Common use of Automated Clearing House Clause in Contracts

Automated Clearing House. BB&T Securities may accept on Your behalf automated clearing house (“ACH”) payments to Your BB&T Securities Account which have been transmitted through one or more automated clearing houses. Your rights and obligations regarding such payments shall be construed in accordance with and governed by the Electronic Funds Transfer Act, the laws of the Commonwealth of Virginia, federal law and as provided by the operating rules of the National Automated Clearing House Association (“NACHA”). Under the NACHA operating rules, BB&T Securities is not required to give You next day notice of receipt of an ACH item, and BB&T Securities will not do so. You will, however, continue to receive notice of payments in the periodic statements provided to You. Credit given by BB&T Securities to You with respect to an ACH entry is provisional until BB&T Securities receives final settlement for such entry. If BB&T Securities does not receive such final settlement, You agree that BB&T Securities is entitled to an immediate refund of any amount credited to You in connection with any such entry. Please Note the Following:  A voided check is required for all ACH setups.  All clients on the brokerage account must sign the ACH form. All parties on the bank account must sign this form if setting up withdrawals from the bank account to the brokerage account.  Any ACH setup to a bank account where the brokerage account holder is not an interested party requires a Letter of Authorization signed by the brokerage account holder indicating the reason for the ACH setup.  XXX accounts: An XXX Withdrawal form is required for any deposits to the bank account from the brokerage account. All periodic withdrawals from the bank account to the brokerage account will be coded as current year contributions.

Automated Clearing House. BB&T Securities may accept on Your behalf automated clearing house (“ACH”) payments to Your BB&T Securities Account which have been transmitted through one or more automated clearing houses. Your rights and obligations regarding such payments shall be construed in accordance with and governed by the Electronic Funds Transfer Act, the laws of the Commonwealth of Virginia, federal law and as provided by the operating rules of the National Automated Clearing House Association (“NACHA”). Under the NACHA operating rules, BB&T Securities is not required to give You next day notice of receipt of an ACH item, and BB&T Securities will not do so. You will, however, continue to receive notice of payments in the periodic statements provided to You. Credit given by BB&T Securities to You with respect to an ACH entry is provisional until BB&T Securities receives final settlement for such entry. If BB&T Securities does not receive such final settlement, You agree that BB&T Securities is entitled to an immediate refund of any amount credited to You in connection with any such entry. Please Note the Following:  • A voided check is required for all ACH setups.  • All clients on the brokerage account must sign the ACH form. All parties on the bank account must sign this form if setting up withdrawals from the bank account to the brokerage account.  • Any ACH setup to a bank account where the brokerage account holder is not an interested party requires a Letter of Authorization signed by the brokerage account holder indicating the reason for the ACH setup.  • XXX accounts: An XXX Withdrawal form is required for any deposits to the bank account from the brokerage account. All periodic withdrawals from the bank account to the brokerage account will be coded as current year contributions.

Automated Clearing House. BB&T Securities may accept on Your behalf automated clearing house (“ACH”) payments to Your BB&T Securities Account which have been transmitted through one or more automated clearing houses. Your rights and obligations regarding such payments shall be construed in accordance with and governed by the Electronic Funds Transfer Act, the laws of the Commonwealth of Virginia, federal law and as provided by the operating rules of the National Automated Clearing House Association (“NACHA”). Under the NACHA operating rules, BB&T Securities is not required to give You next day notice of receipt of an ACH item, and BB&T Securities will not do so. You will, however, continue to receive notice of payments in the periodic statements provided to You. Credit given by BB&T Securities to You with respect to an ACH entry is provisional until BB&T Securities receives final settlement for such entry. If BB&T Securities does not receive such final settlement, You agree that BB&T Securities is entitled to an immediate refund of any amount credited to You in connection with any such entry. Please Note the Following:  A voided check or deposit ticket is required for all ACH setups.  All clients on the brokerage account must sign the ACH form. All parties on the bank account must sign this form if setting up withdrawals from the bank account to the brokerage account.  Any ACH setup to a bank account where the brokerage account holder is not an interested party requires a Letter of Authorization signed by the brokerage account holder indicating the reason for the ACH setup.  XXX accounts: An XXX Withdrawal form is required for any deposits to the bank account from the brokerage account. All periodic withdrawals from the bank account to the brokerage account will be coded as current year contributions.

Automated Clearing House. BB&T Securities may accept on Your behalf automated clearing house (“ACH”) payments to Your BB&T Securities Account which have been transmitted through one or more automated clearing houses. Your rights and obligations regarding such payments shall be construed in accordance with and governed by the Electronic Funds Transfer Act, the laws of the Commonwealth of Virginia, federal law and as provided by the operating rules of the National Automated Clearing House Association (“NACHA”). Under the NACHA operating rules, BB&T Securities is not required to give You next day notice of receipt of an ACH item, and BB&T Securities will not do so. You will, however, continue to receive notice of payments in the periodic statements provided to You. Credit given by BB&T Securities to You with respect to an ACH entry is provisional until BB&T Securities receives final settlement for such entry. If BB&T Securities does not receive such final settlement, You agree that BB&T Securities is entitled to an immediate refund of any amount credited to You in connection with any such entrysuchentry. Please Note the Following:  • A voided check is required for requiredfor all ACH setups.  • All clients on the brokerage account must sign the ACH form. All parties on the bank account must sign this form if setting up withdrawals from the bank account to the brokerage account.  • Any ACH setup to a bank account where the brokerage account holder is not an interested party requires a Letter of Authorization signed by the brokerage account holder indicating the reason for the ACH setup.  XXX • IRA accounts: An XXX IRA Withdrawal form is required for any deposits to the bank account from the brokerage account. All periodic withdrawals from the bank account to the brokerage account will be coded as current year contributions.