Authorization for Automatic Payments
Last updated June 11, 2026
Please read this Authorization carefully and print or save a copy for future reference.
In this Authorization for Automatic Payments ("Authorization"), the words "you" and "your" mean any person authorizing us to initiate a series of transactions to such person's deposit account through an electronic funds transfer system. The words "we," "us," and "our" mean Happen Bank, National Association ("Happen Bank"), and its affiliates, successors and assigns, and designated third-party service providers acting on its behalf.
This Authorization is effective only (1) if you obtain or have obtained an extension of credit from Happen Bank, or a loan made by WebBank and serviced by Happen, Inc. or any affiliate thereof, and (2) with respect to the specific credit product in relation to which you are providing your authorization herein (the "Credit Product").
Terms Applicable to Credit Products Other than CleanSweep™ Line of Credit.
If you are accessing this Authorization in connection with your application for a loan, and your loan proceeds have not yet been disbursed, you hereby authorize us to initiate a series of recurring debits from the deposit account you have designated in the online credit application portal, every month beginning one month after your loan proceeds are disbursed, in the amounts and on the dates disclosed in the final Truth in Lending disclosure and promissory note(s) corresponding to the loan, and continuing until the earlier of the date the loan is paid in full or the recurring ACH debits are cancelled by you, by your depository institution, or by us.
If you are accessing this Authorization after your Loan proceeds have been disbursed, either from within the online account that you have established with us ("Online Account") or by using another electronic method (including but not limited to electronic mail, SMS text, or web chat), you hereby authorize us to initiate a series of recurring debits every month to the deposit account that you designated through your Online Account or otherwise, in the amounts and on the dates displayed or otherwise communicated to you in relation to this Authorization, and continuing until the earlier of the date the Loan is paid in full or the recurring ACH debits are cancelled by you, by your depository institution, or by us.
You understand and agree that these debits may be made to your deposit account on the next business day after any ACH payment date that falls on a weekend, holiday, or other day when we or other depository institutions are not open for business. You also understand and agree that recurring debits may vary in amount, and may include principal, interest, and any fees incurred. We will provide electronic notice for all recurring debits that will vary in amount from one month to the next, at least ten (10) calendar days in advance of each debit. If your ACH payment is returned, dishonored, or fails for any reason, you authorize us, in our sole discretion, to resubmit the payment by initiating subsequent electronic funds transfers from your deposit account within thirty (30) calendar days.
Terms Applicable to CleanSweep™ Line of Credit.
You hereby authorize us to initiate a series of recurring debits from the designated deposit account that you identified through the online credit application portal, or the online account that you have established with us, or by using another electronic method (including but not limited to electronic mail, SMS text, or web chat), every month in the amounts and on the dates disclosed in the billing statements that we provide to you each statement period, and continuing until the earlier of the date the Credit Product is terminated and all amounts owed to us are paid in full, or the recurring ACH debits are cancelled by you, by your depository institution, or by us.
You understand and agree that these debits may be made to your deposit account on the next business day after any ACH payment date that falls on a weekend, holiday, or other day when we or other depository institutions are not open for business. You also understand and agree that recurring debits may vary in amount, and may include principal, interest, and any past due amounts incurred. We will provide electronic notice for all recurring debits that will vary in amount from one month to the next, at least ten (10) calendar days in advance of each debit. If your ACH payment is returned, dishonored, or fails for any reason, you authorize us, in our sole discretion, to resubmit the payment by initiating subsequent electronic funds transfers from your deposit account within thirty (30) calendar days.
Terms Applicable to All Credit Products.
You authorize us to (1) apply the funds we receive in payment of your Credit Product, (2) provide a copy of this Authorization to your depository institution upon its request, (3) initiate electronic credit entries at any time to pay any amounts we may owe you, and (4) verify and correct information about your deposit account with your depository institution if any information is missing or incorrect. You agree to help us verify your deposit account information upon request, by providing a voided check, deposit slip, and other assistance and information.
We reserve the right to cancel these debits to your deposit account at any time, without giving you advance notice. Even if this happens, you must still make your Credit Product payments on or before the due dates communicated to you and/or disclosed in the promissory note(s) and other documents corresponding to your Credit Product. You understand and agree that you are solely responsible for completing timely payments of your Credit Product, regardless of your method of payment. You may cancel our authorization to make debits to your deposit account at any time by notifying us or by notifying your depository institution.
The party you notify must be allowed a reasonable period of time, up to three (3) business days, to process your cancellation request. Contact your depository institution directly to learn how to cancel these debits through the depository institution. You may notify us of any cancellation request or any debit you believe was made in error by writing to Happen Bank, N.A., 88 Kearny Street, Suite 600, San Francisco, California 94108, or by calling us at 888-596-3157 (credit products other than CleanSweep™ Line of Credit) or 833-571-3478 (CleanSweep™ Line of Credit), or by changing your payment settings in your Online Account, if applicable. If any recurring debit is rejected by your depository institution for any reason, you authorize us to reattempt to process the debit, and to increase any subsequent recurring debit by any amount up to the amount of such rejected debit. If you incur any fees that are owed to us in connection with your Credit Product, you authorize us to initiate a debit in the amount of such fees, or to increase any subsequent recurring debit by any amount up to the amount of such fees.
You certify that the information you provide is correct and complete to the best of your knowledge and that you are individually authorized to have funds deducted from your designated deposit account in order to make your Credit Product payments and to pay any other amounts under the terms of this Authorization, and you agree that we are not responsible for any charges or fees imposed by your depository institution in connection with insufficient funds in your deposit account. You agree that we did not require you to agree to this Authorization and that you voluntarily elected to do so for your convenience, in order to make your Credit Product payments and to pay any other amounts under the terms of this Authorization. You agree to keep sufficient funds in your deposit account to pay the full amount of these payments on the dates scheduled. You agree that the transactions you authorize comply with all applicable laws (including but not limited to laws administered by the U.S. Office of Foreign Assets Control) and with any applicable Automated Clearing House network rules.
Consent.
By clicking the button, or selecting the checkbox, displayed in connection with acknowledging and/or agreeing to this Authorization (or by otherwise taking an affirmative action indicating your agreement to this Authorization, including but not limited to providing an affirmative response to an electronic communication), you agree that:
You have received, read, and agree to all of the terms of this Authorization; and
You authorize us to initiate a series of transactions to your deposit account in accordance with the terms of this Authorization.
