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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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Template:
Agreement
Contractor Name
Wells Fargo Bank
PROJECT NAME
Banking Services
Date
8/28/2016
MO Ref
16-138
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Erron�us Payment Orders. <br /> Bank has no obligation to detect errors in paytnent orders (for example,an <br /> erroneous instruction to pay a beneficiary not intended by Company ar to <br /> pay an amount greater than the amount intended by Company,or an <br /> emoneous tcansmission of a duplicate payment order previously sent by <br /> Company). Should Bank detect an error on one or more occasions, it shall not <br /> be construed as obligating Bank to detect errors in azry future payment order. <br /> Automated C7earing House (ACH)Transactlons. <br /> The following terms apply to payments to or&om Company's Account that <br /> are hansmitted through an ACH: <br /> •Company's rights as to payments to or from Company's Account will be <br /> govemed by the laws that govern Company's Account. <br /> � Credit given by a receiving bank to its customer for a payment from <br /> Company's Account is provisionat until final settlement has been made or <br /> until payment is considered received under the laws that govem <br /> Company's A000tm� <br /> • If final settlement or payment is not made or received, the receiving bank <br /> will be entitled to a refund from its customer and Company,as the <br /> originator of the payment will not be considered to have paid Company's <br /> customer. <br /> • If a payment is made to Company's Account and Bank does not receive <br /> final settlement or payment is not received under the laws goveming this <br /> Agreement, Company will not be considered to have received payment, <br /> and Bank will be entitled to reimbursement from Company for that <br /> PaYm�lt <br /> 'CompanY hereby authorizes arry Originating Depositary Financial <br /> Institution(ODFn to initiate,pwsuant to ACH Operating Rules,ACH <br /> debit entries to Company's Account for electronic presentment or re- <br /> presentrnent of Items written or authorized by Company. <br /> IV.Selected Services <br /> Stagecoach Depositm-ATMDeposit Only Card Service. <br /> Company may elect to ufilize Bank's Stagecoach Deposit�-ATM Deposit <br /> Only Card Service by completing and retuming to Bank the setup form for <br /> the Service.This Service allows Company to make deposits to Company's <br /> Account using a Stagecoach Deposit�-ATM Deposit Only card ("Deposit <br /> 42 <br /> ATTY/AGR/2016.186NVELLS FARGO BANKING AGREEMENT <br />
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