Electronic Funds Transfers
Introduction to Electronic Funds Transfers – CoLabs International Corp processes Electronic Funds Transfers (EFTs) as an efficient method to receive electronic deposits from investors, to purchase and redeem investments and to issue refunds to investors. EFTs are processed through the vehicles described below:
- The Automated Clearing House (ACH)
- The Fedwire
- Credit Card
Electronic Funds Transfers Agreement and Disclosure – This Electronic Funds Transfers Agreement and Disclosure (this Agreement) is the contract which covers you and our rights and responsibilities concerning the EFTs services offered to you by CoLabs International Corp. In this Agreement, the words “you,” “your,” and “yours” mean an individual who signs up on the CoLabs International Corp. Online Platform (Platform) and utilizes the Platform to participate in offerings (and any authorized users). The words “we,” “us,” and “our” mean CoLabs International Corp. EFTs are electronically initiated transfers of money from your bank account or credit card account, which you utilize the Platform to initiate, and which allow you to participate in the CoLabs International Corp offerings. By using any CoLabs International Corp service, you agree to the terms and conditions in this Agreement and any amendments for the EFTs services offered.
In order to use the payment functionality of CoLabs International Corp, you authorize us to share your identity, bank account data and credit card account data with North Capital Private Securities (NCPS), a broker-dealer registered with the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc., and with North Capital Investment Technology (NCIT) for the purpose of processing your EFTs, and you
are responsible for the accuracy and completeness of that data. You understand that you will access and are responsible for managing your bank account data and credit card account data through the Platform. You also authorize us and NCPS and NCIT to process EFTs as you direct through CoLabs International Corp. You acknowledge that none of NCPS, NCIT or we will be liable for any loss, expense or cost arising out of EFT
services provided through your use of CoLabs International Corp, which are based on your instruction; NCPS and NCIT are third party beneficiaries to this Agreement.