Common use of Preauthorized Credits Clause in Contracts

Preauthorized Credits. You may authorize a third party to make automatic deposits to your checking, money market, statement savings or passbook savings account (for example, Social Security payments or direct payroll deposits).

Preauthorized Credits. You may authorize a third party to make automatic deposits to your checking, money market, or statement savings or passbook savings account (for example, Social Security payments or direct payroll deposits).