Common use of ACH Services Clause in Contracts

ACH Services. We may make automated clearinghouse (“ACH”) services available to you from time to time. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. If we received a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.