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Good morning all.
Dang lawyers. Well actually it is dang the greedy jerks on the planet that make a simple agreement anything but simple.
I want to set up what I thought was a simple ACH transfer. "Automated Clearing House is a funds transfer system governed by the rules of NACHA, which provide interbank
clearing of entries for participating Financial Institutions." Of course this is in there: NACHA ‐ National Automated Clearing House Association.
I called the bank we use and asked how we can do that. They have a banker from corporate headquarters call me. It took him a full day to work up the agreement, and he emailed it for me to sign. It is 28 pages long! 28 PAGES.
The first 11 pages are just definitions like the one above. 11 pages of definitions! I had to sign in 4 places. Just to be able to make electronic payments. Wow.
__________________
Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
Last edited by GH85Carrera; 12-12-2017 at 06:29 AM..
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