Common use of Preauthorized Transfers Clause in Contracts

Preauthorized Transfers. Your Account number and the Bank’s routing number can be used for preauthorized direct debits (“ACH Debits”) from merchants, Internet service or other utility service providers (“Payees”) and for the purpose of initiating direct deposits to the Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association (“NACHA”) and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in section II captioned, “Electronic Funds Transfer Disclosure and Special Terms and Conditions.”.

Appears in 11 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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Preauthorized Transfers. Your The 12-digit Account number and the Bank’s bank routing number can be used for preauthorized direct debits (“ACH DebitsDebit”) from merchants, Internet internet service or other utility service providers (“PayeesMerchants”) and for the purpose of initiating direct deposits to the AccountAccount (“ACH Credit”). These transfers will be processed under the Operating Rules of the National Automated Clearing House Association (“NACHA”) Nacha. Customer and you Xxxxxx agree to comply with the NACHA Nacha rules. Detailed information regarding preauthorized transfers is available in section II captioned, “Electronic Funds Transfer Disclosure and Special Terms and Conditions.”.

Appears in 2 contracts

Samples: Business Account Agreement, Business Account Agreement

Preauthorized Transfers. Your Current Account number and the Bank’s bank routing number can be used for preauthorized direct debits (“ACH Debits”) from merchants, Internet service or other utility service providers (“PayeesMerchants) ), and for the purpose of initiating direct deposits to the your Current Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association (“NACHA”) ), and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in section II captionedSection II, labeled “Electronic Funds Fund Transfer Disclosure and Special Terms and Conditions.”.

Appears in 1 contract

Samples: Deposit Account Agreement

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Preauthorized Transfers. Your Account number and the Bank’s bank routing number can be used for preauthorized direct debits (“ACH Debits”) from merchants, Internet service or other utility service providers (“PayeesMerchants) ), and for the purpose of initiating direct deposits to the your Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association (“NACHA”) ), and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in section II captionedSection II, labeled “Electronic Funds Fund Transfer Disclosure and Special Terms and Conditions.”.

Appears in 1 contract

Samples: Deposit Account Agreement

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