Bank Account Debit Authorization
Notice
By using Straddle services, you agree to Straddle and its affiliates’ right to debit your User Bank Account and you authorize Straddle and its affiliates to debit your User Bank Account to collect any fees owed or other amounts due to Straddle or its affiliates or to credit or transfer funds to any of your accounts maintained with Straddle or its affiliates. Your authorization to Straddle and its affiliates extends to any bank account that you link to Straddle services (i.e. any User Bank Account).
ACH Authorization in Accordance with the Nacha Rules
Both parties agree to be bound by Nacha Operating Rules as they pertain to all ACH transactions initiated by Straddle Payments, Inc that credit or debit the [Straddle User Legal Business Name] bank account and acknowledge that the origination of ACH transactions to the listed account must comply with provisions of U.S. law.
I authorize Straddle and Straddle’s Affiliates to periodically debit any of the [Straddle User Legal Business Name] Bank Account(s) for any amount owed to Straddle or Straddle’s Affiliates under the Straddle Services Agreement or to credit or transfer funds to any of my accounts maintained with Straddle or Straddle’s Affiliates, until this authorization is revoked. My authorization to Straddle and its affiliates extends to any bank account that you link to Straddle services (i.e. any Straddle User Legal Business Name Bank Account).
I waive any prior notice requirements for Straddle and/or Straddle Affiliates to provide me or my company with notice of a debit for amounts owed to Straddle or Straddle’s Affiliates or amounts used to credit or transfer funds to any of my accounts with Straddle or Straddle’s Affiliates. I confirm that I, Primary Account Owner am the only person required to authorize debits from the [Straddle User Legal Business Name] Bank Account. I understand that Straddle and Straddle Affiliates will only debit the [Straddle User Legal Business Name] Bank Account(s) in accordance with the Straddle Services Agreement or as otherwise agreed between Straddle or Straddle’s Affiliates and me.
I may amend or cancel this authorization at any time by providing Straddle with 30 days’ notice. For notices to Straddle, you must contact us via toll-free @ (833) 810-1008 phone or email at support@straddle.com. A notice you send to Straddle is deemed to be received when Straddle receives it.