Common use of Receiving Funds Transfers Clause in Contracts

Receiving Funds Transfers. We may receive instructions to pay funds to your Account. We may receive funds transfers directly from the sender, through a funds transfer system or through some other communications system. This includes ACH transfers that may be sent through an ACH system, or transfers processed directly to an account with us. a. ACH Provisional Payment Rule. Credit given by us to you with respect to an ACH credit or debit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with the entry, and the party making payment to you (i.e., originator of the entry) will not be deemed to have paid you the amount of such entry.

Receiving Funds Transfers. We may receive instructions to pay funds to your Account. We may receive funds transfers directly from the sender, through a funds transfer system or through some other communications system. This includes ACH transfers that may be sent through an ACH system, or transfers processed directly to an account with us. a. ACH Provisional Payment Rule. Credit given by us to you with respect to an ACH credit or debit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with the entry, and the party making payment to you (i.e., originator Originator of the entry) will not be deemed to have paid you the amount of such entry.

Receiving Funds Transfers. We ‌ The Bank may receive instructions to pay funds to your Accountaccount. We may receive funds transfers directly from the sender, through a funds transfer system or through some other communications system. This includes wire transfers, ACH transfers that may be sent through an ACH system, system or transfers processed directly to an account with us. a. . ACH Provisional Payment Rule. Credit given by us to you with respect to an ACH automated clearing house credit or debit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with the entry, and the party making payment to you (i.e., originator i.e. Originator of the entry) will not be deemed to have paid you the amount of such entry.