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Vergo Logo Black
Terms of Use
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Deposit Account Agreement
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Debit Card Agreement
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ACH Authorization
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Charge Card Terms of Use
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Credit Report Authorization
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Electronic Disclosure
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Rewards Terms
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Privacy Policy
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Updated On | 
October 26, 2022

ACH Authorization

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Payment Account Information:


Depository Institution Name

______________________________


ABA Routing Number

______________________________


Account Number

______________________________


Company (identified below) hereby agrees to make payment of any and all amounts as Company may owe from time to time to Thread Bank and its successors and assigns (“Issuer”) pursuant to the [Vergo Charge Card Program Terms] (collectively, the “Account Agreement”), as amended from time to time, between Company and Issuer, through Automated Clearing House (“ACH”) transfers.  Company hereby authorizes Issuer, Vergo Technology, Inc (“Program Manager), and their designees to initiate debit or credit entries to the Company deposit account identified above (the “Account”) and further authorizes Company’s bank holding the Account (“Depository Bank”) to accept such entries initiated by Issuer or Program Manager and to debit or credit such entries to Company’s Account without responsibility for the correctness of the entries. Issuer and Program Manager may make such debit or credit entries at any time when amounts are due or payable under the Account Agreement.  Without limiting the foregoing, Company authorizes Issuer and Program Manager to resubmit any entries for amounts owed under the Account Agreement that are rejected or returned. Company also authorizes Issuer and Program Manager to issue any credit or debit entries needed to correct any errors in processing a payment or prior ACH entry, to verify all information regarding the Account and Depository Bank, and to correct such information if incorrect.  Company agrees to be bound by the NACHA Operating Rules in effect when any debit or credit entry is submitted. This authorization shall remain in effect until terminated upon ten (10) days’ notice by either Company or Issuer. Notice of termination shall not affect debit or credit entries made prior to actual receipt of notice.  Company shall not place a debit block on the Account or otherwise take any action that would interfere with the ability of Issuer or Program Manager to initiate or receive ACH payments pursuant to this authorization.

Company and any person signing this agreement on behalf of the Company represents and warrants to Issuer and Program Manager that the Account is a commercial purpose account and is not used for any personal, family, or household purpose.

Any person signing this agreement on behalf of the Company hereby acknowledges that said person is duly authorized to do so and to bind the business to this Agreement.

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Company Name:

______________________________

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Authorized Representative:

______________________________

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Title:

______________________________

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Date:

______________________________

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[By clicking “Agree,” you agree to this authorization.]

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Terms & Conditions

Vergo is a financial technology company and is not a bank. Banking services are provided by Blue Ridge Bank, N.A ; Member FDIC. The Vergo Business Visa Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A Inc, and can be used anywhere Visa cards are accepted. Cashback rewards program is subject to additional terms and conditions which can be read here.1% cash back on card spend related to projects. Project spend is based on transactions in relevant merchant category codes (MCC), e.g. furniture stores, hardware stores, lumber yards etc., as determined by us. Cash Back and promotions are only redeemable to businesses with NAIC codes relevant to the home building & renovation industry as determined by us.  Other terms and conditions apply.  Please see our rewards policy for details.