Common use of Cancellation or Amendment of Entries Clause in Contracts

Cancellation or Amendment of Entries. You have no right to cancel or amend an Entry after we have received it; however, provided the Entry complies with the ACH Requirements, we may use reasonable efforts to act on a cancellation or amendment request if we receive the request within a sufficient time prior to processing the Entry to prevent transmission, or, in the case of an On-Us Entry, to prevent crediting a Receiver’s account. We will not be liable if a requested cancellation or amendment is not effected. You agree to reimburse us for any expenses, losses, or damages we may incur in effecting or attempting to effect your request for the reversal of an Entry.