WIRE AND AUTOMATED CLEARING HOUSE TRANSFERS a. Governing Rules: From time to time, you may be a party to an ACH entry of a wire transfer that may be credited or debited against your Account. You agree that all wire transfers you initiate will be subject the terms and conditions of the wire transfer agreement then in effect with respect to the type of transfer initiated. With respect to ACH transactions which you have authorized, you agree to be bound by the National Automated Clearing House Association (“NACHA”) operating rules and any local ACH operating rules then in effect. With respect to other electronic funds transfers, you agree to be bound by any rules then in effect governing the use of any system through which the funds may be transmitted including, but not limited to, Federal Reserve Board Regulation J with regard to Fed wire and the Clearing House Interbank Payments System (“CHIPS”) operating rules with regard to CHIPS.
WIRE AND AUTOMATED CLEARING HOUSE TRANSFERS a. Governing Rules
WIRE AND AUTOMATED CLEARING HOUSE TRANSFERS. The following provisions are in addition to, and not in place of, any other agreements you have with us regarding funds transfers to and from your account. The terms “funds transfer,” “funds transfer system,” and “payment order,” are used here as defined in Article 4A of the Uniform Commercial Code - Funds Transfers, as adopted by the state whose laws govern this Agreement and your Account. As used in these provisions, a funds transfer does not include a transaction made using a Xxxxx Fargo issued card. Examples of funds transfers covered by these provisions are ACH transactions from an eligible account, remittance transfers, and wire transfers (whether outgoing or incoming, foreign or domestic).
