ACH Returns. The Federal Reserve proposes adding this section. Respondents would report the number and value of returned ACH transactions drawn on customer accounts, which are outgoing for ACH debit transactions and incoming for returned ACH credit transactions. Respondents would report reasons for returned ACH transactions, particularly unauthorized fraud-related reasons. The proposed new section includes 10 new questions.
ACH Returns. Redeposit You authorize us to automatically attempt to redeposit ACH Returns to the applicable Account(s) which are returned for insufficient or uncollected funds. ACH Returns for any other reason will not be automatically redeposited. You understand this procedure will delay the actual return of an ACH Entry which is returned the second time.
ACH Returns. If an ACH payment request is returned for any reason, the original Purchase that initiated that ACH payment request will be posted back to Your Account, and will be due according to the terms of Your Cardholder Agreement. An ACH return for any reason will result in the deactivation of any active Payment Preferences for the DDA that caused the return, and any other DDA that might share an active Payment Preference. Your Payment Preferences will remain deactivated until such time that you re-activate Your Payment Preferences. If Your Payment Preferences are not active, any pending and future Purchases that previously matched that Payment Preference, will post to Your Account and will not initiate an ACH payment request. These Purchases will become a part of your outstanding credit card balance with Commerce, and will be due according to the terms of Your Cardholder Agreement. If You have linked a Commerce DDA to Your Account, any ACH payment request that would result in an overdraft of Your DDA will be returned to Your Account, and no overdraft or insufficient funds fees will be assessed to You. If you have linked a non-Commerce DDA to Your Account, You may be assessed overdraft and/or insufficient funds fees according to that financial institution's deposit agreement. toggle® ALERTS Commerce will use the email address provided by You at the time of the Account(s) or Card(s) opening to notify you of important changes in regards to the toggle® payment feature for Your Account. You will not be able to turn off these notifications. You agree that You are responsible for maintaining a valid email address and agree to notify us of any change in Your email address. You can change the email address for account notification at any time through Commerce Online Banking. Should delivery of the account notification be unsuccessful, it remains Your responsibility to monitor Your toggle® Payment Preferences in a timely manner from Commerce Online Banking.
ACH Returns. All ACH returns received will be acted upon within [**] of notification from the Bank.
ACH Returns o A block will automatically (systematically) be placed by Metavante on all accounts that have an ACH debit returned to Metavante Bill Xxxment Services. No additional bill xxxments will be processed until the account is properly funded and the return(s) cleared. If a payment request is received while the account is blocked, a letter will be sent notifying the User that the payment(s) will not be processed. A copy will be sent to Customer. o Upon the first return, Metavante will automatically resend all ACH returns under $100.00 (individually and cumulatively). Exception: debits for payments in which the credit portion was sent electronically will be resent regardless of the dollar amount without Customer verification. o Metavante will contact Customer to verify all returns exceeding $100.00 (individually and cumulatively). If funds are available, Metavante will resend the return(s). If funds are unavailable and if the payment was made by check, a stop payment will be placed on the outbound payment.
ACH Returns. [*] Bank and processor charges for handling and posting NSF or otherwise returned ACH value load transactions.
ACH Returns. Client is solely responsible for the timely processing and resolution of returns in accordance with applicable NACHA Operating Rules and Guidelines.
ACH Returns. ACH transactions that are marked as returns during the morning scrub by the customer must notify the operations department by phone number at 000-000-0000 or email to xxxxxxxxxx@xxxxxxxxxxxxxx.xxx by 11:00 ( Central Standard Time) and also complete a stop payment for provided by the bank. Note: If this step is not completed your transaction will be paid. For further questions on the procedure, please contact us by email at xxxxxxxxxx@xxxxxxxxxxxxxx.xxx or phone at 000-000-0000 and ask for the operations department. SCHEDULE E Authorized Users The Customer authorizes the following persons to perform the following functions: Name: Select all that apply Title: ☐Submit Check Files E-mail Address: ☐View Accounts/Reports Phone Number: ☐Process Exceptions Name: Select all that apply Title: ☐Submit Check Files E-mail Address: ☐View Accounts/Reports Phone Number: ☐Process Exceptions Name: Select all that apply Title: ☐Submit Check Files E-mail Address: ☐View Accounts/Reports Phone Number: ☐Process Exceptions Name: Select all that apply Title: ☐Submit Check Files E-mail Address: ☐View Accounts/Reports Phone Number: ☐Process Exceptions Name: Select all that apply Title: ☐Submit Check Files E-mail Address: ☐View Accounts/Reports Phone Number: ☐Process Exceptions SCHEDULE F Fee Schedule Fees are imposed monthly, and the fee is per account. Set Up Per Month Per Item Per Sent File
