By signing below I hereby authorize Better Banks to initiate debit entries to my deposit account indicated above and the depository named above to credit to my loan account. I acknowledge the origination of ACH transactions to my account must comply with the provisions of U.S. law.
I further acknowledge, if my payment is returned unpaid, I authorize Better Banks to make a one-time electronic fund transfer from my account to collect a $25.00 returned item processing fee.
I understand that if the payment is being transferred from my Better Banks account and the transfer fails due to insufficient funds, the Bank will continue to attempt the payment transfer each day until successful.
I understand that this authorization will remain in full force and effect until I notify Better Banks by phone or at any branch location that I wish to revoke this authorization. I understand that Better Banks requires at least 5 business days prior notice in order to cancel this authorization.