Common use of Bill Payment Service Clause in Contracts

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 authorized, the Bank, in its sole discretion, may either refuse to pay the item/ACH Debit, or it may allow the debit and thereby overdraw the Primary Account. In either event, you are responsible for any non-sufficient funds ("NSF") or overdraft charges the Bill Processor and Bank may impose, as stated in the Ebanking Fee Schedule and the applicable deposit agreements or disclosures for the account, as amended from time to time. In other words, if the ACH is refused due to non-sufficient funds, you will be responsible for the NSF fee imposed by the Bill Payment processor and the Bank's normal NSF fee for your deposit account. If the Bank allows the account to be overdrawn by allowing the debit, you are responsible for the Bank's normal overdraft fee. The amount of any overdraft and any fees assessed are immediately due and payable. The Bank and the Bill Payment processor reserve the right to refuse to honor payment requests that reasonably appear to the Bank or Bill Payment processor to be fraudulent, incomplete, erroneous, or if you do not follow the instructions for Bill Payment. In addition, the Bank/Bill Payment processor will not be able to execute any Bill Payment if the payee cannot or will not accept such payment. If the debit to your Primary Account causes an advance from an overdraft protection line of credit linked to the Primary Account, the advance is treated as a cash advance from that line of credit and is subject to the terms of the promissory note, or other applicable agreement for the overdraft protection line of credit. Once a recurring payment is established, the payment will be automatically executed according to your instructions until you have properly notified the Bill Payment processor in accordance with the procedures in effect at that time, of any cancellation of or change to your instructions. We reserve the right to terminate your access to Bill Payment at anytime and for any reason, including insufficient funds or -, overdrafts.

Bill Payment Service. Ebanking Internet Banking 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 authorized, the Bank, in its sole discretion, may either refuse to pay the item/ACH Debit, or it may allow the debit and thereby overdraw the Primary Account. In either event, you are responsible for any non-sufficient funds ("NSF") or overdraft charges the Bill Processor and Bank may impose, as stated in the Ebanking Internet Banking Fee Schedule and the applicable deposit agreements or disclosures for the account, as amended from time to time. In other words, if the ACH is refused due to non-sufficient funds, you will be responsible for the NSF fee imposed by the Bill Payment processor and the Bank's normal NSF fee for your deposit account. If the Bank allows the account to be overdrawn by allowing the debit, you are responsible for the Bank's normal overdraft fee. The amount of any overdraft and any fees assessed are immediately due and payable. The Bank and the Bill Payment processor reserve the right to refuse to honor payment requests that reasonably appear to the Bank or Bill Payment processor to be fraudulent, incomplete, erroneous, or if you do not follow the instructions for Bill Payment. In addition, the Bank/Bill Payment processor will not be able to execute any Bill Payment if the payee cannot or will not accept such payment. If the debit to your Primary Account causes an advance from an overdraft protection line of credit linked to the Primary Account, the advance is treated as a cash advance from that line of credit and is subject to the terms of the promissory note, or other applicable agreement for the overdraft protection line of credit. Once a recurring payment is established, the payment will be automatically executed according to your instructions until you have properly notified the Bill Payment processor in accordance with the procedures in effect at that time, of any cancellation of or change to your instructions. We reserve the right to terminate your access to Bill Payment at anytime and for any reason, including insufficient funds or -, overdrafts.