Common use of Electronic Check Conversion Clause in Contracts

Electronic Check Conversion. If you pay for something by check and the merchant or other payee permits, you may authorize the merchant or payee to make a one-time electronic payment from your Checking Account using information from your check to pay for purchases or to pay bills. You may also authorize a merchant or payee to electronically debit your Checking Account for returned check fees. You are deemed to have authorized these transfers if you sign an authorization or if you engage in the transaction after receiving notice that the transfer will be treated as an electronic fund transfer. Note: When these items clear they may not appear in the section of the statement reserved for checks cleared, but may appear in the debit section of your statement.

Electronic Check Conversion. If you pay for something by check and the merchant or other payee permits, you may authorize the merchant or payee to make a one-time electronic payment from your Checking Account using information from your check to pay for purchases or to pay bills. You may also authorize a merchant or payee to electronically debit your Checking Account for returned check fees. You are deemed to have authorized these transfers if you sign an authorization or if you engage in the transaction after receiving notice that the transfer will be treated as an electronic fund transfer. Note: When these items clear they may not appear in the section of the statement reserved for checks cleared, cleared but may appear in the debit section of your statement.

Electronic Check Conversion. If you pay for something by check and the merchant or other payee permits, you may authorize the merchant or payee to make a one-one- time electronic payment from your Checking Account using information from your check to pay for purchases or to pay bills. You may also authorize a merchant or payee to electronically debit your Checking Account for returned check fees. You are deemed to have authorized these transfers if you sign an authorization or if you engage in the transaction after receiving notice that the transfer will be treated as an electronic fund transfer. Note: When these items clear they may not appear in the section of the statement reserved for checks cleared, but may appear in the debit section of your statement.