Common use of Linking Accounts Clause in Contracts

Linking Accounts. The A2A Service requires you to establish an electronic association or link between an Account(s) and one or more External Accounts to facilitate EFT Transfers through an ACH network, without your physical presence at a branch or your hand written signature. The owner of the External Account must be the same as the Account owner, user or Authorized Person permitted to access the OB Service and the A2A Service, whether an individual, business, fiduciary or other entity. To electronically associate or link your External Account at another FI:  First, you must furnish and submit the American Bankers’ Association (ABA) Routing Number and account number for each such External Account designated to be linked; and  Second, you must verify two small micro-deposits and withdrawals (less than $1.00) that will be made to the account. Once you have confirmed the micro-deposits and withdrawals the External Account will be linked for immediate display and use with A2A external funds transfer Service, allowing you to initiate Electronic Funds Transfers (“EFTs”) through an Automated Clearing House (“ACH”) Network. With certain limitations, you will be able to initiate EFTs to come from (debit) or to go to (credit) your External Accounts.

Linking Accounts. The A2A Service requires you to establish an electronic association or link between an Account(s) and one or more External Accounts to facilitate EFT Transfers through an ACH network, without your physical presence at a branch or your hand written signature. The owner of the External Account must be the same as the Account owner, user or Authorized Person permitted to access the OB Service and the A2A Service, whether an individual, business, fiduciary or other entity. To electronically associate or link your External Account at another FI:  • First, you must furnish and submit the American Bankers’ Association (ABA) Routing Number and account number for each such External Account designated to be linked; and  • Second, you must verify two small micro-deposits and withdrawals (less than $1.00) that will be made to the account. Once you have confirmed the micro-deposits and withdrawals the External Account will be linked for immediate display and use with A2A external funds transfer Service, allowing you to initiate Electronic Funds Transfers (“EFTs”) through an Automated Clearing House (“ACH”) Network. With certain limitations, you will be able to initiate EFTs to come from (debit) or to go to (credit) your External Accounts.