Bill Payment Service. This service is available for all accounts except time deposit accounts. The Client may request this service by checking the appropriate box in the Account Application at the time an account is established or by making a specific written request at any time thereafter. The Bank then will pay, from time to time, bills that you specify to us in an acceptable written form and will debit your account for the amount of each such bill that the Bank pays on your behalf. The Bank will also debit your account for the applicable service charge which is then in effect, and which the Bank may change from time to time. You understand that in performing this service the Bank may make the bill payments by check or funds transfer (which may be through an automated clearing house), that the Bank will be acting as your agent in making such payments on your behalf, and that all such payments will be subject to applicable Florida and federal law and to all applicable rules and operating procedures. You agree that the Bank shall have no obligation to review invoices, make inquiries, or take any other action for the purpose of determining independently the amount of a required payment, the name or address of a payee, or any other information relating to a requested bill payment. Without limiting the generality of the foregoing, in the event you wish us to make future payments in amounts that are not now known (e.g., you wish us to pay a property tax bill each year), a written request must be made at the time the amount required to be paid (and all other relevant information) is known. You also agree that the Bank is under no obligation to comply with your bill payment instructions if the designated account does not have sufficient funds available at the time of requested payment. If there are insufficient funds available in your designated account on the date a payment is requested, we will be under no obligation to attempt to complete the payment on subsequent business days. Generally, payments will be processed on the date specified in your bill payment instructions. If, however, you specify a date which falls on a Saturday, Sunday, or holiday, the payment will not be processed until the next business day. You must allow sufficient time for your payment to reach its destination. The Bank will not be liable for any errors or delays in processing or making any such payment (including postal delays and processing delays by the payee), except errors or delays caused by the Bank’s...
Bill Payment Service. You can arrange, at your option, for the payment of your current, future and recurring bills from your designated Bill Pay Account. For Bill Payment Service, your Payee list may include utility companies, merchants, financial institutions, insurance companies, individuals, etc. within the United States whom you wish to pay through Bill Payment Service. Please include the full name of the Payee and a complete mailing address and telephone number for each Payee, along with your account number with the Payee, the amount of the Payment, and whether the Payment is recurring. The Bank reserves the right to decline to make Payments to certain persons and entities. You agree that any Payment for taxes, Payments that are court-ordered, government payments and Payments outside of the United States are prohibited and you agree that you will not attempt to use any Service to make these types of Payments. On recurring Payments, it is the responsibility of the account owner or designated authorized users to update Payee account information such as address changes, account numbers, etc. Payments are posted against your ledger balance, plus the available credit on your overdraft protection, if any, or other line of credit. You may schedule Payments to be initiated on the current Business Day, on a future date, or on the same date of each month. If you are scheduling a Payment for the current day it must be initiated prior to 3:00 p.m. C.S.T. Changes to previously scheduled Payments must be made before midnight C. S. T. the Business Day before the day it is to be initiated. Bank may, in its sole discretion, accelerate the effective time of any scheduled Payments or change requests. If the transaction is no longer showing a "Scheduled Payments" status, then the Payment cannot be modified or deleted. Although you can enter Payment information through the Service twenty-four (24) hours a day, seven (7) days a week, the Bank only initiates on Business Days. Funds must be available in your Account on the scheduled payment date. After funds are withdrawn from your Account to make a Payment, we may make the Payment either by transferring funds electronically to the Payee or by mailing the Payee a check. Funds will be deducted from your account (whether we make these Payments electronically or by Check) on: (a) the Business Day we process the Bill Pay request, if you schedule a Payment for processing the same Business Day as the day of receipt by us of that request; and (b) the Bu...
Bill Payment Service. You may use the financial institution’s bill payment service, to direct the financial institution and/or service provider to make payments from your funding account to the payees you choose in accordance with this agreement. The terms and conditions of this agreement are in addition to the account agreements, disclosures and other documents in effect from time to time governing your funding account. Service Guarantee The service provider will bear responsibility for any late payment related charges up to fifty dollars ($50.00) should a payment post after the scheduled deliver by date, provided that the payment was scheduled and the payee information was maintained in accordance with the guidelines described within this agreement. Notwithstanding the foregoing, the service provider shall not be responsible for any such charges if the service provider does not have responsibility or liability for a payment transaction, late payments or late payment related charges under the other provisions of this agreement, including, without limitation, those payments described under the exception payments section below.
Bill Payment Service. By furnishing us with the names of your Merchants and their addresses, you give us authorization to follow the Payment instructions that you provide to us. When we receive a Payment instruction for the current date or a future date, we will remit the funds to the Merchant on your behalf from the funds in your designated Account. Funds for a Payment will be withdrawn from your Account the Business Day it is scheduled by you to be sent to the merchant.
Bill Payment Service. We will process bill payment transfer re- quests only to those creditors the Credit Union has designated in the User Instructions and such creditors as you authorize and for whom the Credit Union has the proper vendor code number. We will not process any bill payment transfer if the required transaction information is incom- plete. We will withdraw the designated funds from your share draft account for bill payment transfer by the designated cutoff time on the date you schedule for payment. We will process your bill payment transfer within a designated number of days before the date you schedule for payment. You must allow sufficient time for vendors to process your payment after they receive a transfer from us. Please leave as much time as though you were sending your payment by mail. We cannot guarantee the time that any payment will be credited to your account by the vendor. The following limitations on Bill Payment Service transactions may apply: - There is no limit on the number of bill payments per day.
