Common use of Initiated by Third Parties Clause in Contracts

Initiated by Third Parties. You may authorize a third party to initiate EFTs between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payment networks. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and/or print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and credit union information. This information may be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your credit union and account information (whether over the phone, the internet, or via some other method) to trusted third parties whom you have authorized to initiate these EFT transactions. We reserve the right to reject any EFT transaction initiated by a third party if the name on the EFT does not match the name of the owner or a joint owner of the account.

Initiated by Third Parties. You may authorize a third third-party to initiate EFTs between your account and the third party’s account. These transfers to make or receive payment may be one-one- time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House Clearinghouse (ACH) or other payment networks. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and/or print the notice on a receipt). In all cases, these third third-party transfers will require you to provide the third party with your account number and credit union information. This information may be found on your check as well as on a deposit or withdrawal slipcheck. Thus, you should only provide your credit union and account information (whether over the phone, the internet, or via some other method) to trusted third parties whom you have authorized to initiate these EFT transactions. We reserve the right to reject any EFT transaction initiated by a third party if the name on the EFT does not match the name of the owner or a joint owner of the account.

Initiated by Third Parties. You may authorize a third third-party to initiate EFTs between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House Clearinghouse (ACH) or other payment networks. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and/or print the notice on a receipt). In all cases, these third third-party transfers will require you to provide the third party with your account number and credit union information. This information may be found on your check as well as on a deposit or withdrawal slipcheck. Thus, you should only provide your credit union and account information (whether over the phone, the internet, or via some other method) to trusted third parties whom you have authorized to initiate these EFT transactions. We reserve the right to reject any EFT transaction initiated by a third party if the name on the EFT does not match the name of the owner or a joint owner of the account.