Common use of Offered Services Clause in Contracts

Offered Services. This Agreement describes the basic electronic banking services provided under the Service. The Bank can also include additional electronic banking services in the future. All present and future electronic banking services will be governed by the terms and conditions of this Agreement and the Designated Account Agreement. A. Payments made to your Designated Accounts through the Service When you give the Bank instructions to make payments to your Designated Accounts, the Bank can debit the Checking and/or Savings account that you selected from your registered payment accounts (Designated Payment Account) and credit your Designated Account. B. Payment types that can be made through the Service 1. Recurring Payments – These payments allow you to preauthorize the Bank to make periodic payments without having to give additional instructions each time you want the Bank to make a payment. Recurring payments require that you set the day of the month on which you want the Bank to debit the Designated Payment Account. These payments will continue indefinitely until the account balance owed has been paid off, or you can select the month and year when the Recurring Payments will stop. You can also stop the Recurring payments at any time by following these instructions: i. Log in to ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇; ii. Click on the Payments tab on the left menu; iii. Click on the Recurring Payments button on the top right section of the screen; iv. Click on the Stop Payment Plan link on the bottom of the screen; and v. Confirm by marking the check box that reads I understand that I am responsible for making any necessary payments to keep my account in good standing, and click the Confirm button. Recurring Payment Amount can be:

Appears in 2 contracts

Sources: Electronic Banking Services Agreement, Electronic Banking Services Agreement