Bill Payment Service. The bill payment service may be used to schedule the payment of funds from Customer’s checking and money market Accounts to Payees that have been selected to receive payment using the service. The service allows bill payments in several ways: • An immediate payment is a single transfer of funds to a Payee to be initiated as soon as possible after the transfer request is submitted. • A recurring payment is one of a series of transfers of a fixed amount of funds to a Payee on a regular, periodic basis. • A future-dated payment is a single transfer of funds to a Payee to be made on a date Customer specifies up to 364 days in advance. • A payment that is made following the receipt of an electronic bill (“e-bill”). Bill payments made through the System require sufficient time for the Payee to credit Customer’s account properly. To avoid the assessment of late charges by the Payee, Customer should make the payment at least five (5) Business Days before the due date of the payment. Payment requests submitted on a Business Day before 7:30 p.m. (Eastern Time) Monday through Thursday and 10:30 p.m. (Eastern Time) on Friday are initiated on that Business Day, provided a sufficient Available Balance. Transactions conducted after those times on a Business Day or at any time on a non-Business Day are initiated on the next Business Day, subject to a sufficient Available Balance in the Account from which the payment is being made. Bank cannot guarantee prompt receipt and processing of payments by Xxxxxx and will not be responsible for any charges imposed or other action taken by a Payee because of a late payment, including but not limited to finance charges and late fees. BANK MAY TERMINATE ACCESS TO THE BILL PAY SERVICE AFTER SIX (6) CONSECUTIVE MONTHS OF INACTIVITY.
Bill Payment Service. Bill Payment Account Designation; Payment Details. When using the Bill Payment Service, Client must designate the Account (“Bill Payment Account”) from which the bill payments (“Bill Payments”) are to be made. For each Bill Payment, Client will also be required to provide the complete name of the payee, the account number and the payee’s remittance address (as exactly as shown on the billing statement or invoice), the amount of the payment and the date Client wants the payment to be processed by Bank (“Pay Date”). If the Pay Date is not a business day, then the Bill Payment will be processed by Bank the next business day. To have a Pay Date that is the same date Client accesses the System and initiates the Bill Payment instruction, the Bill Payment instruction must be received by Bank on a business day, prior to the Bill Payment Service cutoff hour. The availability of this option may vary based on the payee. Setting-Up Payees. When Client signs onto the Bill Payment Service, Client must establish Client’s list of payees. A payee is anyone, including Bank, that Client designates to receive a Bill Payment; provided that Bank accepts the payee for the Bill Payment Service. Bank reserves the right to reject any payee at any time, at its discretion. Bank is not responsible if a Bill Payment is not made to a payee because Client provided Bank with incomplete, incorrect or outdated information regarding the payee or Client attempted to make a payment to a payee that is not on Client’s authorized list of payees. Payments to payees outside of the United States or its territories are prohibited through the Bill Payment Service.
Bill Payment Service. Ebanking Bill Payment service ("Bill Payment") is an electronic payment system that permits you to initiate and authorize payments from your account to payees that you have selected in advance to receive payments by means of this service. (A "payee" is a person or business you are paying.) You have the option of setting up a payee as one of two bill payment types: (1) recurring payments, which are payments of a fixed amount that are paid at a regular time interval, such as monthly (e.g., rent, mortgage, etc.); and (2) single payments, which are payments that vary in amount and/or date (e.g., utility, credit card, etc.). We use a third party processor, iPay Technologies LLC ("Bill Payment processor"), for Bill Payment. The Bill Payment processor provides customer support for questions and issues regarding Bill Payment processing such as researching payments, payment posting, adding payees, etc. To subscribe to Bill Payment, you must have a checking account with the Bank and complete the appropriate application form. Your access to Bill Payment is subject to our approval. We reserve the right to deny access to Bill Payment based upon our policies in effect, your account history, or your credit history. If you are approved, you may use Bill Payment to make payments from one checking account designated by you as your account to debit for Bill Payment ("Primary Account"). An account that requires two or more signatures to make withdrawals may not be designated as a Primary Account. The Bill Payment processor has provided "HELP" screens and other information online explaining the use and features of Bill Payment. These are found in the Bill Payment module. The information, terms, and conditions contained in these "HELP" screens from the Bill Payment processor, as amended from time to time, are incorporated herein and are made a part of this Agreement. You agree to the information, terms, and conditions contained in these "HELP" screens, and any changes and amendments thereto. The Bill Payment processor has provided a “Live Chat” feature along with a messaging center and a toll-free number for your use in Bill Payment support. You hereby authorize debits, by ACH or otherwise, against your Primary Account to facilitate payment by the Bill Payment processor to payees you have selected in Bill Payment. You must have sufficient funds available in your Primary Account to pay your payees. If there are insufficient funds in the Primary Account to make payments you have ...
Bill Payment Service. 4.7.1. You can arrange, at your option, for the Payment of your current, future and recurring bills from your designated Bill Payment Account. For Bill Payment Service, your Payee list may include utility companies, merchants, financial institutions, individuals, etc. within the United States whom you wish to pay through Bill Payment Service. Please include the full name of the Payee and a complete mailing address and telephone number for each Payee, along with your account number with the Payee, the amount of the Payment, and whether the Payment is recurring. Bank reserves the right to decline to make Payments to certain persons and entities. You agree that any Payment for insurance, taxes, Payments that are court-ordered, government Payments and Payments outside of the United States are prohibited and you agree that you will not attempt to use the Service to make these types of Payments. On recurring Payments, it is your responsibility to update Payee account information such as address changes, account numbers, etc. Payments are posted against your Available Balance, as defined in the Deposit Account Agreement, plus the available funds from any Overdraft Service(s), as defined in the Deposit Account Agreement, in which you are enrolled.
Bill Payment Service. This Service allows Customer to obtain information about its accounts and transactions, communicate with the Bank electronically, and make payments to others. In order to do so, Customer must accept the Bill Payment Agreement when Customer first logs in to Bill Payment after registration. All rules and warranties governing these types of transactions contained in the Bill Payment Agreement will apply and form part of this Agreement.
