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Agmt16 Wells Fargo Bank
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Agmt16 Wells Fargo Bank
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Last modified
8/30/2016 1:00:51 PM
Creation date
8/30/2016 12:49:11 PM
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Agreement
Contractor Name
Wells Fargo Bank
PROJECT NAME
Banking Services
Date
8/28/2016
MO Ref
16-138
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withdrawal fee for a withdrawal during the fust six days after the date of <br /> deposit be less than seven days' simple interest.\ <br /> III.Funds Transfers <br /> General. <br /> Funds transfers to or from Company's Account will be governed by the rules <br /> of any funds transfer system through which the transfers are made,as <br /> amended from time to tim�including without limitation, the National <br /> Automated Clearing House Association and any regional association (each, <br /> an"ACH")and Clearing House Interbank Payments System ("CHIPS'�.The <br /> following terms are in addition to,and not in place o�any other agreements <br /> between Company and Bank regarding funds transfers. <br /> NoHce of Receipt of Fhnds. <br /> Unless Bank has othern�rise ageed in writing,it will norify Company of <br /> funds electronically debited or credited to Company's Account through <br /> the statement for Company's Account covering the period in which the <br /> transaction occurred. Bank is under no obligation to provide Company with <br /> any additional notice ar receipt. <br /> Reliance on Identification Numbers. <br /> If a transfer instruction describes the person to receive payment <br /> inconsistently by name and account number,payment may be made on the <br /> basis ofthe account number even ifthe account number identifies a person <br /> different from the named persoa If a tcansfer instruction describes a <br /> participating financial institution inconsistenfly by name and identification <br /> number the identification number may be relied upon as the proper <br /> identification ofthe financial institution. <br /> Duty to Report Unauthorized and Erroneous F�nd'IYansfers. <br /> Company agrees to exercise ordinary care to determine whether a fund <br /> transfer to or from Company's Account was either erroneous or not <br /> authorized and will notify Bank of the facts within a reasonable time not <br /> exceeding fourteen (14)days after Bank sends or makes available to <br /> Company the statement for Company's Account on which the transfer <br /> appears or Company othervvise has notice of the transfer,whichever is <br /> earlier.Company will be precluded from asserting that Bank is not enritled <br /> to retain payment unless Cor�any objects to payment within the fourteen <br /> (14)day period. <br /> 41 <br /> ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT <br />
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