I hereby authorize Service Credit Union, to initiate debit entries and to initiate, if necessary, credit entries and adjustments for any debit entries in error to my checking account indicated at the financial institution named (hereinafter called “Other Financial Institution or Other FI”), to credit and/or debit the same to such account.
- My account at the Other Financial Institution will be debited (charged) and funds will be credited to my Service Credit Union Account.
- In the event that funds are not available in my account at the other financial institution and the entry is returned, Service Credit Union will impose a handling fee and resubmit the entry.
- If the due date for my transfer falls on a weekend or a holiday, my transaction will occur the next business day.
I understand that this agreement is subject to cancellation if two payments are returned unpaid in a single month from my Other Financial Institution.