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This ACH Authorization and Payment Policy governs the authorization and use of Automated Clearing House (“ACH”) transactions between you (“Account Holder”, “you”, or “your”) and Sidglo LLC (“Sidglo”, “we”, “our”, or “us”).
By providing bank account information and authorizing ACH transactions through the Sidglo platform, you agree that Sidglo may initiate electronic credit and debit entries to the bank account you designate for purposes including, but not limited to, payment disbursements, fee collection, adjustments, corrections, reversals, or other amounts owed under any applicable agreement between you and Sidglo.
This policy outlines the terms under which Sidglo may process ACH transactions, your rights and responsibilities related to such transactions, and the procedures for revocation of authorization.
The Account Holder hereby authorizes Sidglo to initiate and/or transmit ACH credit and debit entries to the deposit account designated by the Account Holder (the “Authorized Account”) for the purposes of disbursing payments and collecting any fees, adjustments, corrections, reversals, or other amounts owed by the Account Holder to Sidglo pursuant to any applicable agreement between the parties.
Sidglo processes all ACH transactions in accordance with the NACHA Operating Rules. Account Holder agrees to comply with these rules and acknowledges that Sidglo is not liable for delays, rejects, or processing errors resulting from inaccurate or incomplete account information provided by the Account Holder.
If an ACH debit initiated by Sidglo is returned due toinsufficient funds (NSF), Account Holder agrees to the following:
• Sidglo may retry the debit up to two (2) additional times.
• A $25.00 NSF fee will apply per failed attempt.
• A 1.5% daily interest charge may be added to overdue balances.
• Sidglo may suspend payouts or services until outstanding amounts are resolved.
Sidglo reserves the right to recover all outstanding balances through legal action or third-party collection, including recovery of attorneys’ fees and related enforcement costs to the extent permitted by law.
This authorization shall remain in effect until revoked by the Account Holder upon at least ten (10) business days’ prior written notice, or until any applicable agreement between the parties is terminated in accordance with its terms. Revocation of this authorization does not relieve the Account Holder of any payment obligations incurred prior to the effective date of revocation.
By selecting “I Agree”, checking the authorization box, or otherwise electronically accepting this authorization within the Sidglo One Sheet or related application process, you confirm that:
• You are the authorized holder or signatory of the designated bank account.
• The bank account information you provided is accurate and complete.
• You authorize Sidglo to initiate ACH credit and debit transactions to and from the Authorized Account in accordance with this policy and any applicable agreement between you and Sidglo.
Your electronic acceptance constitutes your legally binding authorization for Sidglo to process ACH transactions under these terms and shall have the same force and effect as a written signature.
