Common use of ACH Transactions Clause in Contracts

ACH Transactions. General. Money can be credited to or debited from your Account because of ACH or other money transfer entries. These credits and debits are normally subject to additional rules of the money transfer system that processes them, such as the rules of the National Automated Clearing House Association and local ACH operating rules. An ACH credit entry to your Account is provisional until the Bank receives final settlement through a Federal Reserve Bank or otherwise receives payment as provided in Section 403(a) of Article 4A of the Uniform Commercial Code. The Bank is entitled to a refund of the credit entry if it does not receive final settlement or payment. In that case, the person who originally sent the credit entry will be considered not to have paid you. In addition, unless required by applicable law, Stifel will gener- ally not give you notice of the receipt of an entry by the Bank. Entries will, however, be included on your Account statement. Generally, ACH Transactions for consumer accounts are con- sidered Electronic Fund Transfers.

ACH Transactions. General. Money can be credited to or debited from your Account because of ACH or other money transfer entries. These credits and debits are normally subject to additional rules of the money transfer system that processes them, such as the rules of the National Automated Clearing House Association and local ACH operating rules. An ACH credit entry to your Account is provisional until the Stifel Bank receives final settlement through a Federal Reserve Bank or otherwise receives payment as provided in Section 403(a) of Article 4A of the Uniform Commercial Code. The Stifel Bank is entitled to a refund of the credit entry if it does not receive final settlement or payment. In that case, the person who originally sent the credit entry will be considered not to have paid you. In addition, unless required by applicable law, Stifel will gener- ally gen- erally not give you notice of the receipt of an entry by the Stifel Bank. Entries will, however, be included on your Account statement. Generally, ACH Transactions for consumer accounts are con- sidered considered Electronic Fund Transfers.

ACH Transactions. General. Money can be credited to or debited from your Account because of ACH or other money transfer entries. These credits and debits are normally subject to additional rules of the money transfer system that processes them, such as the rules of the National Automated Clearing House Association and local ACH operating rules. An ACH credit entry to your Account is provisional until the Bank receives final settlement through a Federal Reserve Bank or otherwise receives payment as provided in Section 403(a) of Article 4A of the Uniform Commercial Code. The Bank is entitled to a refund of the credit entry if it does not receive final settlement or payment. In that case, the person who originally sent the credit entry will be considered not to have paid you. In addition, unless required by applicable law, Stifel will gener- ally generally not give you notice of the receipt of an entry by the Bank. Entries will, however, be included on your Account statement. Generally, ACH Transactions for consumer accounts are con- sidered considered Electronic Fund Transfers.