ACH Form
Generate and attach a secure ACH authorization PDF.
ACH Authorization Terms and Conditions
This ACH Authorization Form authorizes Logitrac, Inc. ("Logitrac") to initiate automated ACH deposits and withdrawals to the Dealer's designated account at the beginning of each month for any funds recovered by the dealership through the Logitrac platform. The funds may include amounts related to fuel, tolls, damages, and other expenses incurred by the dealership via the platform.
Authorization Agreement
ACH Deposits for Recovered Funds
Logitrac is authorized to initiate ACH transfers to the Dealer's designated bank account at the beginning of each month for the total funds recovered by the dealership. These funds will be detailed in the monthly "Batch Report," which can be accessed directly from the Logitrac platform by the Dealer.
Chargebacks and Disputes
In the event of a chargeback on any funds processed through the Logitrac platform, Logitrac will represent the Dealer in disputes and work to resolve the chargeback on behalf of the Dealer. The dealer's account will be invoiced for the lost chargeback amount in full, along with any applicable bank administration fees incurred by Logitrac. The chargeback fee is $15.
Reporting and Documentation
Logitrac will provide a detailed "Batch Report" outlining all funds recovered and processed through the Logitrac platform. The Dealer has access to this report at any time via the Logitrac platform.
Connected Services Fee
A Connected Services Fee will be included in the invoice, equal to 3.95% of the total invoice amount. This fee supports the technology, connectivity, data transmission, system infrastructure, and ongoing operational services necessary to maintain the loaner service. This fee applies uniformly to all invoices, regardless of payment method. It is an operational services fee.
The dealership may pass this fee to the customer if they wish to do so.
Authorization of ACH Deposit
By submitting this form, the Dealer authorizes Logitrac to initiate ACH deposits to the Dealer's bank account for the recovered funds. This authorization also applies to any future ACH deposits related to transactions on the Logitrac platform and will remain in effect until revoked by the Dealer in writing.
Please complete this form and return it to Logitrac along with any required documentation, such as a voided check or letter from the bank. This form will be kept on file and used for ACH deposits on a monthly basis. For inquiries or requests for additional reports, please contact Logitrac's customer support team.