Common use of E-CHECK TRANSACTIONS Clause in Contracts

E-CHECK TRANSACTIONS. You may authorize a merchant or other payee to make a one-time electronic payment from Your checking Account using information from Your check ("E-Check") to: (a) pay for purchases; or (b) pay bills. ATM CARD FOREIGN TRANSACTIONS. ATM and Point of Sale (POS) transactions made in foreign countries and foreign currencies will be transacted in U.S. Dollars. The conversion rate to dollars will be at: (i) the wholesale market rate; or (ii) the government-mandated rate, whichever is applicable, in effect one day prior to the processing date, increased by one percent.