ACH AUTHORIZATION

1. Each debit entry to the account will be for a sum which is owed to the COMPANY or is a correction of a previously transmitted erroneous credit entry.
2. Any credit given to CUSTOMER for any entry is provisional until the COMPANY’s financial institution receives the funds.  If COMPANY’s financial institution does not receive the funds, CUSTOMER shall not be deemed to have paid COMPANY.
3. CUSTOMER agrees to keep sufficient funds in their account at all times to pay their accounts due to COMPANY.  In the event any automatic debit fails to clear because of insufficient funds, CUSTOMER shall be charged Twenty Five Dollars ($25) for each insufficient funds transaction.
4. In the event CUSTOMER closes an account and/or closes an account and opens a new account, CUSTOMER will notify COMPANY in advance and will execute a new ACH Authorization form.
5. COMPANY may initiate a reversing entry as permitted by Rules of the National Automated Clearing House Association.
6. CUSTOMER holds COMPANY harmless and agrees to indemnify COMPANY against any loss, liability, or expense, including attorney fees and expenses, resulting from or arising out of any claim of any person for any act or omission of COMPANY or any other person or entity, including any federal reserve financial institution or transmission or communication facility, any receiver or receiving depository financial institution, arising out of the preauthorized payments and other acts pursuant to this agreement.  In no event shall COMPANY be liable for any consequential, special, punitive or indirect loss or damage, which CUSTOMER may incur or suffer in connection with this Agreement.
7. CUSTOMER agrees and warrants that they are the only person or persons having any interest in the account in the Banking Institution designed in this Agreement.
8. COMPANY may amend the terms of this Agreement from time to time by notice to CUSTOMER.  Either party may terminate this Agreement upon fifteen (15) days written notice to the other.  COMPANY may terminate this Agreement for cause, without notice, which shall include but not be limited to CUSTOMER’s failure to maintain sufficient funds in the account to clear all debit entries initiated by COMPANY.
9. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns.
10. This Agreement shall be construed in accordance with and governed by the laws of the State of Illinois and the Rules of the National Automatic Clearinghouse Association.

Dates for Billing Deductions

Customers on billing cycle 1- 15th of the month
Customers on billing cycle 15 - 1st of the month

*Note: If the above date falls on a weekend or Holiday, the deduction will take place the following day.