Prior to processing an electronic check payment, altafiber asks that you read and agree to both an NSF fee statement and an Electronic Signature Authorization statement. The NSF fee statement outlines the fees that will be charged to your account should any electronic check payment be returned because of insufficient funds in your checking account. This fee will be added to your monthly account balance, and is in addition to any fees that may be charged to your account by your member bank or credit union.
The Electronic Signature Authorization statement permits altafiber to accept payment on your behalf via an electronic check, per your authorization to proceed without a paper signature.
altafiber's NSF Statement is as follows:
I hereby acknowledge that my altafiber Account will be assessed a $ 25.00 administrative fee by altafiber for any electronic check payments made for which funds are not available. I recognize that this fee will be separate and distinct from any fees charged by my member bank or credit union for said overdrafts.
altafiber's Electronic Signature Authorization is as follows:
I hereby authorize altafiber to process an electronic check payment on my behalf from the checking account identified in this transaction for the purpose of bill payment. I understand that the payment amount will be deducted from my checking account.