Common Contracts
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ELECTRONIC FUNDS TRANSFER TERMS AND CONDITIONSTexas • May 7th, 2010
This Electronic Funds Transfer Terms and Conditions covers your and your rights and responsibilities concerning the Electronic Payment via electronic funds transfer (“EFT”) services offered to you by Texas Windstorm Insurance Association (“TWIA”) through Bank of America. In this Agreement, the words “you” and “yours” mean those who sign the application, joint owners, or any authorized users. The words “we,” “us,” and “our” mean TWIA. The word “account” means any one or more savings and checking accounts you have with banking institutions. Electronic funds transfers are electronically initiated transfers of money from your account through the electronic funds transfer services described below. By signing a request for EFT service, or using the service, each of you, jointly and severally, agree to the terms and conditions in this Agreement and any amendments for the EFT services offered.
