Common use of Preauthorized EFTs Clause in Contracts

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings and/or checking account.  Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and checking account.  See Section 2 for transfer limitations that may apply to these transactions.  Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your Checking, or other savings and/or checking accountaccounts.  • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and checking accountaccounts.  See Section 2 for transfer limitations that may apply to these transactions.  • Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) 14 days after it has been made. A stop payment request for preauthorized Electronic Fund Transfers will apply to all subsequent transfers, unless you withdraw the request.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or employer, (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings share and/or checking share draft account.  - Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings share and checking accountshare draft accounts.  - See Section 2 for transfer limitations that may apply to these transactions.  - Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of on preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) 14 days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) 14 days after it has been made.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union credit union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings and/or checking account.  • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and and/or checking account.  • See Section 2 for transfer limitations that may apply to these transactions.  • Stop Payment Rights. If you have arranged in advance to make regular electronic fund funds transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutionsinstitution, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings and/or checking account.  Preauthorized Debits. Upon instructioninstructions, we will pay certain recurring transactions from your savings savings, and checking accountaccounts.  See Section 2 for transfer limitations that may apply to these transactions.  Stop Payment Rights. If you have arranged in advance to make regular electronic fund funds transfers out of your account(s) for money you owe others, you may stop payment of preauthorized preauthorization transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made. A stop payment request for preauthorized Electronic Funds Transfer will apply to all subsequent transfers, unless you withdraw the request.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your checking and/or savings and/or checking account.  • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and and/or checking account.  See Section 2 for transfer limitations that may apply to these transactions.  • Stop Payment Rights. If you have arranged in advance to make regular electronic fund funds transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made. A stop payment request for preauthorized Electronic Fund Transfers will apply to all subsequent transfers, unless you withdraw the request.

Preauthorized EFTs.  Direct Deposit. Upon instruction of (i) your employer or (ii) the Treasury Department or (iii) other financial institutions, the Credit Union will accept direct deposits of your paycheck or of federal recurring payments, such as Social Security, to your savings and/or checking account.  • Preauthorized Debits. Upon instruction, we will pay certain recurring transactions from your savings and checking account.  • See Section 2 for transfer limitations that may apply to these transactions.  • Stop Payment Rights. If you have arranged in advance to make regular electronic fund transfers out of your account(s) for money you owe others, you may stop payment of preauthorized transfers from your account. You must notify us orally or in writing at any time up to three (3) business days before the scheduled date of the transfer. We may require written confirmation of the stop payment order to be made within fourteen (14) days of any oral notification. If we do not receive the written confirmation, the oral stop payment order shall cease to be binding fourteen (14) days after it has been made.