House Association (NACHA). We can reject an External Transfer if it is not in compliance with the NACHA rules. Under NACHA rules, any credit to your Premier First Federal Bank account or your account at a third party financial institution shall be provisional until such credit has been finally settled by us or by the third party financial institution holding your accountaccou nt. You acknowledge that you have received notice of this requirement and of the fact that if we do not receive final settlement for an External Transfer for any reason, we shall charge back the amount of such transfer from the account being debited or the account being credited, as applicable, or any other of your accounts or claim a refund from you. You agree that you are authorized to initiate every inbound or outbound transfer you request in the amount requested. You also agree that your authority is operative at all relevant times including without limitation at the time you set up the transfer and at the time that we initiate the debit or credit to your Premier First Federal Bank account. You agree that you will have sufficient funds available in the designated deposit account to cover your payment obligations under this Agreement. In the event that there are not sufficient funds available in your deposit account to cover your payment obligation, you agree that we may offset, without prior notice or demand, any account held by you to the extent permitted by law. If the deposit account does not have sufficient available funds on the scheduled date, we may elect not to initiate one or more of the transfers. If we do elect to initiate the transfer, it may cause an overdraft in your account in which case you shall be liable for the overdraft and any overdraft fees, as set forth in the Terms and Conditions of Your Account and the Premier First Federal Retail Service Fee Schedule. You are solely responsible for the accuracy and completeness of External Transfer instructions provided to us. The Bank is not responsible for any errors in the External Transfer instructions or requests for cancellation or change to instructions provided by you to the Bank. You agree that if an External Transfer request describes the receiver inconsistently by name and account number, payment of the External Transfer may be made on the basis of the account number even if it identifies a person different from the fromthe named receiver.