Setting Up Payments. To schedule Payments, you must choose a Payee from your Payee List. You may schedule One-Time Payments and Recurring Payments to any of your Payees. It is your responsibility to cancel, skip, reschedule or revise a Scheduled Payment in accordance with the Payee’s instructions to you, or as needed to ensure sufficient Available Funds in the corresponding Funding Account, or under circumstances where the Payee may return the Payment to the Service Provider due to any reason outside the Service Provider’s or our control. The Service Provider and/or we reserve the right to refuse or cancel a Payment for any reason. The earliest possible Payment Date/Withdraw On Date and Due Date/Deliver By Date for each Payee will be determined and presented by the Xxxx Payment Service when you schedule a Payment. The Xxxx Payment Service will not permit a Payment Date/Withdraw On Date or Due Date/Deliver By Date earlier than the earliest possible dates presented. The Xxxx Payment Service determines this earliest possible Payment Date/Withdraw On Date and Due Date/Deliver By Date based on the number of Business Days required to deliver a Payment to the Payee, which is primarily affected by whether or not the Payee has agreed to accept remittance of Payments electronically (typically one (1) or two (2) Business Days) or requires Payments be delivered by check (typically four (4) or five (5) Business Days). A Payee’s location or policies for posting and crediting payments may require additional Business Days. Payments scheduled after the Xxxx Payment Service’s “Cut-Off Time,” as set forth in the Xxxx Payment Service site and/ or in this Agreement, shall be processed no earlier than the following Business Day. The Service Provider and/or we may change the Cut-Off Time without prior notice. You should carefully consider factors such as the Payee’s payment due date, grace period, whether the Payee’s payment due date falls on a non-Business Day, etc., when scheduling a Payment to avoid late payments and late fees. You must allow the necessary number of Business Days prior to the Payee’s payment due date for each Payment, including each Payment of a Recurring Payment series. Some businesses take longer to post payments than others. You should consider allowing additional time for the initial Payment to a Payee through the Xxxx Payment Service in order to gauge the appropriate Payment Date/Withdraw On Date or Due Date/Deliver By Date in each case, and determine whether to allow an add...
Setting Up Payments. You may set up one time or recurring payments to your Payees. To set up a payment, you must select a Payee from your Payee List, and follow the instructions for scheduling a payment. You are responsible for canceling, skipping, rescheduling or revising any recurring payments. The Service Provider and/or we retain the right to refuse to or cancel a Payment for any reason. Requested Payments are forwarded to our Service Provider who will transfer the funds to the Payee either electronically or by sending the Payee a paper check. If the funds are sent electronically, your payments will be deducted from your account by a direct automated clearinghouse (ACH) debit through Federal Reserve Banking channels. Payments made via ACH are subject to the rules of the National Automated Clearing House Association (NACHA). The minimum per Payment amount is $1.00. When you schedule a Bill Payment that will be made by check, the Payment will be treated as if you wrote a check drawn from your Account. A check will be printed and sent regardless of the balance in your Account. If sufficient funds are not available in your designated account when the check is presented for payment, we may refuse to honor the check and return it unpaid. At our sole discretion, we may elect to pay the check regardless of the insufficient funds. In either event, your qualified designated Account will be charged our then current fee for processing insufficient items, whether the check is paid or returned, as applicable. You are responsible for any loss or penalty that you may incur due to a lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your Account. Bill Payments made by paper checks processed by nonaffiliated third parties may show as drawn on the third party processor or its bank rather than on you or on us. If Payment is to be made electronically and your Account does not have sufficient available funds to make a Payment as of the date the transfer or Payment is attempted or scheduled to be made, the Transfer or Payment will be canceled and you will be notified via the Online Bill Payment Service’s Secure Messaging center. The Bank shall have no obligation or liability if it does not complete a Transfer or Payment because there are insufficient available funds in your account to process a transaction. In all cases, you are responsible for either making alternate arrangements for the Payment or rescheduling the Payment through the Service. In the case...
Setting Up Payments. You can enter payment information through Digital Banking 24 hours a day, 7 days a week. However, payments will be set up for delivery only on Business Days. Our Business Days are every day, except Saturdays, Sundays and holidays. You will set up a payment to be delivered on a specific date, referred to as "Delivery Date". You may set up a payment to be delivered on any future Business Day. You may also set up payments to be automatically delivered for a fixed amount on a weekly, every two weeks, monthly, bi-monthly, quarterly, semi-annual or annual basis ("Recurring Payment"). If a delivery date is a day that does not exist for the specified recurring period, then the Delivery Date will be adjusted to the Business Day immediately before the specified period. If the scheduled payment falls on a non-Business Day, your payment will be delivered on the previous Business Day closest to the scheduled payment date. For electronic payments, the funds are debited from your Account on the send date you selected, after the cutoff time of 5:00 PM. Your payment will generally post to your Account with the Xxxxxx on the next Business Day (time of posting is dependent on the Xxxxxx). Payments sent by Check are transmitted by the US Postal Service and we are not responsible for the delivery time. Based on our estimate of average US Postal Service mailing times, it may take as long as 5-7 calendar days to reach the Xxxxxx. Payments will be deducted from your Account once the Xxxxxx deposits the check. For check payments, if the US Postal Service returns a check payment to us (for an invalid address, for example), the check status in the Digital Banking system will indicate it was returned. We will destroy all checks returned. We will make no attempts to reprocess this payment. You will be responsible for resolving the delivery and processing of your payment. It is your responsibility to set up a Delivery Date for your bill payments that allows sufficient time for your Xxxxxx to receive and process your payment before the actual payment due date, excluding any applicable grace periods. If you do not, you will be fully responsible for all late fees, finance charges or any other action taken by the Xxxxxx. If there are insufficient funds in your Account at the time we attempt to debit your Account in order to process a payment to a Xxxxxx, the procedures set forth in your Account Agreement will apply.
Setting Up Payments. It is your responsibility to schedule payments far enough in advance to allow the Bill Pay Plus service to process and send your payment in advance of your payment due date. This may be up to five (5) days prior to the payment due date. Payments may be set up for one-time payments or recurring payments. It is your responsibility to cancel, skip, reschedule or revise scheduled payments as necessary. Other restrictions on payments through Bill Pay Plus include: Commercial Bank reserves the right to refuse the designation of a “Payee” for any reason or to restrict categories of payees. The designated “Payee” must be located within the United States (including U.S. territories and APO/AEOs). Commercial Bank is not responsible for payments that cannot be made due to incomplete, incorrect, or outdated information. Payment amounts can be no more than $9,999.99 per transaction. Tax payments, court ordered payments (such as alimony and child support), and securities transactions should not be made via Bill Pay Plus. Bill Pay Plus Process: Please allow ample time for your payments to reach your “Payees”.
