Common use of ACH Transactions Clause in Contracts

ACH Transactions. We may receive funds to or send funds from your Account by an Automated Clearing House (ACH) entry. You acknowledge and agree that the National Automated Clearing House Association (NACHA) Operating Rules, the rules of any local ACH, and the rules governing any other system accepting an ACH entry apply to and govern such transactions. Under NACHA Rules, we are not required to give you next day notice of the receipt of an ACH entry, and we will not do so. We will notify you of ACH transaction in your Account Statement.

ACH Transactions. We may receive funds to or send funds from your Account by an Automated Clearing House (ACH) entry. You acknowledge and agree that the National Automated Clearing House Association (NACHA) Operating Rules, the rules of any local ACH, and the rules governing any other system accepting an ACH entry apply to and govern such transactions. Under NACHA Rules, we are do not required have to give you next day notice of the receipt of an ACH entry, and we will not do so. We will notify you of ACH transaction in your Account Statement.