Electronic Transfers via ACH Sample Clauses
The 'Electronic Transfers via ACH' clause authorizes and governs the use of the Automated Clearing House (ACH) network for electronic funds transfers between parties. It typically outlines the procedures for initiating ACH payments, the responsibilities of each party regarding account information, and the timing of transfers. For example, it may specify how payment instructions are submitted and how errors or disputes are handled. This clause ensures a clear, standardized process for electronic payments, reducing administrative errors and facilitating efficient, secure financial transactions.
Electronic Transfers via ACH. You may originate transfers to and from your Account via ACH as provided in Section 4 of this Agreement. These requests must be made via the Platform. In the case of electronic transfer requests from an external bank account to your Account, we will complete such requests only if the funds are being transferred from your linked external account.
Electronic Transfers via ACH. You may originate transfers to and from your Passport Account via ACH as provided in Section 3 of this Agreement. These requests must be made via the Passport Website. In the case of electronic transfer requests from an external bank account to your Passport Account, we will complete such requests only if the funds are being transferred from your linked External Account. ACH transactions are subject to Section 4 of the Payments Terms and Conditions set forth here. If you are a party to an ACH entry, you agree to be bound by such terms and conditions and the National Automated Clearing House Association (“NACHA”) Operating Rules, the Rules or any local Automated Clearing House, and the Rules of any other system through which the entry is made. The credit we give you is provisional until we receive final settlement for that entry. If we do not receive final settlement, you agree that we are entitled to a refund of the amount credited to you in connection with the entry, and the party making payment to you via such entry (i.e., the originator of the entry) shall not be deemed to have paid you in the amount of such entry. We will not provide you with a notice of our receipt of the order, unless we are so requested by the transfer originator in the order. However, we will continue to notify you of the receipt of payments in the periodic statements we provide to you. We may accept on your behalf payments to your Account which have been transmitted, that are not subject to the EFTA, and your rights and obligations with respect to such payments shall be construed in accordance with and governed by federal law and the laws of the State of Georgia.
Electronic Transfers via ACH. If enabled by Platform, you may originate transfers to and from your Account via ACH as provided in Sections E and F of this Agreement. These requests must be made via the Platform. In the case of electronic transfer requests from an external bank account to your Account, we will complete such requests only if the funds are being transferred from your linked external account. Any deposits received in any other name may be returned to the originator. Next Day ACH. Cut-off Time. The cut-off time for scheduling a next day ACH transfer is 4 pm Central Time. Any next day ACH transfer scheduled after the cut-off time will be treated as if it were scheduled on the next business day. In some circumstances, transactions may be delayed for risk or compliance reasons.
Electronic Transfers via ACH. You may originate transfers to and from your Account via ACH as provided in Section 8 of these Terms of Service. You may only initiate electronic funds transfers via the Utoppia’s Mobile App. You are solely responsible for the accuracy of the information contained in the payment order. The electronic transfer will be completed relying exclusively on the information provided by you. You must authorize Synapse through the Partner Financial Institution to execute payment orders on your behalf and to debit your Account specified in the payment order for the amount of the electronic funds transfer.