Privacy Policy
Akiba Yavneh Academy (AKIBA YAVNEH) has contracted with Bank of America (BANK) identified on this Akiba Yavneh Academy Agreement (Agreement) to process payment for activities and/or fees. As the Responsible Party whose signature appears on this Agreement, you accept and agree to be bound by the Agreement’s terms and conditions until the total amount owed is paid in full. Your authorization will terminate when the total balance due has been paid (including fees, unless waived) and re-enrollment information is not received for the next Institution term.
AUTHORIZATION: You authorize AKIBA YAVNEH to process payments from the account provided or any subsequent account. Your authorization will continue for the next Institution term submitted to AKIBA YAVNEH. .
RETURNED PAYMENT FEE: In the event that your financial institution returns a payment, an AKIBA YAVNEH returned payment fee of $25.00 will be automatically processed from the account along with reposting the initial payment within 10 days. A returned payment fee will be assessed for each payment attempt that is returned. Unpaid fees may affect your ability to participate in payment plans during future academic terms. Fees are subject to change in future academic terms.
PAYMENT DATES: If the payment date falls on a weekend or a banking holiday observed by the Federal Reserve, the payment will be attempted on the next business day. Although AKIBA specifies the date each payment will occur, your financial institution determines the time of day the payment is debited from the account.
CHANGES TO YOUR AGREEMENT: You may revoke your authorization/terminate your Agreement by sending AKIBA YAVNEH a signed, written notification or email. Notification of termination must be received at least four (4) business days in advance of the next scheduled payment date. Please note that terminating your Agreement with AKIBA in no way affects your obligation to pay the balance of your account. AKIBA YAVNEH may demand immediate payment of all outstanding balances. You are strongly encouraged to contact AKIBA before requesting to terminate your Agreement.
DISCOVERY OF SUSPECTED ERRORS: If you discovery what you believe to be an error made to AKIBA YAVNEH, you must report the suspected error immediately. AKIBA YAVNEH must hear from you no later than sixty (60) days after the suspected error occurred. This obligates you to timely review of your bank statements and a timely response to company response to company letter, emails, or phone calls notifications. It is your responsibility to report suspected error as soon as possible.
GOVERNING LAW: You acknowledge that the origination of ACH transactions to your account must comply with the provisions of U.S. law. This Agreement shall be governed by the laws of the State of Texas. This Agreement should in no way be construed to be a lender-borrower agreement between AKIBA YAVNEH and you.
PRIVACY AND SECURITY: Data collected and stored by AKIBA YAVNEH pursuant to this Agreement is governed by AKIBA YAVNEH’s privacy policy. This data will not be used by AKIBA YAVNEH in any manner not approved by AKIBA YAVNEH unless required by law (for example, a court order or subpoena). Access to the data shall be restricted to authorized associates and shall be used only for the purpose of providing service to you or AKIBA YAVNEH. AKIBA YAVNEH maintains physical, procedural, and electronic safeguards to protect data from being accessed by unauthorized third parties. AKIBA YAVNEH privacy policy will govern use of your information only in the event that you request additional services directly from AKIBA YAVNEH.