Preauthorized Transfers. The account number of the Business Savings Account cannot be used for preauthorized direct debits (“ACH Debits”) from merchants, Internet service or other utility service providers (“Merchants”). If presented for payment, ACH Debits will be declined and payment to the Merchant will be returned.
Appears in 6 contracts
Samples: Business Savings Account Agreement, Business Savings Account Agreement, Business Savings Account Agreement
Preauthorized Transfers. The account number of the Business Savings Account cannot be used for preauthorized direct debits (“ACH Debits”) from merchants, Internet service or other utility service providers (“Merchants”). If presented for payment, ACH Debits will be declined and payment to the Merchant will be returned.
Appears in 6 contracts
Samples: Oxygen Savings Account Agreement, Savings Account Agreement, Savings Account Agreement
