Preauthorized EFTs. If you have arranged to have a direct deposit or preauthorized debit or credit made to your account at least once every 60 days from the same person or company, you can call us at (000) 000-0000 or use telephone access or Home Banking to find out whether or not the deposit has been made.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share, savings, checking and money market account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from certain share, savings, checking, and money market accounts. • Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your primary savings or checking account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and checking account.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share/share draft account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share/share draft account. • See Transfer Limitation section for transfer limitations that may apply to thesetransactions. • Stop Payment Rights. If you arranged in advance to make electronic fund transfers out of your account (s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive a written confirmation, the oral stop payment order shall cease to be binding 14 days after it has been made. A stop payment request for preauthorized Electronic Fund Transfers will apply to all subsequent transfers, unless you withdraw the request.
Preauthorized EFTs. □Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions(s), we will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings or checking account or HSA. •□Preauthorized debits. Upon instruction, we will pay certain recurring transactions from your savings account, checking account and loan payments (subject to transfer limitations that may apply to these transactions.) •□Stop Payment Rights. If you have arranged in advance to make a single or recurring electronic funds transfer (EFT-ACH) out of your account(s) you may place the following stops: single, multiple, or indefinite. Call us at (000) 000-0000 during normal business hours or write: P.O. Box 89909, Tampa, FL 33689-0415 at any time up to three (3) business days before the scheduled date of the transfer. If you call, we may also require you to put your request in writing to us within 14 days. ACH Payments need exact company name or company ID and dollar amount to be valid. Revocation of a recurring ACH transfer must be done through the originator of the EFT-ACH. Stop payments placed on ACH transactions will be effective up until the item is presented for payment except in the case of an indefinite stop payment. One time stop payment requests will cease to be effective 30 days from the date shown on the ACH Stop Payment Order Form. •□Notice of Varying Amounts. If these regular payments may vary in amount, the person you are going to pay is required to tell you, 10 days before each payment, when it will be made and how much it will be. You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment or when the amount would fall outside certain limits that you set. •□Liability for Failure to Stop Payment of Preauthorized Transfers. If you order us to stop payment of EFT-ACH transfer three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your direct losses or damages.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your savings and checking account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and checking accounts. See Account Transaction Limitations Section for transfer limitations that may apply to these transactions. • Stop Payment Rights. If you have arranged in advance to make EFTs out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made. We will charge you the amount disclosed in our Fee Schedule for each stop- payment order you give. A stop payment request for preauthorized EFTs will apply to all subsequent transfers, unless you withdraw the request.
Preauthorized EFTs. Direct Deposit. Upon instruction of (I) your employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your Share and/or Share Draft account. Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your Share and/or Share Draft account. See Section 2 for transfer limitations that may apply to these transactions. Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us in writing at any time up to three (3) business days before the scheduled date of the transfer.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or federal recurring payments, such as Social Security, to your share and/or share draft account. - Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share and share draft accounts. - See Section 2 for transfer limitations that may apply to these transactions. - Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding 14 days after it has been made.
Preauthorized EFTs. Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your share or checking account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your share or checking account. • See Section 2 for transfer limitations that may apply to these transactions • ACH Origination: You have the ability to initiate an ACH Origination credit or debit between your Lafayette account and any accounts that you own at other participating financial institutions. Once an ACH origination has been initiated through your online banking profile, the system will place a 48 hour hold of funds in your LFCU account that totals the amount of funds that has been ordered to leave or come into the account via the ACH origination. This hold of funds will expire upon receipt of funds or 48 hours, whichever occurs first. LFCU has the right to extend this hold as it sees fit based on circumstances of the transaction. All ACH originations are subject to similar ACH fees as set forth in the Schedule of Fees. • Provisional ACH Payment. Lafayette Federal Credit Union may give you credit for ACH payments before it receives final settlement of the funds transfer. Any such credit is provisional until Lafayette Federal Credit Union receives final settlement of the payment. You are hereby notified, and agree, if Lafayette Federal Credit Union does not receive final settlement, that it is entitled to a refund from you of the amount credited to you as a result of the ACH entry. • Rules Governing ACH Items. ACH transactions are governed by the operating rules of the National Automated Clearinghouse Association. In accordance with these rules, Lafayette Federal Credit Union will not provide you with next day notice of a receipt of ACH credit transfers to your account. You will continue to receive notices of receipt of ACH items in the periodic account statements which we provide. • Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be ma...
Preauthorized EFTs. We will accept, as instructed, direct deposits of your paycheck, recurring government benefit payments, such as Social Security, or other reoccurring deposits to your account(s) from your employer, a government agency or department, or other financial institutions. Additionally, upon your instruction, we will pay certain preauthorized recurring debit transactions from your account(s).
