Fill - Free fillable Alterna Bank M2M Form Me to Me Money Transfer Authorization PDF form

Me to Me Money Transfer Authorization

November 2016

Page 1 of 3

Link your accounts at Alterna Bank to your accounts at another Canadian bank or credit union to transfer

money between your accounts using the Online banking service.

To link your accounts, complete this form and follow the instructions below.

Step 1 Provide us with your contact information and Alterna Bank account details

Full Name:

Phone #:

Client #:

Email:

Your Linked accounts must be either chequing or savings accounts that are denominated in Canadian funds.

Step 2 Attach a cheque from your other Canadian bank or credit union account

1. Obtain a cheque on your account at the other Canadian bank or credit union that

you want linked to your Alterna account. The cheque must be personalized with

your full name (e.g. John Smith).

2. Write VOID across the cheque.

3. In the memo field of the cheque write your Alterna Bank account number.

4. You do not need to sign the cheque.

You cannot link accounts if:

Your account at the other

financial institution requires

more than one signature to

withdraw funds or operate

the account.

Your Alterna Bank Account

or your account at the other

financial institution is a

business account.

Step 3 Authorize us to link the Accounts

By checking this box you declare that the account in respect of which you have attached the void cheque (the “External

Account”) requires only your signature to withdraw funds or to operate the account.

You hereby confirm that the information provided above is true and correct. You agree to be bound by the

terms and conditions set out on page two of this Authorization.

Account Holder’s Name:

Account Holder’s Signature: Date:

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signature

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Me to Me Money Transfer Authorization

November 2016

Page 2 of 3

Step 4 Deliver this completed form and attach your void cheque by one of the following methods:

Mail to:

Alterna Bank

165 Attwell Drive, Toronto, ON M9W 5Y5

Email to:

questions@alterna.ca

Step 5 Verifying and linking your accounts

1. Within 3 business days of receiving the signed authorization and void

cheque Alterna will link the External Account.

2. An Alterna representative will contact you to verify the link is ready for

use.

3. You can begin to transfer money to and from your other financial

institution from Alterna’s Online Banking service.

For more information

Call our Contact Centre at

1.866.560.0120 or visit

us online at

www.alternabank.com

Authorization

Terms and Conditions

1. Interpretation

“Account” – means your account at Alterna that is indicated on page 1 of

this Authorization.

“Account Agreement” means the account agreement in place between you

and Alterna that governs the use of your Account.

“Alterna” or “us” means Alterna Bank.

“Direct Services” – means the services offered by Alterna from time to time

that allows a client to access an account using a telephone, a computer, or

any other electronic device. It does not include card services such as

debit

smart cards under the Direct Services Agreement.

“Direct Services Agreement” means the agreement in place between you

and Alterna in respect of the Direct Services.

“External Account” – means an account held in your name at another

Canadian financial institution as indicated on page 1 of this Authorization.

“PAC” – means the access code or word used with Direct Services to access

an Account. It does not refer to the personal identification number (PIN)

used with card services.

“Me to Me Money Transfer Service” means the service offered by Alterna

that allows you to transfer funds to and from your Account and your

External Account.

“Pre-Authorized Debit” – means a debit that is processed electronically to

your Account or to your External Account, as the case may be, and in

accordance your request, in order to enable you to utilize the Me to Me

Money Transfer Service.

“Relevant Account” means either the Account or the External Account, as

the context requires, and “Relevant Accounts”, means both the Account

and the External Account.

“You” or “Your” means the individual in whose name the Account is opened

and who is requesting enrollment in the Me to Me Money Transfer Service.

2. This Authorization is provided in respect of Pre-Authorized Debits for

funds transfers.

3. By signing this Authorization, you hereby request and authorize Alterna

to initiate debits and credits to your Account and to your External Account,

as you may from time to time direct, and in the amounts specified by you,

for the purposes of using the Me to Me Money Transfer Service. You

understand that Alterna has the discretion to limit the amount of any

transfers made using the Me to Me Money Transfer Service.

4. You acknowledge that this Authorization is provided for the benefit of

both Alterna and the financial institution holding your External Account and

is provided in consideration of Alterna and the financial institution holding

your External Account agreeing to debit either your Account or your

External Account, as the case may be and as you direct, and to transfer the

amount debited to the Relevant Account, all as requested by you using the

Me to Me Money Transfer Service (such fund transfers “Transactions”). You

understand that each time you log onto Direct Services using the PAC and

transmit an instruction to Alterna to initiate a Transaction, you will be

deemed to authorize Alterna or the financial institution holding your

External Account, as the case may be, to debit the Relevant Account for the

amount requested and to transfer that amount to the other Relevant

Account, in each case, on the date the Transaction is requested by you, or,

if such day is on a weekend or statutory holiday, on the next business day.

5. You have certain recourse rights if any debit does not comply with this

Authorization. For example, you have the right to receive reimbursement

for any debit that is not authorized or is not consistent with this

Authorization. To obtain more information on your recourse rights,

you

may

or visit www.payments.ca.

6. You agree to immediately notify Alterna, in writing, of any changes to

the account information in respect of the External Account.

7. You acknowledge and agree that Alterna, at its discretion, in all provinces

except Québec, may limit the type of transfers that can be conducted

between the Account and the External Account, specifically whether

transfers will be in the form of credits to the External Account, debits from

the External Account or both credits to and debits from the External

Account.

In Québec, Alterna may also limit transactions in accordance with the

following procedure:

(i) a written notice will be sent to you at least 30 days before the effective

date of the change which will set out the change, specify the effective date

of change as well as your rights as set out in paragraph (b) hereinafter;

(b) You will be allowed to refuse the change and terminate the Agreement

without cost, penalty or cancellation fee, by sending to Alterna Bank a

notice to that effect no later than 30 days after the change comes into

force.

8. You may cancel this Authorization at any time by providing [30 days’]

notice of revocation or cancellation to Alterna in writing. You may obtain a

sample cancellation form, or further information on your right to cancel this

Authorization at Alterna or at the institution that holds your External

Account or by visiting www.payments.ca.

November 2016

Page 3 of 3

Me to Me Money Transfer Authorization

9. The terms and conditions of the Account Agreement and the Direct

Services Agreement between you and Alterna Savings Credit Union will

apply to the Transactions undertaken using the Me to Me Money Transfer

Service.

10. You acknowledge that this Authorization applies only to the method of

payment to fund a Transaction, that revocation or cancellation of this

Authorization does not terminate or otherwise affect your obligations

under the Account Agreement, the Direct Services Agreement or any pre-

existing Transaction authorized by you prior to termination of this

Authorization.

11. You consent to the disclosure of any personal information contained in

this Authorization to any third parties as may be required to process the

debits in accordance with the rules of the Payments Canada including

disclosure of any other information that will be provided by Alterna to the

institution holding your External Account in order to process Transactions.

12. You understand that you can contact Alterna at its Contact Centre

noted on the page 1 of this Authorization to make any inquiries, obtain

further information or seek any recourse rights.

13. It is the express wish of the parties that this Authorization and any

related documents be drawn up and executed in English. Les parties

conviennent que la présente Autorisation et tous les documents s’y

rattachant soient rédigés et signés en anglais.

CS Alterna Bank operates as Alterna Bank. CS Alterna Bank is a member of Canada

Deposit Insurance Corporation (CDIC).

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