One-Time or Recurring ACH Transfers. You may provide another party the ability to initiate transfers from your Account (on a one-time or recurring basis) through an ACH transaction. If you authorize the party initiating the withdrawal with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers."
One-Time or Recurring ACH Transfers. You may provide another party the ability to initiate transfers from your Account (on a one-time or recurring basis) through an ACH transaction. If you authorize the party initiating the withdrawal with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." You may use the bill payment service to make payments from your Account. Additional information regarding bill payment service is set on the Bill Pay Information document provided to you. As shown on the Fee Schedule, fees may apply to transactions that use the bill payment service and the amount of the fee may vary depending on your Account designation. Your Account must be in good standing to use these services.
