Preauthorized Payments definition

Preauthorized Payments. You make arrangements to pay certain recurring bills from your checking and/or savings account(s).

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Preauthorized Payments. You may authorize a third party to initiate electronic funds transfers from your fresh start debit account to pay certain recurring bills. The following is a description of a Health Savings Account (HSA) at this credit union. Alpena Alcona Area Credit Union follows the standard set by the Internal Revenue Service and abides by their rules and regulations.

Preauthorized Payments are a type of billing agreement that allow an authorized merchant to receive payments from your FlashCash account on a regularly recurring basis (for example, every month or otherwise on a routine billing cycle), and if such payments will vary in amount, you have the right to advance notice of the amount and date of the transfer from the merchant at least 10 days before the transfer is made. If the merchant provides the option, you may choose to receive this advance notice only when the amount of your preauthorized payment will fall outside a range established between you and the merchant. Refunds When you buy something from an authorized merchant using FlashCash and the transaction is ultimately refunded, the money will be sent back to you. Money may not always be refunded to the payment method originally used. Using FlashCash as a Payment Method Bank account transfers When you use your bank account as a payment method, you are allowing us to initiate a transfer from your bank account. For these transactions, we will make electronic transfers from your bank account in the amount you authorize. You authorize us to try this transfer again if the initial transfer is rejected by your bank for any reason. IF YOU DON’T HAVE A FLASHCASH BALANCE OR IT DOESN’T COVER A FLASHCASH PAYMENT, YOU SHOULD CONFIRM THAT YOUR BANK ACCOUNT CONTAINS FUNDS SUFFICIENT TO COVER THE PAYMENT BEFORE MAKING THE PAYMENT, IF FUNDED BY YOUR BANK ACCOUNT. THIS WILL HELP YOU AVOID OVERDRAFT OR OTHER FEES YOUR FINANCIAL INSTITUTION MAY CHARGE.

Examples of Preauthorized Payments in a sentence

• Preauthorized Payments Right to stop payment and procedure for doing so - If you have told us in advance to make regular payments out of your account, you can stop any of these payments.

• You may be able to place a stop payment on a preauthorized electronic recurring bill payment in accordance with the terms of our Authorization Agreement for Preauthorized Payments.

• Stop Payment Fee for Preauthorized Payments $10.00 per stop payment, assessed when processed Custom Card Fee $3.95 per card, if available.

• The ACH Order must be entered before submitting the Authorization Agreement for Preauthorized Payments (ACH) (the “Agreement”) to the Trustee.

• Stopping Preauthorized Payments The initiation by you of certain electronic fund transfers from your Account will effectively eliminate your ability to stop payment of the transfer.

• Preauthorized Payments: Your authorization of certain EFTs from your account will, except as otherwise provided in our Agreement, effectively eliminate your ability to stop payment of the authorized transfer.

• Failure to Make Transfers and Preauthorized Payments In Case of Errors or Questions About Your Card.

• See Right to Stop Payment and Procedures for Doing So in the Preauthorized Payments provision and the Additional Information About Automatic Clearing House (ACH) Stop Payment Orders in the Stop Payment provision for additional information.

• Stop Payment Procedure for Preauthorized Payments You can stop a preauthorized ACH payment that you have arranged to be made from your account by calling us toll free at (▇▇▇) ▇▇▇-▇▇▇▇ or by writing us at City National Bank, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇., ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Attn.: Client Services Call Center.

• Depending on your agreement with the merchant, we may not be able to stop the Pre-authorized Payments.

More Definitions of Preauthorized Payments

Preauthorized Payments. Cardholders may arrange to have preauthorized (recurring) Card payments from the Primary Account to any third party merchant that accepts Visa debit cards for such preauthorized payments.

Preauthorized Payments are those payment you authorize and schedule to be made on a future date on a one-time basis. “Recurring Payments” are those payments you authorize and schedule to be made on automatically and regularly recurring future dates.

Preauthorized Payments. You can arrange to pay certain recurring bills from your checking or savings account(s). Electronic check conversion: You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills. ▇▇▇▇▇▇▇▇▇▇ returned check charge: You may authorize a merchant or other payee to initiate an electronic fund transfer to collect a charge in the event a check is returned for insufficient funds. Account Access at Automated Teller Machines: You can access your savings and checking accounts at ATMs through debit cards linked to your account (excluding prepaid cards). Purchases at Merchants: You may use any of your credit union debit cards to make purchases at merchants that accept Visa® debit cards by entering your PIN or signing for your transaction. You may also get cash from a merchant, if the merchant permits. Purchases made with your card will result in debits to your checking account linked to your debit card. These transactions will be itemized on your monthly statement, including the merchant name, location, the date of purchase and the amount of the purchase. Typically, when you use your PIN to complete a transaction, the transaction processes through a non-Visa network and transactions completed with your signature process through a Visa network. Transactions processed through Visa networks typically are subject to Visa’s rules and regulations that may include additional limits on your liability and streamlined error resolution procedures, which do not apply to transactions processed through non-Visa networks. In addition, signature-based transactions can, at the merchant’s discretion, be processed as PIN-based transactions and provisions of this Agreement relating only to Visa debit transactions, such as additional limits on your liability and streamlined error resolution procedures, do not apply. Credit Union does not control how 24 Hour Telephone Teller: If we approve 24 Hour Telephone Teller for your accounts, a separate personal identification number (PIN) will be assigned to you. You must use your personal identification number (PIN) along with your account number to access your accounts.

Preauthorized Payments. The Credit Union will charge your account if it must dishonor a preauthorized transfer from your account due to

Preauthorized Payments. To stop a preauthorized recurring payment or transfer, call us at a number listed at the end of this Agreement. You must call in time for us to receive your request and to be able to act upon it, which in the case of preauthorized recurring payments, is at least three business days before the transfer is scheduled to occur. We may also require you to put your request in writing and forward it to us within 14 days after you call.