Preauthorized Deposits Clause Samples
The Preauthorized Deposits clause authorizes one party to automatically deposit funds into another party’s account without requiring separate approval for each transaction. Typically, this applies to recurring payments such as payroll, rent, or regular reimbursements, where the payer initiates electronic transfers on a scheduled basis. This clause streamlines payment processes, reduces administrative burden, and ensures timely and consistent fund transfers, thereby minimizing the risk of missed or delayed payments.
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Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same third party, you can call us at the number listed in paragraph 2 above to find out whether or not the deposit has been made. These deposits will appear on your periodic statement. We are not required to accept an electronic deposit to your account resulting from a wire transfer. In the event we accept a wire transfer deposit, we will not be responsible for any loss, including interest or attorney’s fees, you may claim relating to your late receipt of notice of deposit. For electronic deposits involving the Automated Clearing House, such transfers are not considered final until we receive final settlement of the deposit. We have the right to reserve these deposits from your account if we do not receive this final settlement.
Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every sixty (60) days from the same person or company, you can call us at ▇-▇▇▇-▇▇▇-▇▇▇▇, during normal business hours, to find out whether or not the deposit has been made.
Preauthorized Deposits. If you have arranged to have a direct deposit made to your account at least once every sixty (60) days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling us at ▇.▇▇▇.▇▇▇.▇▇▇▇ or 803.469.8600. This does not apply to transactions occurring outside the United States.
Preauthorized Deposits. You can arrange to have direct deposits made to your Account on a regular basis from the same person or organization. If you have arranged to have direct deposits made to your Account at least once every 60 days from the same person or organization, you can find out whether or not the deposit has been made by calling our Customer Service Center at 866.872.1866 (toll free). You can request a written record (receipt) at the time you complete an ATM or POS transaction or Debit Card transaction. This record will show certain information such as the amount of your transaction, the type of transaction, and the date of the transaction. If you have told us in advance to make regular payments out of your Account to a third party, you can stop us from making any of these payments by doing one of the following: Call our Customer Service Center during business hours at: Write us at: We must receive your request at least three business days, or more, before the payment is scheduled to be made. If you choose to call us, we may require you to put your request in writing and send it to us within 14 days. If you do not do so, then your oral request for the stop payment will cease 14 days after the request has been made, and we may make the payment if it is demanded by the particular person or organization involved.
Preauthorized Deposits. You can arrange to have direct deposits made to your savings or checking account on a regular basis from the same person or entity, including the Federal Government. If you do, you can call us toll-free at ▇-▇▇▇-▇▇▇-▇▇▇▇ or ▇-▇▇▇-▇▇▇-▇▇▇▇ to find out whether or not the deposit has been made.
Preauthorized Deposits. If you have arranged to have preauthorized electronic deposits of your net paycheck, payroll deductions, pension checks or federal recurring payments (e.g., Social Security payments) made to your account at least once every sixty (60) days from the same person or company, you will receive a monthly periodic statement for each month in which a preauthorized deposit is made, but at least quarterly if no preauthorized deposits are made. However, if the only electronic service you have with us is preauthorized deposits, then we reserve the right to send you a quarterly statement only.
Preauthorized Deposits. If you have arranged to have direct deposits made to your account, you can find out whether or not the deposit has been made through this Banking Service.
Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company: USING YOUR CARD AND PERSONAL IDENTIFICATION NUMBER ("PIN"). In order to assist us in maintaining the security of your account and the terminals, the Debit Card remains our property and may be revoked or canceled at any time without giving you prior notice. You agree not to use your Debit Card for a transaction that would cause your account balance to go below zero, or to access an account that is no longer available or lacks sufficient funds to complete the transaction, including any available line of credit. We will not be required to complete any such transaction, but if we do, we may, at our sole discretion, charge or credit the transaction to another account; you agree to pay us the amount of the improper withdrawal or transfer upon request. RIGHTS REGARDING PREAUTHORIZED TRANSFERS.
Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company: - we will let you know if the deposit is made.
Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every sixty Periodic Statements. You will receive a monthly account statement, or less frequently if the account is inactive, that will show your electronic fund transfers.