ACH SERVICES APPROVAL AND UNDERWRITING PROCESS. (a) Bank Approval and Monitoring of Client’s ACH Risk. Client agrees and acknowledges that Bank shall provide ACH Services to Client subject to Bank’s prior approval and completion of any Request or other Implementation Form(s). In addition, after any initial approval for ACH Services by Bank, Bank shall also, from time-to-time and in its sole discretion, undertake additional credit and risk analysis monitoring activities that are deemed necessary while Bank is providing ACH Services to Client. Client agrees to cooperate with Bank regarding any ongoing credit and risk analysis activities by Bank, including providing financial or other documents in a timely manner upon Bank’s request, and taking any risk mitigation or other ACH Entry origination procedures as required by Bank.
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Sources: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement
ACH SERVICES APPROVAL AND UNDERWRITING PROCESS.
(a) Bank Approval and Monitoring of Client’s ACH Risk. Client agrees and acknowledges that Bank shall provide ACH Services to Client subject to Bank’s prior approval and completion of any Request or other Implementation Form(s). In addition, after any initial approval for ACH Services by Bank, Bank shall also, from time-to-time and in its sole discretion, undertake additional credit and risk analysis monitoring activities that are deemed necessary while Bank is providing ACH Services to Client. Client agrees to cooperate with Bank regarding any ongoing credit and risk analysis activities by Bank, including providing financial or other documents in a timely manner upon Bank’s request, and taking any risk mitigation or other ACH Entry origination procedures as required by Bank.
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