NinjaTrader Clearing will initiate an ACH debit at your request to debit funds from an account that you own at another financial institution (“External Account”) for deposit into your Futures Account.
You understand that in order for NinjaTrader Clearing to initiate an ACH debit, the financial institution holding your External Account must participate in the ACH system. You understand that for the ACH transfers to be established, at least one common name must match exactly between your Futures Account and your External Account.
You authorize NinjaTrader Clearing to take such steps as it deems appropriate to verify your ownership of External Account, including communicating to the bank at which the External Account is held that you have authorized and consented to such bank disclosing to NinjaTrader Clearing any information that may be requested regarding you or your External Account.
You also agree to cooperate with NinjaTrader Clearing’s verification of your ownership of the External Account by promptly providing any identification or other documentation that NinjaTrader Clearing may request regarding such External Account. You represent and warrant that there are sufficient funds in your External Account to cover the amount of the deposit to your Futures Account.
NinjaTrader Clearing will initiate the ACH debit to your External Account on the Business Day or next Business Day after you request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by NinjaTrader Clearing by 11:00 A.M. Eastern on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day. “Business Days” are Monday through Friday, excluding U.S. federal holidays.
Within 60 days of the date of your ACH deposit, your funds may only be withdrawn to the External Account from which such funds were debited. You understand that an ACH debit transfer may be reversed or rejected if: (A) there are insufficient funds in your External Account; (B) there is a duplicate transaction; (C) the transaction is denied by the bank holding your External Account; or (D) your External Account does not support ACH transfers.
You acknowledge that in the event of an ACH reversal, you will incur a fee. Before initiating an ACH debit transfer, you agree to acknowledgement of the posted NinjaTrader Clearing fees schedule. You agree that you are solely liable and responsible for any ACH reversal fees that you incur.
NinjaTrader Clearing will initiate an ACH credit at your request to transfer funds from your Futures Account to a recipient that you designate. You agree that you will have sufficient Available Funds in your Futures Account to cover the amount of any ACH credit that you ask NinjaTrader Clearing to initiate.
NinjaTrader Clearing will debit the amount of such request from your Futures Account on the Business Day or next Business Day after you request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by NinjaTrader Clearing prior to 11:00 A.M. Eastern on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day.
You agree that NinjaTrader Clearing may use any means which NinjaTrader Clearing, in its sole discretion, considers suitable to execute your ACH credit transfers.