Common use of Bill Payment Service Clause in Contracts

Bill Payment Service. You may use the financial institution’s bill payment service, to direct the financial institution and/or service provider to make payments from your funding account to the payees you choose in accordance with this agreement. The terms and conditions of this agreement are in addition to the account agreements, disclosures and other documents in effect from time to time governing your funding account. Service Guarantee The service provider will bear responsibility for any late payment related charges up to fifty dollars ($50.00) should a payment post after the scheduled deliver by date, provided that the payment was scheduled and the payee information was maintained in accordance with the guidelines described within this agreement. Notwithstanding the foregoing, the service provider shall not be responsible for any such charges if the service provider does not have responsibility or liability for a payment transaction, late payments or late payment related charges under the other provisions of this agreement, including, without limitation, those payments described under the exception payments section below.