Electronic Check Terms of Use
- When you deposit by Electronic Check, you are requesting an electronic transfer from your U.S. or Canadian bank account.
- You agree that such requests, either by Internet or by telephone, will constitute your authorization for such transfers.
- You agree that the bank account you've specified above is your own personal bank account and is not a company bank account or a bank account registered to someone else.
- You acknowledge that by knowingly providing false information that this may constitute check fraud. Check fraud is a punishable offence and will be pursued to the fullest extent allowed under law.
- You agree that we cannot be held responsible for Electronic Check transactions made to or from incorrect bank account information (consisting of the routing code and account number) and that you are responsible for correctly entering and validating your bank account information.
- You agree that if any transactions credited to your account from your bank account results in Non-Sufficient Funds (NSF), an NSF fee of $30 for each NSF item will be charged to your bank account and such transfers may be re-billed to your bank account.
- You acknowledge that you may be requested to submit additional information to verify the information provided for this or subsequent Electronic Check transactions performed on your behalf.
- To ensure collection of funds, this agreement and your provided information may be forwarded to your bank, or to a designated collection agency.
- If for any reason your deposit is uncollectable, all activity funded by the deposit may be cancelled, voided or reversed at the sole discretion of Management. All delinquent accounts will be reported to the Credit Bureau.
- We reserve the right to submit corrected Electronic Check transactions based on the information provided by yourself and/or the Automated Clearing House (ACH) network.
- When you request a Payout to your registered bank account, you are requesting an electronic transfer to your bank account.
- Payout requests cannot be processed until funds are received (cleared) for all deposits made into your account.
- Submitted transactions may be rejected due to our inability to verify your identity based on the information provided and/or the information available to us in third party identity verification databases.
- You agree you are of legal age and agree to the stated terms.
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