Preauthorized Withdrawals. You may authorize others to access your account on a regular basis and make electronic withdrawals (debits) from your account. For example, you may authorize an insurance company to make periodic withdrawals to pay for your insurance premiums, or a lender to make periodic withdrawals to pay for a loan. You may also authorize internet merchants, in some cases, to make recurring withdrawals from your account. We do not impose fees for the processing of preauthorized electronic withdrawals from your account.
Appears in 2 contracts
Sources: Electronic Funds Transfer Agreement, Electronic Funds Transfer Agreement
Preauthorized Withdrawals. You may authorize others to access your account on a regular basis and make electronic withdrawals (debits) from your account. For example, you may authorize an insurance company to make periodic withdrawals to pay for your insurance premiums, or a lender to make periodic withdrawals to pay for a loan. You may also authorize internet merchants, in some cases, to make recurring withdrawals from your account. We do not impose fees a fee for the processing of each preauthorized electronic withdrawals withdrawal from your account.
Appears in 2 contracts
Sources: Deposit Account Agreement, Electronic Fund Transfer Agreement