Common use of Bill Pay Service Clause in Contracts

Bill Pay Service. If we approve the Bill Pay Service for your accounts, you may use the Bill Pay Service to make payments from your designated Checking account to the Payees you choose. You agree to have available and collected funds on deposit in the Credit Union Checking account you designate in amounts sufficient to pay for all bill payments requested, as well as any other payment obligations you have to the Credit Union. The Credit Union reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the sufficient funds requirement, or any other terms or conditions of the Bill Pay Service, this disclosure or the Bill Pay Service User Agreement. The Credit Union also reserves the right to charge any fees associated with any such rejection or reversal. If you do not have sufficient funds in the account and the Credit Union has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations in full and on demand. Furthermore, you agree that the Credit Union, at its option, may withdraw funds from any of your Credit Union accounts to cover such payment obligations.

Bill Pay Service. If we approve the Bill Pay Service for your accounts, you may use the Bill Pay Service to make payments from your designated Checking checking account to the Payees you choose. You agree to have available and collected funds on deposit in the Credit Union Checking checking account you designate in amounts sufficient to pay for all bill payments requested, as well as any other payment obligations you have to the Credit Union. The Credit Union reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the sufficient funds requirement, or any other terms or conditions of the Bill Pay Service, this disclosure or the Bill Pay Service User Agreement. The Credit Union also reserves the right to charge any fees associated with any such rejection or reversal. If you do not have sufficient funds in the account and the Credit Union has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations in full and on demand. Furthermore, you agree that the Credit Union, at its option, may withdraw funds from any of your Credit Union accounts to cover such payment obligations.