Common use of Electronic Check Conversion Clause in Contracts

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If you have questions about electronic check conversion, you may telephone us at ▇-▇▇▇-▇▇▇-▇▇▇▇.

Appears in 27 contracts

Sources: Credit Card Agreement, Personal Credit Card Agreement, Credit Card Agreement

Electronic Check Conversion. When Each time you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund funds transfer from your bank the account on which the check is drawn or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds Funds may be withdrawn from your bank account on as early as the same day we receive date your payment, check is received and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If you have questions about electronic check conversion, you may telephone us at ▇-▇▇▇-▇▇▇-▇▇▇▇the customer service number located on the front of your monthly statement, or write to us at the address for Billing Inquiries and Correspondence located on the front of your monthly statement.

Appears in 9 contracts

Sources: Business Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If your payment is returned unpaid, you authorize us to make a one-time electronic fund transfer from your account to collect the Returned Payment Fee. If you have questions about electronic check conversion, you may telephone us at ▇-▇▇▇-▇▇▇-▇▇▇▇.

Appears in 3 contracts

Sources: Business Credit Card Agreement, Business Credit Card Agreement, Business Credit Card Agreement

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If you have questions about electronic check conversion, you may telephone us toll- free at ▇-▇▇▇-▇▇▇-▇▇▇▇. When calling from outside the continental U.S. call ▇-▇▇▇-▇▇▇-▇▇▇▇ (non-toll free).

Appears in 2 contracts

Sources: Customer Agreement & Disclosure, Customer Agreement & Disclosure

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If you have questions about electronic check conversion, you may telephone us at ▇-▇▇▇-▇▇▇-▇▇▇▇.

Appears in 1 contract

Sources: Credit Card Agreement

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If your payment is returned unpaid, you authorize us to make a one-time electronic fund transfer from your account to collect the Returned Payment Fee. If you have questions about electronic check conversion, you may telephone us at 1-▇▇▇888-▇▇▇-▇▇▇▇561- 8861.

Appears in 1 contract

Sources: Business Credit Card Agreement

Electronic Check Conversion. When you send a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your bank account or (at our option) to process the payment as a check transaction. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your bank account on the same day we receive your payment, and you will not receive your check back from your financial institution. If we cannot process the electronic fund transfer, or if it is returned to us, you authorize us to reinitiate the electronic fund transfer from your bank account. Alternatively, we may (at our option) present the original check, a substitute check, draft or similar negotiable instrument to obtain payment. If you have questions about electronic check conversion, you may telephone us at 1-▇▇▇-888- ▇▇▇-▇▇▇▇.

Appears in 1 contract

Sources: Credit Card Agreement