Common use of Returned ACH Entries Clause in Contracts

Returned ACH Entries. If an ACH Entry is returned, Bank will credit or debit the Designated Account upon receipt by Bank. Bank will use reasonable efforts to notify you via Online Banking for Business, by mail, electronic transmission, phone or other reasonable means of the receipt of a returned ACH Entry no later than one Business Day after the Business Day of such receipt. Bank will have no liability to you based on the fact that such notice was not given or was not given at an earlier time. To the fullest extent permitted by law, Bank will have no liability to you based on the return of any ACH Entry.