Common use of Xxxx Payment Service Clause in Contracts

Xxxx Payment Service. The Xxxx Payment Service permits you to use your Internet-enabled device to direct payment from your designated Xxxx Pay Account to third parties you wish to pay. Your Xxxx Pay Account must be a checking account. Through the Xxxx Payment Service, you can pay bills from your Xxxx Pay Account to businesses and individuals. All payments you make will be deducted from the account you designate as your Xxxx Pay Account for the Xxxx Payment Service. Any payments you wish to make through this service must be payable in US Dollars to a payee located in the continental United States. We reserve the right to restrict types of payees to whom payment may be made using the Xxxx Payment Service from time to time. You should not use the Xxxx Payment Service to make payments to settle securities purchases, payment to interest bearing accounts, tax payments or court ordered payments. Payments to these payees will be your sole responsibility if delayed or improperly processed or credited. Funds must be available in your Xxxx Pay Account on the scheduled payment date. If the date you schedule a payment to initiate falls on a non-business day (Saturday, Sunday or Holiday), funds must be available in your Xxxx Pay Account the following business day (e.g. Monday). After the funds are withdrawn from your Xxxx Pay Account to make a payment, we may make the payment either by transferring funds electronically to the payee or by mailing the payee a check. You may choose to schedule a payment to recur in the same amount on a regular weekly, monthly, or semi-monthly basis. When you create a new payee in the Xxxx Payment Service, it has a temporary status until we have had sufficient time to set up the account and for your business payee to verify information about your account. You should schedule a payment to a new payee at least ten (10) business days before any payment due date, to allow us time to set up the payee and verify information about your account with the payee. For all subsequent payments, you agree to allow at least three (3) business for electronic payments and five (5) business days for check payments between the date you schedule a payment to be initiated and the payment due date (this is, the due date shown on your invoice or provided in your agreement with the payee, not taking into account any applicable grace period). If you do not, you will be responsible for all late fees, finance charges or other actions taken by the payee. If you schedule your payment and follow all instructions provided, but the payee does not receive the payment in a timely manner, we will work with the payee on your behalf to attempt to have any late fees or charges reversed. Freedom Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorizations in accordance with this Agreement. We will not be liable in any way for damages you may incur as a result of the circumstances set forth in the heading LIABILITY" below or for any other circumstance beyond the control of Freedom Bank. If the session during which you schedule a payment or transfer ends by 3:00 pm, Freedom Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries using the service, the time recorded by the Online Banking Service controls. If your Xxxx Pay Account does not have sufficient funds to make a payment as of the date of the transfer or payment is attempted or scheduled to be made, the transfer or payment will be canceled and no further attempt will be made by Freedom Bank to make the transfer or payment. Freedom Bank will attempt to notify you by e-mail or US Postal Mail, but we shall have no obligation or liability if we do not complete a transfer or payment because there are insufficient 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 Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be canceled. Fixed payments scheduled for future dates will not be affected. Payment changes or cancellations should be made through the Xxxx Payment Service. If certain information that you provided to us when setting up the Xxxx Payment Service for a payee changes, or if you wish to cancel a xxxx payment to a payee that you have scheduled, you may edit the payment information or delete the payment online via the Xxxx Payment Service by following the onscreen instructions in the Pending transactions" section. If the payment is not listed and you ask us to cancel a payment after it is issued, and we agree to do so, we may charge you a stop payment fee. Stop payment orders, whether oral, written or electronic will be in effect for a period of six (6) months. If requested by Freedom Bank, you will confirm any stop payment order in writing. After six months, any stop payment will be terminated and must be renewed in order to continue in effect. Freedom Bank may pay any item that is presented following the lapse of any stop payment order. Xxxx Pay daily limitation: $19,999.99. Schedule of Fees Freedom Bank currently offers the benefits and convenience of the Online Banking Service and the Xxxx Payment Service at no cost. However, Freedom Bank reserves the right to charge a fee in its discretion in the future upon advance notice along with an opportunity for you to terminate the Service at your option in accordance with the procedures set forth in paragraph C of Term and Termination below. Statements You will continue to receive your regular monthly account statements from Freedom Bank.

