Last Updated November 8, 2019
By providing deposit account information and authorizing any electronic payment using the Hatch Credit, Inc. (“we,” “us” and “our”) website, you understand and agree as follows:
- Each payment will be an automated clearing house (“ACH”) debit from the deposit account you have identified and authorized us to debit for such payment (the “Deposit Account”). Each ACH payment transaction will appear on the bank statement for the Deposit Account. By authorizing any ACH payment, you also authorize us to initiate additional ACH credit or debit transactions to correct any erroneous payment transaction. If you authorize a payment transaction and the information you provide is erroneous in any way, we have no liability for the error and no obligation to correct the error. You certify that you are an authorized signer on the Deposit Account, and that you will not dispute any payment you authorize, provided the payment corresponds to the terms of your authorization. You request the financial institution that holds the Deposit Account to honor all payments initiated in accordance with your authorization.
- Each payment initiated under these ACH Payment Terms and Conditions must comply with the Rules and Operating Guidelines of NACHA (formerly known as the National Automated Clearing House Association), and you agree to be bound by the NACHA Rules and Operating Guidelines.
- If any payment date falls on a weekend or holiday, you understand and agree that the payment may be executed on the next business day. If any ACH debit payment is returned unpaid by your financial institution, we may resubmit the ACH debit if permitted by the NACHA Rules and Operating Guidelines.
- We offer you the options of making one-time ACH payments or authorizing automatic recurring monthly ACH payments. You are not required to agree to authorize automatic recurring monthly payments. If you elect to authorize automatic recurring monthly payments, your authorization will remain in effect until you cancel the authorization by sending us notice of cancellation in writing at 576 Sacramento St. #300, San Francisco, CA 94111, by calling us at 888.516.2369, by emailing us at firstname.lastname@example.org, or by providing a new authorization for Automatic Recurring Monthly Payments. You agree to notify us of termination of this Authorization at least three (3) business days prior to the next payment due date. You may also notify the financial institution that holds your Deposit Account to stop any authorized payments at least three (3) business days before a scheduled payment date. IF YOU REVOKE YOUR AUTHORIZATION FOR AUTOMATIC RECURRING MONTHLY PAYMENTS OR NOTIFY YOUR FINANCIAL INSTITUTION TO STOP PAYMENT, YOU WILL STILL BE RESPONSIBLE FOR MAKING ALL PAYMENTS THAT COME DUE UNDER YOUR BUSINESS CREDIT CARD AGREEMENT WITH US, either by authorizing a one-time ACH payment for each such payment due or by providing a new Automatic Recurring Payment Authorization. You agree to notify us of any changes in your Deposit Account information at least three (3) business days prior to the next payment due date business days prior to the next payment due date.