Recurring Payment Authorization

You authorize Align Balance, on {{authorization_date}} to initiate {{ number_of_payments }} electronic fund transfers (“EFTs”) up to {{ first_payment_amount }} each from your {{ payment_method }} ending in {{ payment_method_last_4 }}, to begin on the {{ first_payment_date }} and thereafter on a {{ frequency }} basis until {{ last_payment_date }}. You additionally authorize us to debit a final payment from the {{ payment_method }} noted above up to {{ last_payment_amount }} on {{ last_payment_date }}. The total amount to be paid for your payment plan is {{payment_plan_total_amount }}.

You may revoke this payment authorization by contacting Align Balance At (888) 429-4518 Monday - Friday 9am - 5pm CST, by email at customeroutreach@alignbalance.com, or by mail at: Align Balance, LLC, 175 West Jackson Boulevard, Suite 600, Chicago, IL 60604. We must receive your instruction to revoke this authorization at least two business days before the next scheduled payment. If you do not notify us at least two business days in advance of your next scheduled payment, the revocation of your payment authorization will be effective for your subsequent scheduled payments.

Note that early or additional payments received before your due date will generally not reduce the amounts to be debited above, but may reduce the amount to be debited for your last payment. If any scheduled payment fails, you will still be responsible for repaying the amount due. You agree that we may resubmit any returned payment as permitted by applicable law and network rules. You may be assessed fees from your bank for returned payments.

We may elect not to initiate EFTs for future payments if multiple payments have returned as unpaid. We will email you to inform you if we revoke your payment plan as a result. If your payment plan is revoked and you wish to enroll in a new payment plan, you must provide a new payment authorization.

This payment authorization will remain in full force and effect until it is revoked and survives termination of your payment plan in order to correct any errors.

Additional Disclosures for ACH Payments ONLY: 

Please be aware that ACH (Automated Clearing House) transactions are typically processed during regular business hours, Monday through Friday. Transactions scheduled on weekends or during holidays may not be processed until the next business day.

Optional Nature of Authorization

You are not required to authorize us to initiate EFTs for the payments noted above. You have the option of arranging to make your payments by a method that does not involve EFTs. You agree that making your payments by EFT is for your convenience. You acknowledge that you are voluntarily choosing to make the payments above by EFT. 

Your Bank Account Information

You confirm that you own the Bank Account, that your Bank Account is an open and active consumer deposit account held at a U.S. financial institution, and that your Bank Account is in good standing. If there is any missing or erroneous information concerning your Bank Account or the financial institution that holds it, then you authorize us to verify and correct such information. You have given us certain information about your Bank Account so that, among other things, we can verify the account number and routing number. You are responsible for updating us if there are any changes to your Bank Account or information relating to your Bank Account that may affect your Loan.

Fees Your Financial Institution May Charge You for Rejected Payments

You understand that the financial institution holding your Bank Account may impose additional fees in connection with returned or rejected EFTs, including when you have insufficient funds to cover a payment, and you agree that we do not have any liability regarding any such fees. IN THE EVENT THAT YOU DO NOT HAVE SUFFICIENT FUNDS IN YOUR BANK ACCOUNT TO COVER THE AMOUNT OF ANY EFT AUTHORIZED HERE, YOU SHOULD CONTACT US AT LEAST TWO (2) BUSINESS DAYS IN ADVANCE OF YOUR NEXT SCHEDULED DUE DATE SO THAT WE CAN STOP THE EFT AND ARRANGE FOR AN ALTERNATIVE METHOD OF REPAYMENT.