In this Electronic Payment Disclosures and Agreement, the words “you”, “your” and “I” mean the borrower, and the words “we”, “us,” and “our” mean Bank of Orrick. This Electronic Payment Disclosures and Agreement governs electronically authorized ACH debits and debit card charges.

If you believe your information has been lost or stolen, you should contact your account-holding financial institution. If you would like to also inform us of an unauthorized transfer relation to any transactions with us, please contact us in writing at info@atlaspersonalfinance.com and/or P.O. Box 199, Orrick, MO 64077.

We will disclose information to third parties about your account or the transfers you make: (1) where it is necessary for completing the transfers, (2) in order to verify the existence or condition of your account for a third party such as a credit bureau or a merchant, (3) in order to comply with government agencies or court orders, or (4) if you have given us written permission. See also the Atlas by Bank of Orrick Privacy Policy.

One-Time Payments

By designating a bank account or debit card for a one-time payment, you authorize us to initiate an ACH debit entry to your bank account or initiate a charge on your debit card, as applicable, on the date and in the amount requested. You agree there will be a sufficient balance to pay the requested payment and agree that we are not liable for any overdraft or insufficient fund charges caused by your failure to maintain funds sufficient to cover the scheduled payment. If you authorized an ACH debit entry to your account, you also authorize us to re-initiate the ACH up to two additional times for the same amount if the ACH is dishonored. If any payment cannot be obtained by the ACH debit entry or debit card charge, you remain responsible for such payment and any resulting fees under your Loan Agreement.

Preauthorized Recurring Payments

  1. Authorization for Recurring Payments. By designating a bank account or debit card for automatic recurring payments, you agree to automatic recurring payments and acknowledge and agree to the following: (a) You authorize us to initiate ACH debit entries to your bank account or initiate charges on your debit card, as applicable, on dates and in the amounts you schedule. You agree there will be a sufficient balance to pay all requested payments and agree that we are not liable for any overdraft or insufficient fund charges caused by your failure to maintain funds sufficient to cover the scheduled payments. If you authorized ACH debit entries to your account, you also authorize us to re-initiate any ACH up to two additional times for the same amount if the ACH is dishonored. If any payment cannot be obtained by ACH debit entry or debit card charge, you remain responsible for such payment and any resulting fees under your Loan Agreement. (b) You have provided us with all necessary information for the bank account or debit card that you wish to use and that the bank account or debit card is legitimate, open, and active. You agree to notify us promptly if this information changes. (c) The origination of any ACH debit entry or debit card charge must comply with U.S. law. (d) The use of automatic recurring payments is optional and not a requirement of obtaining or continuing your loan. You agree that your authorization of automatic recurring payments is completely voluntary and for your convenience.
  2. Right to Stop Payment and Procedure for Doing So. If you have authorized us in advance to make automatic recurring payments, you can stop these payments by (1) calling us at 1-888-354-1532, or (2) writing us at info@atlaspersonalfinance.com and/or P.O. Box 199, Orrick, MO 64077, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and deliver your request to us within 14 days after your call.
  3. Notice of Varying Amounts. You have the right to receive notice of all transfers varying in amount. You acknowledge that we elected to offer you a specified range of amounts for the automatic recurring payments (in lieu of providing the notice of transfers in varying amount). The amount of any preauthorized payment will range from (i) the schedule payment amount provided in your Loan Agreement (which may be less than a scheduled payment if partial prepayments have been made), to (ii) an amount equal to the scheduled payment plus as applicable, any other amounts I may owe under your Loan Agreement (e.g. late charge) up to an additional $100.
  4. Liability for Failure to Stop Payment of Preauthorized Transfer. If you order us to stop one of these payments 3 business days or more before the payment is scheduled, and we do not do so, we will be liable for your losses or damages.

IMPORTANT NOTE: THIS INFORMATION IS ONLY APPLICABLE TO TRANSACTIONS BETWEEN YOU AND ATLAS BY BANK OF ORRICK. FOR FURTHER INFORMATION, YOU SHOULD CONTACT YOUR ACCOUNT-HOLDING FINANCIAL INSTITUTIONS. YOU MAY HAVE ADDITIONAL RIGHTS AND OBLIGATIONS.