ACH Authorization Policy
This ACH Authorization Policy outlines the terms under which customers authorize SP Tech Solutions to initiate electronic debit transactions from their bank accounts for payment of services.
1. Authorization Agreement
By providing your bank account information and submitting payment through our website, electronic form, or other approved method, you expressly authorize SPTech Solutions to initiate ACH (Automated Clearing House) debit entries to your designated bank account for the purpose of paying for services rendered.
This authorization applies to:
- One-time payments
- Recurring payments (if applicable and agreed upon)
2. Payment Terms
You agree that:
- The amount and timing of each debit will be clearly disclosed prior to authorization
- Recurring billing, if applicable, will follow the agreed schedule
- You are responsible for ensuring sufficient funds are available in your account
SP Tech Solutions is not responsible for any overdraft or bank fees incurred due to insufficient funds.
3. Method of Authorization
Authorization may be obtained through one or more of the following methods:
- Online form submission via our website
- Electronically signed agreement
- Recorded verbal authorization (where permitted)
All authorizations are securely stored and maintained in compliance with applicable regulations.
4. Revocation of Authorization
You may revoke your ACH authorization at any time by providing written notice to SPTech Solutions at least 3–5 business days prior to the next scheduled payment.
Revocation requests must include sufficient details to identify your account and payment authorization.
5. Returned or Failed Transactions
If an ACH transaction is returned or rejected due to insufficient funds, incorrect account details, or other reasons:
- We may attempt to reprocess the payment
- Additional fees may apply for returned transactions
- Services may be suspended until payment is successfully completed
6. Disputes and Errors
If you believe an ACH debit was made in error, you agree to notify SPTech Solutions immediately.
We will investigate and, if applicable, take corrective action in accordance with applicable banking rules and regulations. Customers agree to contact us prior to initiating disputes with their financial institution.
7. Security and Compliance
We implement appropriate administrative, technical, and physical safeguards to protect your banking information. All ACH transactions are processed in accordance with applicable NACHA (National Automated Clearing House Association) operating rules.
8. Governing Terms
This ACH Authorization Policy is part of and should be read in conjunction with our Terms and Conditions and Privacy Policy.
9. Contact Information
For questions, authorization requests, or revocation notices, please contact us:
Email: [email protected]
Phone: +1 321 380 2140
By authorizing ACH payments, you acknowledge that you have read, understood, and agreed to the terms outlined in this ACH Authorization Policy.
