Common use of Bill Payment Clause in Contracts

Bill Payment. You may make Bill Pay Payment(s) (BPP) through Online Banking or Application to any business, person or professional (Payee) that has an address which can verified. BPP may be made only to Payees with a United States payment address. Credit Union and/or BPP vendor reserves the right to refuse to accept any bill payment transaction. BPP for alimony, child support, taxes, government fees, or court ordered payments are not always accepted. You can make these payments, but Credit Union does not guarantee that it will be accepted or posted in a timely fashion. You do so at your own risk. BPP will be sent to the Payee either electronically or by paper check mailed to the Payee via the U.S. Postal Service or other delivery services that may be available from time-to-time. The choice of electronic or paper check is solely at the discretion of Credit Union BPP vendor. Checks, electronic payments, and withdrawal orders of any kind can be drawn on your Account in any order. You should be aware that all other transactions may affect the funds available to make your payment. When you schedule a bill payment transaction, you authorize Credit Union to reduce the Account balance accordingly. If the available balance in the Account is not sufficient to make payments you have authorized, Credit Union may either refuse to pay the item or make the payment and thereby overdraw the Account. In either event, you are responsible for any insufficient funds and overdraft charges that may be imposed, as stated in any Credit Union agreements. Credit Union reserves the right to refuse to honor payment requests that may reasonably appear to be fraudulent or erroneous but in no circumstance has the duty to monitor transactions for fraud or errors. You are responsible for any BPP request you make that contains an error or is a duplicate of another payment. We are not responsible for any BPP that is not made if you did not properly follow the instructions for making such payment. When a BPP is scheduled, an estimated delivery date is given, based on the method of delivery being used to make the payment. However, payments should be scheduled at least five (5) business days before the business day on which a bill payment is due to ensure there is sufficient time to process and deliver the payment. Credit Union is not responsible for payment delivery delays caused by the U.S. Postal Service, other delivery services used, or for payment processing delays after the Payee has received the payment. Any charges imposed as a result of your failure to transmit bill payment transactions at least five (5) business days before a payment is due are your responsibility. Credit Union’s responsibility for any late payment beyond this timeframe is strictly limited to the late charge only, up to a MAXIMUM of $50. The Credit Union is not responsible for finance charges, interest, indirect, incidental, special or consequential damages related to the late payment. Online Banking or Application may be used to authorize automatic recurring BPP. You may schedule recurring payments to be automatically initiated for a fixed amount on a weekly, biweekly, monthly, quarterly or annual basis. The day on which the payment is to be sent is referred to as the "Date/Recurrence." If the payment date/recurrence is scheduled for a non-business day, it will be processed on the prior business day. If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date. Credit Union is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Credit Union will not be liable in any way for damages you incur for any of the following reasons: (a) insufficient funds in your Account to make the payment on the processing date;

Bill Payment. You may make Bill Pay Payment(s) (BPP) through Online Banking or Application If you elect to any business, person or professional (Payee) that has an address which can verified. BPP may be made only to Payees with a United States payment address. Credit Union and/or BPP vendor reserves utilize the right to refuse to accept any optional bill payment transactionservice, you agree to the terms and conditions set forth in this Agreement. BPP You authorize us to post bill payment transactions initiated through the Service to the account(s) you designate and to honor debits drawn against the account(s) without presence of your written signature. A checking account is required for alimony, child support, taxes, government fees, or court ordered bill payment. Bill payments are not always accepted. You can make these payments, but Credit Union does not guarantee that it will be accepted or posted in a timely fashion. You do so at your own risk. BPP will be sent to the Payee either electronically or by paper check mailed check, at our option. Please note, bill payments may take up to 10 business days to reach the payee. Funds for all bill payments may be debited from the account you designate at any time on or after the processing date. The processing date is determined by the Service and precedes the date that payment is to occur, depending on the method of payment. You agree to maintain available funds in your account to pay bill payment transactions no later than the processing date, and until the funds are debited by the Service. Bill payments may also be scheduled on a recurring basis or on future business days based on options available in the Service. Recurring bill payments which would otherwise fall on a non-business day will be processed on the last business day prior to the Payee via non-business day. For bill payments to individuals, a name, routing number and account number may be entered by you or the U.S. Postal Service or other delivery services payee to identify the intended payee. You agree that if the information entered describes the payee inconsistently by name and routing and/or account number, the payment will be made based on the routing and account number entered, even if the routing and account number entered identify an individual different from the intended payee. You agree that we are not liable for having carried out such a payment and resolution of the situation is between you and the payee. We recommend that you contact your individual payee(s) for restrictions that may be available from time-to-timeapply. The choice of electronic or paper check is solely at All bill payments require sufficient time for the discretion of Credit Union BPP vendor. Checks, electronic payments, and withdrawal orders of any kind can be drawn on your Account in any order. You should be aware that all other transactions may affect the funds available payee to make your payment. When you schedule a bill payment transaction, you authorize Credit Union to reduce the Account balance accordingly. If the available balance in the Account is not sufficient to make payments you have authorized, Credit Union may either refuse to pay the item or make process the payment and thereby overdraw the Accountcredit your account. In either event, you We are responsible not liable for any insufficient funds and overdraft service fees or late charges that may be imposed, as stated in any Credit Union agreements. Credit Union reserves levied against you by payees you select to receive payments through the right to refuse to honor bill payment requests that may reasonably appear to be fraudulent or erroneous but in no circumstance has the duty to monitor transactions for fraud or errorsservice. You are responsible for any BPP request fee of ours as well as any fee from the payee that you make may incur due to the lack of sufficient funds or other conditions that contains an error or is a duplicate may prevent the withdrawal of another payment. We are not responsible for any BPP that is not made if you did not properly follow the instructions for making such payment. When a BPP is scheduled, an estimated delivery date is given, based on the method of delivery being used funds from your account to make the payment. However, payments should be scheduled at least five (5) business days before the business day on which pay a bill payment is due that you have requested. You agree to ensure there is sufficient time not make payments to process and deliver the federal, state or local tax agencies; or payments of alimony, child support or other government fees; or court-directed payments using a bill payment. Credit Union is not responsible for You agree to promptly notify us during regular business hours if you receive notice from a payee that a payment delivery delays caused by you made using the U.S. Postal Service, other delivery services used, or for payment processing delays after the Payee has received the payment. Any charges imposed as a result of your failure to transmit bill payment transactions at least five (5) business days before a payment is due are your responsibilityservice remains unpaid. Credit Union’s responsibility We will not be liable to you for any late payment beyond this timeframe is strictly damages (including, but not limited to the late charge onlyto, up to a MAXIMUM of $50. The Credit Union is not responsible for finance chargesactual, interestdirect, indirect, incidental, special or consequential damages related to the late payment. Online Banking damages) that your failure or Application may be used to authorize automatic recurring BPP. You may schedule recurring payments to be automatically initiated for a fixed amount on a weekly, biweekly, monthly, quarterly delay in notifying us prevents us from avoiding or annual basis. The day on which the payment is to be sent is referred to as the "Date/Recurrencealleviating." If the payment date/recurrence is scheduled for a non-business day, it will be processed on the prior business day. If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date. Credit Union is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Credit Union will not be liable in any way for damages you incur for any of the following reasons: (a) insufficient funds in your Account to make the payment on the processing date;