Processing Xxxx Xxxxx Transactions Sample Clauses

Processing Xxxx Xxxxx Transactions. The amount of your requested bill payment will be deducted from your account on the Scheduled Payment Date. A maximum dollar limit of $ 10,000 per transaction applies. You must have sufficient funds available to cover your payment on the Scheduled Payment Date. It is your responsibility to schedule your Xxxx Xxxxx transactions in such a manner that your obligations will be paid on time. You should enter and submit your Xxxx Xxxxx transactions at least ten (10) business days prior to the payment due date. If you do not allow sufficient time, you assume full responsibility for any late payments and/or finance charges that may be imposed as a result of your failure to submit a timely Xxxx Xxxxx transaction. You will be notified if a payment fails, and the bill payment service will automatically attempt to retry the payment on the next business day. If the payment is successful on the next day, you will not be notified again. If the payment fails on the retry, you will be notified a second time. The Credit Union will not process any Xxxx Xxxxx transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for providing or entering. If there are insufficient funds in your account to make the Xxxx Xxxxx request the payment will not be processed. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears to the Credit Union to be fraudulent or erroneous.