Bill Pay Authorization Clause Samples

Bill Pay Authorization. By providing us with the names and Account information of the Payees to whom you wish to send payments, you authorize us to follow your payment instructions. Our receipt of your bill payment instructions authorizes us to allow funds to arrive at the designated Payee's locations as near as reasonably possible to the Scheduled Payment Date designated by you. You authorize us to issue a check drawn on your qualified designated checking Account for the requested amount. You also authorize us to credit your Bill Pay Account for payments returned to us by the United States Postal Service or any Payee, or for payments remitted to you on behalf of another Authorized Person. We shall use reasonable efforts to timely and adequately make all of your payments. The Bank is not liable for any service fees or late charges levied against you due to postal delays or processing delays by the Payee. We reserve the right to determine eligibility for certain types of Accounts and change such eligibility from time to time. We also reserve the right to restrict or remove access at any time. If we complete a payment or transfer that you make or authorize and we subsequently learn that you have insufficient funds for the transaction, you agree that we may reverse the transaction or offset the shortage with funds from any other deposit Account(s) you have with us to the extent permissible by the applicable law and the terms of any other relevant agreements. If there are insufficient funds in your Account to make a Transfer or Payment, we may refuse to make the Transfer or Payment, or we may make the Transfer or Payment and overdraw your Account. In either event, you are responsible for any non- sufficient funds ("NSF") charges that may apply. If you do not notify us of any changes, you will be fully responsible for all late fees, finance charges, or other actions the Payee takes. If you schedule a payment and follow all instructions provided, and the Payee does not receive the payment in a timely manner, we will work with the Payee on your behalf to reverse late fees or charges.