CONSUMER ACH AUTHORIZATION AND AGREEMENT
I acknowledge that the “Transfer Funds” feature allows me to electronically transfer funds via the Automated Clearing House (“ACH”) between my eligible Plata Financial Inc. (“Plata”) account(s) and my external account(s) at other financial institutions (“External Account(s)”) once I have successfully registered my External Account(s). This includes:
One-time on-demand transfers, which allow me to initiate multiple, non-recurring, individual transfers based on the transfer date and dollar amount that I request through the Transfer Funds feature of Online and Mobile Banking
Recurring transfers, which allow me to initiate recurring transfers at regular intervals that I have established through the Transfer Funds feature of Online and Mobile Banking
Other ACH transfer features that Plata may make available
ACH transactions may be subject to dollar amount and/or frequency limits, which will be disclosed to the account holder in Plata’s Terms and Conditions.
Subject to the terms of the Transfer Funds feature and the terms of my other agreements with Plata, I hereby authorize Plata to initiate electronic credit/debit entries to my eligible Plata account(s) and each registered External Account indicated at the time the transfer is requested for various amounts at varying times by making on-demand transfers pursuant to my instructions and/or fixed amount at the frequency I have selected by making recurring transfers pursuant to my instructions (a “Preauthorized Transfer”). If any transfer date falls on a weekend or bank holiday, I understand and agree that the transfer may be executed on the next business day, or as soon as reasonably possible at the discretion of Plata.
I hereby represent and warrant that I have all necessary right, power, and authority to debit and credit my Plata account and any External Account(s) registered and that all information or instructions that I provide to Plata in relation to any ACH transfer is complete and accurate. I agree that ACH transactions I authorize comply with all applicable law.
Should an incorrect amount be withdrawn from or deposited into my External Account(s) or my Plata account(s), I authorize Plata to correct the error by debiting/crediting my External Account(s) or my Plata account(s). Plata is not liable for any losses, delays, or failed transfers resulting from circumstances beyond its control, including but not limited to processing errors, technical malfunctions, systems outages, or limitations imposed by the ACH network.
This authorization is to remain in full force and effect until Plata has received written notification from me of its termination in such time and manner as to afford Plata a reasonable opportunity to act on it. For Preauthorized Transfers, I understand that it is my responsibility to contact Plata to stop or cancel a Preauthorized Transfer at least three (3) business days prior to the following scheduled payment. In either case, I will send my notice to: asistencia@conplata.com
I acknowledge that the origination of ACH transactions must comply with the provisions of applicable law and the rules of the National Automated Clearing House Association (NACHA). I request the financial institution that holds my External Account(s) to honor all transfers initiated in accordance with this authorization form.
I agree to print this ACH Authorization and retain a hard copy or save as an electronic copy.
By providing your electronic signature to this ACH authorization agreement, you agree that your electronic signature is the legal equivalent of your manual signature and that it evidences your intent to be legally bound by the terms and conditions of this agreement. This acknowledgement is made in accordance with the U.S. Electronic Signatures in Global and National Commerce Act (ESIGN), and you consent to the use of electronic records and signatures in place of paper documents and handwritten signatures.
Customer signature collected electronically:
Last Update Date: August 4, 2025