Xxxx Payment Service. The Xxxx Payment This Online Service permits allows you to use your Internet-enabled device make current, future and recurring payments to direct payment others from one or more of your designated Xxxx Pay Account to third parties you wish to paychecking accounts with us. Your Xxxx Pay Account must be a checking account. Through the Xxxx Payment Service, you can pay bills from your Xxxx Pay Account to businesses and individuals. All payments you make will be deducted from the account you designate as your Xxxx Pay Account for the Xxxx Payment Service. Any payments you wish to make through this service must be payable in US Dollars to a payee located in the continental United StatesEligible Payees. We reserve the right to restrict types determine who may be a payee. Unless we advise you otherwise, payments may only be made to payees located in the United States. This account is limited for business purposes only. Initiating Payments. To initiate a payment, you must specify the person or business you are paying, the date for processing your payment, the amount to be paid, and (if you have one) your account number with the payee. The first time you request a payment to be made to a payee, you must also specify the payee's address and the number of payees the account from which the payment is to whom be made. We may modify the payee address to accommodate special processing requirements. We will send your payment to the payee either by transferring the funds electronically or by mailing a check to the payee. Xxxx payment requests received on a non-Business Day or after 6:00 p.m. (Central Standard Time) on a Business Day may be deemed received on our next Business Day. Xxxx Payment Limitation. The maximum payment amount per check is limited to $250,000.00, and only one payment may be made using the Xxxx Payment Service from time to time. You should not use the Xxxx Payment Service to make payments to settle securities purchases, payment to interest bearing accounts, tax payments or court ordered payments. Payments to these payees will be your sole responsibility if delayed or improperly processed or credited. Funds must be available in your Xxxx Pay Account on the scheduled payment dateper payee each Business Day. If the date total payment amount exceeds $250,000.00, multiple payments may be required over several Business Days. Charging Your Account. When you schedule transmit a payment request, you authorize us to initiate falls on a non-business day (Saturday, Sunday or Holiday), charge your designated account. If your account does not have enough available funds must be available in your Xxxx Pay Account the following business day (e.g. Monday). After the funds are withdrawn from your Xxxx Pay Account to make cover a payment, we may make reject the payment either by transferring funds electronically to the payee or by mailing the payee a checktransaction. Scheduling Xxxx Payments. You may choose to schedule specify a payment date up to recur 365 days in the same amount on a regular weeklyadvance. If your payment will be sent by check, monthly, or semi-monthly basis. When you create a new payee in the Xxxx Payment Service, it has a temporary status until we have had sufficient time to set up the account should enter and for transmit your business payee to verify information about your account. You should schedule a payment to a new payee instructions at least ten 10 full Business Days before the payment is due (10) although payments may be made as late as seven full Business Days before the due date, you should allow 10 Business Days). If your payment is made by electronic payment, you should enter and transmit your payment instructions at least five full Business Days before the due date (although payments may be made as late as three full business days before any payment the due date, to you should allow us time to set up the payee and verify information about your account with the payee. For all subsequent payments, you agree to allow at least three (3) business for electronic payments and five (5) business days for check payments between the date you schedule a payment to be initiated and the payment due date (this is, the due date shown on your invoice or provided in your agreement with the payee, not taking into account any applicable grace periodfull Business Days). If you do not, you will be You are solely responsible for all late fees, finance charges or other actions taken by the payee. If you schedule your ensuring that payment and follow all instructions provided, but the payee does not receive the payment requests are submitted in a timely manner, we will work with the payee on your behalf fashion and that you have provided for sufficient lead-time for payments to attempt to have any late fees or charges reversed. Freedom Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorizations in accordance with this Agreementbe received. We will not be liable in any way assume no obligation for late charges, penalties or other damages that you may incur as a result of the circumstances set forth in the heading LIABILITY" below or for any other circumstance beyond the control of Freedom Bank. If the session during