Common use of Rejection of Transfers Clause in Contracts

Rejection of Transfers. We reserve the right to decline to affect any funds transfers, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Authorization You authorize us to select any means to execute your funds transfer instructions. You understand that to affect your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules; we debit one of your Accounts and credit another one of your Accounts. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Altra will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see “Documentation,” below).

Rejection of Transfers. We reserve the right to decline to affect initiate any funds transfers, to submit funds transfer instructions or orders using the Service or to carry out change or cancellation requests. Authorization You authorize us to select any means to execute your funds transfer instructionsusing the Service. You understand that to affect execute your funds transfer instruction Popmoney Transfer request, we utilize the Automated Clearing House (ACH), using . Using applicable ACH Rules; , we debit one of your Accounts and credit another one an account of a Recipient. Once your AccountsAccount has been debited, we credit our service provider’s transfer account at the service provider’s clearing bank. After our service provider and/or its clearing bank are reasonably certain that the debit will not be returned (in most cases this is usually between 3 banking days), our service provider will credit the Recipient’s Account. The sole purpose for our service provider’s transfer account is to complete your funds transfer requests using the Service and for performing the Service within the scope of this Agreement. The service provider earns no interest on the funds in the transfer account. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the East West Bank or other financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactionstransactions using the Service. Altra East West Bank will notify you of such fee fees in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra East West Bank to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see also, “Documentation,” below). Upon your request for a funds transfer to a Recipient using the Service, you must provide us with a true, correct, current email address or mobile phone number for such Recipient. We will contact the Recipient, and ask the Recipient to provide us with certain information, such as the account number and financial institution to which they wish your funds transfer to be made. If the Recipient fails to reply to the email or text message, or fails to follow the instructions provided by us, we will notify you and credit your Account for the amount of the transfer.

Rejection of Transfers. We reserve the right to decline to affect effect any funds transferstransfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Authorization You authorize us to select any means to execute your funds transfer instructions. You understand that to affect execute your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules; , we debit one of your Accounts and credit another one of your AccountsAccounts or an account of a Recipient. Once your Account has been debited, we credit our service provider’s transfer account at the service provider’s clearing bank. After our service provider and/or its clearing bank are reasonably certain that the debit will not be returned (in most cases this is usually between 3-4 banking days), our service provider will credit your or the Recipients Account. The sole purpose for our service provider’s transfer account is to complete your funds transfer requests and for performing the services within the scope of this Agreement. The service provider earns no interest on the funds in the transfer account. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Altra Affinity Federal Credit Union will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra Affinity Federal Credit Union to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see “Documentation,” below). If you have requested for a funds transfer to a Recipient, you must provide us with a true, correct, current email address for such Recipient. We will contact the Recipient, and ask the Recipient to provide us with certain information, such as the account number and financial institution that they wish to transfer the funds to. If the Recipient fails to reply to the email or fails to follow the instructions provided by us, we will notify you and credit your Account for the amount of the transfer.

Rejection of Transfers. We reserve the right to decline to affect effect any funds transferstransfer, to submit funds transfer instructions or orders or to carry out change or cancellation requests. Authorization You authorize us to select any means to execute your funds transfer instructions. You understand that to affect effect your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules; , we debit one of your Accounts and credit another one of your AccountsAccounts or an account of a Recipient. Once your Account has been debited, we credit our service provider’s transfer account at the service provider’s clearing bank. After our service provider and/or its clearing bank are reasonably certain that the debit will not be returned (in most cases this is usually between 3-4 banking days), our service provider will credit your or the Recipients Account. The sole purpose for our service provider’s transfer account is to complete your funds transfer requests and for performing the services within the scope of this Agreement. The service provider earns no interest on the funds in the transfer account. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Altra Financial Institution will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra Financial Institution to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see “Documentation,” below). You understand and agree that in the event we are unable to execute your funds transfer request utilizing the ACH, we may utilize other established payment mechanisms in order to complete your funds transfer instructions, such as wire transfer or check. If you have requested for a funds transfer to a Recipient, you must provide us with a true, correct, current email address for such Recipient. We will contact the Recipient, and ask the Recipient to provide us with certain information, such as the account number and financial institution that they wish to transfer the funds to. If the Recipient fails to reply to the email or fails to follow the instructions provided by us, we will notify you and credit your Account for the amount of the transfer.

Rejection of Transfers. We reserve the right to decline to affect effect any funds transfers, to submit funds transfer instructions or orders or to carry out change or cancellation requests. requests Authorization You authorize us to select any means to execute your funds transfer instructions. You understand that to affect your funds transfer instruction we utilize the Automated Clearing House (ACH), using applicable ACH Rules; we debit one of your Accounts and credit another one of your Accounts. If the debit side fails or is returned for any reason and the credit side has been released and cannot be collected, you authorize our service provider to collect from the Account to which the credit side of the funds transfer was sent. We reserve the right to resubmit a debit, or a portion of the debit, in the event of an insufficient or uncollected funds return and if we cannot collect the amount credited. To effect this collection, you understand and authorize us to debit the credited Account or the debited Account in either the same dollar amount as the original funds transfer or a portion of the debit. There may be a fee associated with such collection imposed by the financial institution holding the Account. You understand and agree that we may from time to time impose additional charges in connection with your funds transfer transactions. Altra Achieve Financial Credit Union will notify you of such fee in advance of the transaction. If you choose to proceed with the transaction, you authorize Altra Achieve Financial Credit Union to debit your account in the amount indicated. In the event that a debit to any of your Accounts, or any portion of any such debit, has failed and the credit side of such transaction has been released and cannot be collected, and we are unable to debit either the debited or the credited Account as set forth above, we reserve the right, and you hereby authorize us, to debit any of your other Accounts to the extent necessary to offset any resulting deficiency. We do not undertake to notify you in such event, other than by posting any such transfer or transfers to the applicable Account in accordance with this Agreement (see “Documentation,” below).