Electronic check transfers Sample Clauses
Electronic check transfers. You shall obtain a receipt from the merchant or service provider at the time you make any electronic check transfer from your account.
Electronic check transfers. When you authorize a merchant to electronically debit your share draft/checking account, the transaction is an electronic funds transfer that is subject to this EFT Disclosure Agreement. For example, paying bills directly by phone.
Electronic check transfers. Electronic check transfers are a type of one-time Automated Clearing House (ACH) transfer to include, but not limited to: Point of purchase/sale (POP/POS) represented check (RCK, and accounts receivable truncated checks. With each of these types of electronic transfers, merchants use your draft/check to electronically debit your checking account through the ACH Network. Represented check transfers are not subject to the regulations; however, fees debited electronically for represented checks are subject to the regulation.