which you schedule a payment or transfer ends by 3:00 pm, Freedom Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries using the service, the time recorded by the Online Banking Service controls. If your Xxxx Pay Account does not have sufficient funds to make a payment as of the date of the transfer or payment is attempted or scheduled to be made, the transfer or payment will be canceled and no further attempt will be made by Freedom Bank to make the transfer or payment. Freedom Bank will attempt to notify you by e-mail or US Postal Mail, but we shall have no obligation or liability if we do not complete a transfer or payment because there are insufficient 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 Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be canceled. Fixed payments scheduled for future dates will not be affected. Payment changes or cancellations should be made through the Xxxx Payment Service. If certain information that you provided to us when setting up the Xxxx Payment Service for a payee changes, or if you wish to cancel a xxxx payment to a payee that you have scheduled, you may edit the payment information or delete the payment online via the Xxxx Payment Service by following the onscreen instructions in the Pending transactions" section. If the payment is not listed and you ask us to cancel a payment after it is issued, and we agree fail to do so, we may charge you a stop payment fee. Stop payment orders, whether oral, written or electronic will be in effect for a period of six (6) months. If requested by Freedom Bank, you will confirm any stop payment order in writing. After six months, any stop payment will be terminated and must be renewed in order to continue in effect. Freedom Bank may pay any item that is presented following the lapse of any stop payment order. Xxxx Pay daily limitation: $19,999.99. Schedule of Fees Freedom Bank currently offers the benefits and convenience of the Online Banking Service and the Xxxx Payment Service at no cost. However, Freedom Bank reserves the right to charge a fee in its discretion in the future upon advance notice along with an opportunity for you to terminate the Service at your option in accordance with the procedures set forth in paragraph C of Term and Termination below. Statements You will continue to receive your regular monthly account statements from Freedom Bank.

Xxxx Payment Service. The Xxxx Payment Service permits you to use your Internet-enabled device to direct payment from your designated Xxxx Pay Account to third parties you wish to pay. Your Xxxx Pay Account must be a checking account. Through the Xxxx Payment Service, you can pay bills from your Xxxx Pay Account to businesses and individuals. All payments you make will be deducted from the account you designate as your Xxxx Pay Account for the Xxxx Payment Service. Any payments you wish to make through this service must be payable in US Dollars to a payee located in the continental United States. We reserve the right to restrict types of payees to whom payment may be made using the Xxxx Payment Service from time to time. You should not use the Xxxx Payment Service to make payments to settle securities purchases, payment to interest bearing accounts, tax payments or court ordered payments. Payments to these payees will be your sole responsibility if delayed or improperly processed or credited. Funds must be available in your Xxxx Pay Account on the scheduled payment date. If the date you schedule a payment to initiate falls on a non-business day (Saturday, Sunday or Holiday), funds must be available in your Xxxx Pay Account the following business day (e.g. Monday). After the funds are withdrawn from your Xxxx Pay Account to make a payment, we may make the payment either by transferring funds electronically to the payee or by mailing the payee a check. You may choose to schedule a payment to recur in the same amount on a regular weekly, monthly, or semi-monthly basis. When you create a new payee in the Xxxx Payment Service, it has a temporary status until we have had sufficient time to set up the account and for your business payee to verify information about your account. You should schedule a payment to a new payee at least ten (10) business days before any payment due date, to allow us time to set up the payee and verify information about your account with the payee. For all subsequent payments, you agree to allow at least three (3) business for electronic payments and five (5) business days for check payments between the date you schedule a payment to be initiated and the payment due date (this is, the due date shown on your invoice or provided in your agreement with the payee, not taking into account any applicable grace period). If you do not, you will be responsible for all late fees, finance charges or other actions taken by the payee. If you schedule your payment and follow all instructions provided, but the payee does not receive the payment in a timely manner, we will work with the payee on your behalf to attempt to have any late fees or charges reversed. Freedom Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorizations in accordance with this Agreement. We will not be liable