Common use of ACH Returns Clause in Contracts

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. 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, 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, 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 regard 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. 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, 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, 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 regard 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.