ACH TRANSACTION FILTER Clause Samples

ACH TRANSACTION FILTER. The ACH Transaction Filter Service will enable Company to better protect its accounts at Bank from unauthorized debit entries. Bank offers three options that monitor the debit entries posted to accounts. Company has elected one of the following options on the ACH Services Set-up Form: o to have all debit entries automatically blocked from its account(s); o to have all debit entries presented to it for review and its request for further action; or o to authorize specific debit entries to be posted to its account(s). If Company has chosen the review option (see the middle bullet above), it will immediately review each Intercept Report and notify Bank in the manner and by the applicable cutoff time as required in the Guide of any debit entry listed on the Intercept Report which is unauthorized. If it does not, Bank will be entitled to post the debit entry to Company's account.