in any way for damages you may incur as a result of the circumstances set forth in the heading LIABILITY" below or for any other circumstance beyond the control of Freedom Bank. If the session during which you schedule a payment or transfer ends by 3:00 pm, Freedom Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries using the service, the time recorded by the Online Banking Service controls. If your Xxxx Pay Account does not have sufficient funds to make a payment as of the date of the transfer or payment is attempted or scheduled to be made, the transfer or payment will be canceled and no further attempt will be made by Freedom Bank to make the transfer or payment. Freedom Bank will attempt to notify you by e-mail or US Postal Mail, but we shall have no obligation or liability if we do not complete a transfer or payment because there are insufficient 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 Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be canceled. Fixed payments scheduled for future dates will not be affected. Payment changes or cancellations should be made through the Xxxx Payment Service. If certain information that you provided to us when setting up the Xxxx Payment Service for a payee changes, or if you wish to cancel a xxxx payment to a payee that you have scheduled, you may edit the payment information or delete the payment online via the Xxxx Payment Service by following the onscreen instructions in the Pending transactions" section. If the payment is not listed and you ask us to cancel a payment after it is issued, and we agree to do so, we may charge you a stop payment fee. When a payment is in process or submitted as an ACH payment you will not be able to process the stop payment. Stop payment orders, whether oral, written or electronic will be in effect for a period of six (6) months. If requested by Freedom Bank, you will confirm any stop payment order in writing. After six months, any stop payment will be terminated and must be renewed in order to continue in effect. Freedom Bank may pay any item that is presented following the lapse of any stop payment order. Xxxx Pay daily limitation: $19,999.99. Schedule of Fees Freedom Bank currently offers the benefits and convenience of the Online Banking Service and the Xxxx Payment Service at no cost. However, Freedom Bank reserves the right to charge a fee in its discretion in the future upon advance notice along with an opportunity for you to terminate the Service at your option in accordance with the procedures set forth in paragraph C of Term and Termination below. Statements You will continue to receive your regular monthly account statements from Freedom Bank.

Xxxx Payment Service. The Xxxx Payment Service permits you to use You can arrange, at your Internet-enabled device to direct option, for the payment of your current, future and recurring bills from your designated Xxxx Pay Account to third parties you wish to payAccount. Your Xxxx Pay Account must be a checking account. Through the For Xxxx Payment Service, your Payee list may include utility companies, merchants, financial institutions, insurance companies, individuals, etc. within the United States whom you can wish to pay bills from your Xxxx Pay Account to businesses and individuals. All payments you make will be deducted from the account you designate as your Xxxx Pay Account for the through Xxxx Payment Service. Any payments you wish to make through this service must be payable in US Dollars to Please include the full name of the Payee and a payee located in complete mailing address and telephone number for each Payee, along with your account number with the continental United StatesPayee, the amount of the Payment, and whether the Payment is recurring. We reserve The Bank reserves the right to restrict types of payees decline to whom payment may be made using the Xxxx Payment Service from time make Payments to timecertain persons and entities. You should agree that any Payment for taxes, Payments that are court-ordered, government payments and Payments outside of the United States are prohibited and you agree that you will not attempt to use the Xxxx Payment any Service to make payments these types of Payments. On recurring Payments, it is the responsibility of the account owner or designated authorized users to settle securities purchasesupdate Payee account information such as address changes, payment to interest bearing accountsaccount numbers, tax payments or court ordered paymentsetc. Payments are posted against your ledger balance, plus the available credit on your overdraft protection, if any, or other line of credit. You may schedule Payments to these payees will be your initiated on the current Business Day, on a future date, or on the same date of each month. If you are scheduling a Payment for the current day it must be initiated prior to 3:00 p.m. C.S.T. Changes to previously scheduled Payments must be made before midnight C. S. T. the Business Day before the day it is to be initiated. Bank may, in its sole responsibility if delayed discretion, accelerate the effective time of any scheduled Payments or improperly processed change requests. If the transaction is no longer