Common use of Preauthorized Electronic Fund Transfers Clause in Contracts

Preauthorized Electronic Fund Transfers. a. Authorization to Merchants. By providing your account number to any merchant or third party not already listed as a joint owner or authorized user on your account, you authorize all electronic funds transfers out of your account initiated by that merchant or third party.

Appears in 7 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Preauthorized Electronic Fund Transfers. a. Authorization to Merchants. : By providing your account number to any merchant or third party not already listed as a joint owner or authorized user on your account, you authorize all electronic funds transfers out of your account initiated by that merchant or third party.

Appears in 2 contracts

Samples: Mvfcu Membership and Account Agreement, Mvfcu Business Membership and Account Agreement

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