Common use of Payment Liability Clause in Contracts

Payment Liability. We shall not be responsible for any charges imposed or any other action taken by a payee who refuses the payment for any reason or resulting from a payment not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through who any bill payment is made fails to properly transmit the payment to the intended payee. We will not be liable if there are insufficient funds or credit availability in your designated payment account and/or overdraft line of credit. We will not be liable if you provide incomplete or incorrect payee information, changes of merchant address or account numbers, the failure of any merchant to account correctly for the payment in the timely manner, if a legal order directs us to prohibit withdrawals from the payment account, if the payment account is closed or frozen, or if any part of the electronic fund transfer system is not working properly, or for any other circumstance beyond the control of the Bank. We will not be liable for indirect, special, or consequential damages arising out of the use of Bill Pay service.