Use of Bill Payment Services. In order to use the Bill Payment Services you must be enrolled in the Digital Banking Services. Bill Payment Services allows you to make one-time or recurring Check or electronic payments (“Bill Payments”) from an eligible Account to individuals, other companies, or merchants you designate as a payee (“Payee”) to pay bills. You authorize us to utilize third parties to provide the Bill Payment Services to you on our behalf. If the designated Account does not have a sufficient available balance to complete a Bill Payment, that Bill Payment may be refused. We reserve the right to refuse to make any Bill Payment but will notify you of any such refusal within two (2) Business Days following receipt of your payment instruction. You may use Bill Payment Services to make Bill Payments up to a maximum of $15,000.00 per payment and maximum daily limit of $15,000.00. We reserve the right to change the maximum Bill Payment and daily limits. By furnishing us with the names and addresses of a Payee, you authorize us to follow the instruction to each Payee submitted via Bill Payment Services. You will instruct us when to send the Bill Payment by selecting a “Send on Date.” The date the Bill Payment is sent by us is called the “Process Date.” When we receive a Bill Payment instruction, we will start the transfer of funds to the Payee on your behalf and debit the applicable Account on the Send on Date. All payments made through Bill Payment Services will be processed pursuant to regulations concerning preauthorized payments contained in the EFTA (as applicable) and the Rules. You agree not to use Bill Payment Services to initiate any form of Bill Payment that may result in an International ACH Transaction (“IAT”), acknowledge that such Bill Payments are specifically prohibited under this Agreement. All other Bill Payments made through Bill Payment Services will be processed in compliance with Regulation CC (12 CFR § 229), and Applicable Law.
