Echeck Agreement
We recommend that you print and save this agreement for future reference
I authorize Electrum Corporation to debit from the checking account indicated above in accordance with the Rules of the National Automated Clearing House (NACHA), for the purchase amount for goods and/or services I purchase using my ECheckŪ card from an authorized ECheckŪ Merchant.
I will promptly notify Electrum Corporation if my card is lost or stolen by calling 1-800-827-5871, and will not change or alter my card or authorize its use by any other person. In addition, I will notify Electrum Corporation immediately if I desire to change checking accounts by calling 1-800-827-5871.
You understand that an ACH transaction may take up to three (3) business days to POST to your bank account. When you conduct this type of transaction, you are responsible for ensuring that the funds are available at the time the transaction is conducted and processed (posts) to your account. You acknowledge that the origination of ACH transactions to your account must comply with the provisions of U.S. law. In addition, you are authorizing Merchants and Electrum Corporation to verify your Identity. You also authorize Electrum Corporation to provide transaction history information to Merchants. The authorization to complete such transactions will remain in effect until you terminate this Agreement by contacting Customer Service by email: support@electrumcorp.com or by telephone at 1-800-827-5871.
You may also write to us at:
Electrum Corporation
ECheck Department
P.O. Box 1206
Prospect, KY 40059
If you enroll in our ECheck service, you represent and warrant that you have authority to make withdrawals from and otherwise authorize debits and credits to your checking account designated in the Application. In the event that your bank does not allow electronic transactions, you authorize Electrum Corporation to convert the electronic transaction data to a paper draft for presentment to your bank. In the event that your bank denies the electronic transaction and returns electronic payment to Electrum Corporation, you authorize Electrum Corporation to re-present the original electronic transaction amount. If your payment is returned unpaid (NSF, Account Closed/Frozen, etc.), you authorize us to make an electronic fund transfer from your account to collect the original transaction and a ?return fee?. The return fee will be the maximum amount permissible by state law. This fee is separate from any fees that your bank may impose for such returns. Until such time as the face amount of the check and/or service charges and recovery costs has been paid, Electrum Corporation may suspend any ECheck privileges.
We recommend that you have Overdraft Protection on the account used for your payment card transactions. Electrum Corporation may share data with third parties to verify your identity and the validity of the data presented during enrollment.
By accepting this Agreement, you are authorizing Electrum Corporation to access information from third parties for the purpose of verifying your identity and to prevent fraud and to authenticate information used to subscribe to the Service in accordance with Electrum Corporation?s Privacy Policy.
By clicking on the "Accept" button you accept to the terms of this agreement.