Common use of Acceptance of Payment Orders Clause in Contracts

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Request Agreement, signed a Wire Transfer Request form, have a sufficient available balance on deposit in the appropriate account to execute the payment order, and produce valid identification. Once you have signed a Wire Transfer Request Agreement, have indicated the request will be recurring, we will accept recurring telephonic payment orders from you, provided our security procedure are followed. Security Procedures – Once you have signed a Wire Transfer Agreement, we will review the request and perform a call back to the member for verification. Credit Union staff will perform the call back at the phone number listed in the credit union records. For recurring wires, you will need to provide the credit union with a member-created codeword as part of the security procedures.

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Request Agreement, signed a Wire Transfer Request form, have a sufficient available balance on deposit in the appropriate account to execute the payment order, and produce valid identification. Once you have signed a Wire Transfer Request Agreement, have indicated the request will be recurring, we will accept recurring telephonic payment orders from you, provided our security procedure are followed. Security Procedures – Once you have signed a Wire Transfer Agreement, we will review the request and perform a call back to the member for verification. Credit Union staff will perform the call back at using the phone number listed in the credit union records. For recurring wires, you will need to provide the credit union with a member-created codeword as part of the security procedures.