Common use of The Xxxx Payment Service Clause in Contracts

The Xxxx Payment Service. The Xxxx Payment Service is an optional Internet banking feature, which may be used in conjunction with Bank's iManage Personal Banking® product; where you may schedule payments directly from your authorized and designated Accounts to third parties whom you have selected in advance to receive payments (“Payees”) through the iManage Personal Banking® xxxx payment services ("Xxxx Payment Services"). You may make payments through the Xxxx Payment Services to any business, merchant, or professional that generates a xxxx or invoice for products or services provided to you, or on your behalf, and that has an address ("Business Payees"). You also may make payments through the Xxxx Payment Services to individuals, family, or friends for non-business purposes ("Personal Payees"). The terms "Payee" or "Payees" includes both Business Payees and Personal Payees, as applicable. Bank reserves the right, in Bank’s sole discretion, to determine, at any time, how a Payee should be classified. You can include up to 4,999 Payees on your Payee list. Payments may be made only to Payees with a U.S. payment address. Any Accounts requiring two or more signatures or authorizations to withdraw or transfer funds may not be used as a Billable Account.