United States (US_FEDWIRE_DEBIT)

The title should clearly inform your connected account customers that they are linking an external bank account to set up direct debit.

You must ask the external bank account owner (or display their previously entered):

• Bank account name
• Bank account number
• Fedwire routing number (only required if MICRO_DEPOSIT is set as the preferred_verification_type)
• Bank account owner's email address

The connected account customers must be given a prompt to confirm that their bank account details are correct before submitting the linked bank account.

The following text must be displayed on the same confirmation screen:

You authorize Airwallex US, LLC ("Airwallex"), on behalf of AIRWALLEX PLATFORM CUSTOMER, and, if applicable, AIRWALLEX PLATFORM CUSTOMER’s affiliated entities ("Merchant"), to debit the bank account specified above for any amount owed for charges arising from your use of Merchant’s services and/or purchase of products from Merchant, pursuant to Merchant’s terms, and, if necessary, to electronically credit your bank account to correct erroneous debits, until this authorization is revoked. If you use Merchant’s services or purchase additional products periodically, pursuant to Merchant’s terms, you authorize Airwallex to debit your bank account periodically. Payments that fall outside of any regular debits authorized above will only be debited after your authorization is obtained.

If you use Merchant’s services or purchase additional products periodically, pursuant to Merchant’s terms, you authorize Airwallex to debit your bank account periodically. Payments that fall outside of any regular debits authorized above will only be debited after your authorization is obtained.

You may amend or cancel this authorization at any time by providing 30 (thirty) days' notice to Airwallex prior to the scheduled debit. You may provide such notice to Airwallex by contacting [email protected].

You must also instruct the external bank account owner to create a wire drawdown authorization with their bank using Airwallex’s debit originating bank account information, thereby allowing Fedwire debits to be accepted.

If the linked account was created using PLAID as the preferred_verification_type, you must provide a confirmation page to your connected account customers at the end of the process to inform them that direct debit has been successfully set up for the linked bank account.