Common use of PAPER CHECKS Clause in Contracts

PAPER CHECKS. If the Payee is to be paid by paper check (as indicated on the Bill Payment list), you understand and agree that paper checks are mailed to the Payee, and the Payee may not receive the payment until seven (7) to ten (10) Business Days after the date the payment is created and your Account will be debited upon presentment of the check. Your Account may also be debited on a date sooner than the date selected as part of the transaction. You understand and agree we are not responsible for the timely delivery of mail or the improper transmission or handling of payments by a third party such as the failure of the bill Payee to properly post a payment to your account with the Payee.

PAPER CHECKS. If the Payee payee is to be paid by paper check (as indicated on the Bill Payment Pay list), you understand and agree that paper checks are mailed to the Payeepayee, and the Payee payee may not receive the payment until seven (7) to ten (10) Business Days after the date the payment is created and your Account will be debited upon presentment of the check. Your Account may also be debited on a date sooner than the date selected as part of the transaction. You understand and agree we are not responsible for the timely delivery of mail or the improper transmission or handling of payments by a third party such as the failure of the bill Payee payee to properly post a payment to your account with the Payeepayee.