Common use of Preauthorized EFTs Clause in Contracts

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 (Ii) your employer, 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 (savings) and/or Share Draft share draft (checking) account. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your Share share (savings) and/or Share Draft share draft (checking) 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 funds transfers out of your account(s) for money you owe others, you may stop payment on 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.three

Preauthorized EFTs. Direct Deposit. Upon instruction of (Ii) 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 accountChecking, or other savings accounts. • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your Share and/or Share Draft accountsavings and checking 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.scheduled