Scheduling And Payment Processing Sample Clauses

Scheduling And Payment Processing. ‌ When we receive a payment instruction (for the current or a future date), we will transfer funds to the payee on your behalf from the funds in your ▇▇▇▇ Pay Account on the Send On Date. We will not be obligated to make a payment unless your ▇▇▇▇ Pay Account and/or linked overdraft protection plan has sufficient funds or credit availability to pay the ▇▇▇▇ on the Send On Date. If your ▇▇▇▇ Pay Account closes, all pending payments associated with that account will be canceled. Although you can enter payment instructions through Online Financial Services 7 days a week, 24 hours a day, excluding maintenance and other availability windows, payments will be processed only on Business Days. We may remit your payments by mailing your payee a check drawn on the selected checking account, by an electronic payment method, or by other means. In order to provide sufficient time for payments to be received by your payees, the date on which the payment should be delivered (the "Deliver By Date") must be at least one (1) Business Day prior to the date your payment is due, including any applicable grace periods for first mortgage payments (the “Due Date”). If we pay the payee by issuing a check drawn on the selected checking account that account will be charged when the check is presented to us for payment in the same manner as a check you have written on that account. If we pay the payee by an electronic method, the selected checking account will generally be charged on the Send On Date. Any standard account fees applicable to checks and electronic payments, including non-sufficient funds (NSF) and overdraft (OD) fees, apply to these payments. Since there is a possibility that your payment will be received by the payee before the Deliver By Date, you should make sure there are sufficient available funds in the selected ▇▇▇▇ Pay Account on the Send On Date for each payment. Payments must be scheduled before 3:00 p.m. (Central Time) to be effective the same Business Day. Expedited payments must be scheduled before 6:00 p.m. (Central Time) to be effective the same Business Day.