Common use of Electronic Check Conversion Clause in Contracts

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 to pay bills. Here are some instances in which your check will result in an electronic funds transfer by capturing certain information, such as routing, Account, and serial numbers: • You purchase goods or services and authorize the merchant or service provider to convert your check to an electronic funds transfer simply by accepting the goods or services for purchase. This authorization may be implied by a posted sign at the merchant’s establishment, for example, or a written notice that is placed on your monthly bill from the merchants. • At the time you authorize a merchant or service provider to convert your check to an electronic funds transfer, you may also be asked to authorize the merchant or service provider to collect electronically a charge in the event the check is returned for insufficient funds. If you have a dispute relating to the authority of a payee on a check to generate an electronic funds transfer from your checking Account instead of presenting the check, then you should address the matter with the payee, since we do not have the discretion to deny electronic payments in the normal course of business.

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 to pay bills. Here are some instances in which your check will result in an electronic funds transfer by capturing certain information, such as routing, Account, and serial numbers: • You purchase goods or services and authorize the merchant or service provider to convert your check to an electronic funds transfer simply by accepting the goods or services for purchase. This authorization may be implied by a posted sign at the merchant’s establishment, for example, or a written notice that is placed on your monthly bill from the merchantsmerchant. • At the time you authorize a merchant or service provider to convert your check to an electronic funds transfer, you may also be asked to authorize the merchant or service provider to collect electronically a charge in the event the check is returned for insufficient funds. If you have a dispute relating to the authority of a payee on a check to generate an electronic funds transfer from your checking Account instead of presenting the check, then you should address the matter with the payee, since we do not have the discretion to deny electronic payments in the normal course of business.

Electronic Check Conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your fromyour checking Account using information from your check to pay for purchases or to pay bills. Here are some instances in which your check will result in an electronic funds transfer by capturing certain information, such as routing, Account, and serial numbers: • You purchase Youpurchase goods or services and authorize the merchant or service provider to convert your check to an electronic funds transfer simply by accepting the goods or services for purchase. This authorization may be implied by a posted sign at the merchant’s establishment, for example, or a written notice that is placed on your monthly bill from the merchants. • At the time you authorize a merchant or service provider to convert your check to an electronic funds transfer, you may also be asked to authorize the merchant or service provider to collect electronically a charge in the event the check is returned for insufficient funds. If you have a dispute relating to the authority of a payee on a check to generate an electronic funds transfer from your fromyour checking Account instead of presenting the check, then you should address the matter with the payee, since we do not have the discretion to deny electronic payments in the normal course of business.