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 institution, 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 instructions, we will pay certain recurring transactions from your savings, and checking accounts.  See Section 2 for transfer limitations that may apply to these transactions.  Stop Payment Rights. If you have arranged in advance to make electronic funds transfers out of your account(s) for money you owe others, you may stop payment of 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 institutioninstitutions, 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 instructionsinstruction, we will pay certain recurring transactions from your savings, and savings and/or checking accountsaccount.  • 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 funds transfers out of your account(s) for money you owe others, you may stop payment of preauthorization 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 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 institutioninstitutions, 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 instructionsinstruction, we will pay certain recurring transactions from your savings, savings and checking accountsaccount.  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 funds fund transfers out of your account(s) for money you owe others, you may stop payment of preauthorization 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 Funds Transfer will apply to all subsequent transfers, unless you withdraw the request.

Preauthorized EFTs.  ▪Direct Deposit. Upon instruction instructions of (i) your employer or employer, (ii) the Treasury Department or (iii) other financial institutioninstitutions, the Park Community 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 instructionsinstruction, we will pay certain recurring transactions from your savings, share and checking share draft accounts.  See Section 2 “Transfer Limitations” for transfer limitations limits that may apply to these transactions.  ▪Stop Payment Rights. If you have arranged in advance to make regular electronic funds transfers out of your account(s) for money you owe others, you may stop payment of preauthorization on these preauthorized transfers from your account. You must notify us orally or in writing at any time up to least 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 was made. A stop payment request for preauthorized Electronic Funds Transfer will apply to all subsequent transfers, unless you withdraw the request.