Common use of ACH Rules Clause in Contracts

ACH Rules. The Customer has access to a copy of the Rules, acknowledges receipt of a copy, or may purchase a copy if they so desire. The Customer agrees to comply with and be bound by the Rules. In the event the Customer violates any of the applicable Rules and NACHA imposes a fine on the Bank because of the Customer’s violation, the Bank may charge the fine to the Customer. The Bank agrees to inform the Customer of revisions to the Rules of which the Bank has knowledge.