I hereby authorize Rize Federal Credit Union (RizeCU or the Credit Union) to electronically debit my external account and, if necessary, to electronically credit my external account to correct erroneous debits at the financial institution designated in the “Pay From” field to make a payment on my RizeCU loan.

I understand the following terms and conditions apply to this authorization:

My external account at another financial institution will be debited (charged), and funds will be credited to my RizeCU loan. I acknowledge it is my responsibility to make sure enough funds are on deposit in my account at the other financial institution on my loan payment scheduled date to make the payment. In the event that funds are not available in my account at the other financial institution and the entry is returned, RizeCU will impose a returned payment fee as outlined in the Tarifas y Cargos, and it is my responsibility to reinitiate the transaction or make a payment by other means.

I understand payments to my RizeCU loan may be scheduled for the same day until 6pm PST, Monday through Friday; payments submitted after 6pm will be processed as early as the next business day or any future business date you designate. The debit to my external account may take one to two business days to process. If the due date for my transfer falls on a weekend or a holiday, the transaction to credit my loan and debit my external account will begin processing the next business day.

Payments made using this service may not exceed $15,000, and you may not pay more than two payments for one loan on the same day. The maximum number of payments that may be applied during a 28-day period is five. Payments in excess of $5,000 made to unsecured loans or personal lines of credit may not be immediately available for use, although the payment will be applied to your loan balance on the processing date. Your available credit may not be increased for the amount of the payment for up to five business days to allow us time for processing.

RizeCU is relying on the information I entered. If the information is incorrect, the debit may be returned, which could result in my payment being late and a fee imposed.

I understand this ACH transaction must comply with all applicable laws. This authorization will remain in effect unless/until I notify RizeCU that I have revoked it. Notice must be given by completing the “change or cancel transaction” in the Online Payment section of the online banking service at least three days before the effective date of the payment. I can also stop payment by notifying the financial institution that holds the account from which payment will be debited.

If any payment is rejected or reversed for any reason, it will be reversed on my loan, and I will be responsible for making payment to the Credit Union separately.