Common use of ACH Debits Clause in Contracts

ACH Debits. Your Varo Bank Account number and Varo Bank’s ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of the new Bank Account number to ensure that you continue to make payments.

Appears in 2 contracts

Samples: prod-cdn.varomoney.com, www.varomoney.com

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ACH Debits. Your Varo Bank Account number and Varo Bank’s the Bank’s ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet Internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of Merchants. You must provide them with the new Varo Bank Account number to ensure that you continue to make paymentsthe ACH Debit activity continues uninterrupted.

Appears in 1 contract

Samples: Varo Bank Account Agreement

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ACH Debits. Your Varo Bank Account number and Varo the Bank’s 's ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet Internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of Merchants. You must provide them with the new Varo Bank Account number to ensure that you continue to make paymentsthe ACH Debit activity continues uninterrupted.

Appears in 1 contract

Samples: Varo Bank Account Agreement

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