Schedule your payment to be automatically deducted from your checking or savings account.
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. By providing deposit account information and authorizing any electronic payment using the Hatch Credit, Inc. (“Hatch,” “we,” “us” and “our”) website, you understand and agree as follows:
You authorize Hatch to make regularly scheduled charges to the bank account you have identified and authorized us to debit for such payment (the “Bank Account''). Each payment will be an automated clearing house (“ACH”) debit from the Bank Account you have identified and authorized. Each month you will pay the Monthly Statement Account Balance. The charge will appear on your Hatch monthly account statement as “ACH PAYMENT” or “AUTO ACH PAYMENT”. You agree that no prior notification will be provided before each payment.
The financial institution that holds your Bank Account, as represented by the bank routing number or debit card number, is authorized, directed and empowered to allow such electronic funds transfer to occur. This agreement is further subject to the Terms of Service provisions and Electronic Consent Policy you agreed to at the time of opening your account. Each ACH payment transaction will appear on the bank statement for the Bank 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 Bank Account, and that you will not dispute any payment you authorize, provided the payment corresponds to the terms of your authorization.
Your autopay authorization will remain in effect until you cancel the authorization by sending us notice of cancellation in writing at Hatch Credit, Inc., PO Box 7775, PMB 68032, San Francisco, CA 94120-7775, by calling us at 1-888-516-2369, or by emailing us at email@example.com, 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 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.
I understand that under the federal E-SIGN Act, Hatch can deliver information and required disclosures to me electronically and can use electronic records and electronic signatures in connection with my transactions with Hatch.
I am the authorized signer on the Bank Account I select. I authorize Hatch to make regularly scheduled charges to the Bank Account that I select, on or around each due date indicated on my Hatch account monthly statement. I also acknowledge the following: I am the authorized signer on this account. I authorize Hatch to charge the Bank Account I select on the transaction date I select. I also acknowledge the following: 1) Each payment initiated under these ACH Payment Terms and Conditions must comply with U.S. Law and the Rules and Operating Guidelines of the National Automated Clearing House Association (NACHA), and I agree to be bound by the NACHA Rules and Operating Guidelines. 2) I understand and agree that if any payment date falls on a weekend or holiday, the payment may be initiated on the next business day. 3) I understand that ACH payments are electronic transactions, and payment may be withdrawn from my Bank Account immediately on each scheduled due date. 4) I have provided complete and accurate information about my Bank Account and agree to notify Hatch in writing of any changes in my Bank Account information or payment authorization at least 3 business days in advance of any scheduled payment date. 5) I understand that if I dispute any transaction, Hatch will be unable to reverse it or provide a refund, so long as I have authorized the transactions, and the transactions correspond to the terms indicated in this authorization form, except as expressly required by applicable law or payment network rules.
I understand that Hatch may debit my selected Bank Account each month on the due date indicated on my Hatch monthly statement, even if I made other payments between the statement issuance date and the due date up to the full statement balance. No payment will be made if my Hatch Card has zero outstanding balance when the AutoPay Payment begins processing.
I understand that payments will be deducted electronically from my banking account via Automatic Clearing House (ACH) payment.
I understand that payments, ACH withdrawals, and my Hatch account records are updated on business days. Business days are weekdays (not Saturdays or Sundays) and are not Federal or bank holidays in Massachusetts or California.
I understand that ACH Payments are subject to up to a 7-day hold, and though payments may be reflected in my Hatch account, I may be unable to use all of my available credit until the payment is cleared.
I understand I have the right to stop payment on preauthorized and pre-scheduled payments. If I have authorized Hatch to make Recurring AutoPay payments out of my account, or have pre-scheduled a one-time payment at least 3 business days in advance of the scheduled payment date, I can stop any of these payments. Here’s how:
If I withdraw my authorization for a payment or stop a payment, I am still required to pay all outstanding amounts on my Hatch account when due. If I believe there was an error in the payment amount debited from my bank account, I will promptly call or write Hatch using either of the methods described above, or I will contact my bank.
If I order Hatch to stop one of my payments 3 business days or more before the transfer is scheduled and Hatch does not do so, Hatch will be liable for my losses or damages.
I understand I ought to print or download a copy of this agreement for my records.