showing a "Scheduled Payments" status, then the Payment cannot be modified or crediteddeleted. Although you can enter Payment information through the Service twenty-four (24) hours a day, seven (7) days a week, the Bank only initiates on Business Days. Funds must be available in your Xxxx Pay Account on the scheduled payment date. If the date you schedule a payment to initiate falls on a non-business day (Saturday, Sunday or Holiday), funds must be available in your Xxxx Pay Account the following business day (e.g. Monday). After the funds are withdrawn from your Xxxx Pay Account to make a paymentPayment, we may make the payment Payment either by transferring funds electronically to the payee Payee or by mailing the payee Payee a check. You may choose to Funds will be deducted from your account (whether we make these Payments electronically or by Check) on: (a) the Business Day we process the Xxxx Pay request, if you schedule a payment to recur in Payment for processing the same amount Business Day as the day of receipt by us of that request; and (b) the Business Day immediately preceding the date you schedule a Payment for processing, if the Xxxx Payment is future dated (that is, set by you for processing on a regular weeklyfuture date). If you direct the initiation of a Payment to occur on a day other than a Business Day, monthly, or semi-monthly basisit will be initiated on the previous Business Day. When you create a new payee Payee in the Xxxx Payment Serviceservice, it has a temporary status until we have had sufficient time to set up the account account, and for your business payee to Payees, verify information about your account. The Xxxx Payment service may provide a calendar feature that estimates the expected date of delivery of a scheduled Payment. This feature is an estimate only and not a guarantee of Payment delivery on that date. You should schedule a payment Payment to a new payee Payee at least ten (10) business days Business Days before any payment Payment due date. For existing Payees, please allow at least five (5) Business Days for electronic Payments to allow us time be processed and at least eight (8) Business Days for paper Checks to set up be delivered. Bank is not liable for any service fees or late charges levied against you due to postal delays or processing delays by the payee Payee. There is no limit on the number of Payees or number of Payments that may be authorized. The maximum per Payment amount is $10,000.00 and verify information about your the minimum per Payment amount is $0.01. The maximim per Payment amount for person to person (P2P) payments is $300.00. The maximum daily amount for person to person (P2P) payments is $600.00. Nothwithstanding the minimum and maximum amounts described in this section or any other place in this Agreement, Bank may, in its sole discretion, impose limits and/or restrictions on the minimum and maximum amount and number os Payments with our without notice and at any time. You acknowledge and agree that if you describe a Payee inconsistently by name and account with number, scheduled Xxxx Payment transactions to the payeePayee will occur on the basis of the account number, even if it identifies a person other than the named Payee. For all subsequent paymentsPayments, you agree to allow at least three (3) business for electronic payments and five (5) business days for check payments to eight (8) Business Days between the date you schedule a payment Payment to be initiated and the payment Payment due date (this that is, the due date shown on your invoice or provided in your agreement with the payee, not taking into account any applicable grace period). If you do not, you will be fully responsible for all late fees, finance charges or other actions taken by the payeePayee. If you schedule your payment Payment and follow all instructions provided, but and the payee does Payment is not receive received by the payment Payee in a timely manner, we a representative of Bank will work with the payee Payee on your behalf to attempt to have any late fees or charges reversed. Freedom Bank When you schedule a Xxxx Payment, you authorize us to debit your qualified designated checking account for the requested amount. If sufficient funds are not available in your designated account when the debit is only presented for payment, we may refuse to honor the debit and return it unpaid. At our sole discretion, we may elect to pay the debit 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 debit is paid or returned, as applicable. You are responsible for exercising ordinary care in processing and sending payments upon your authorizations in accordance with this Agreement. We will not be liable in any way for damages loss or penalty that you may incur as due to a result lack of sufficient funds or other conditions that may prevent the circumstances set forth in withdrawal of funds from your account. Recurring Payments and Transfers are those made for the heading LIABILITY" below same amount, on the same date, on a weekly, bi- monthly, monthly basis, etc. Once started, recurring Payments and Transfers will be made automatically until you delete the Payment or for any other circumstance beyond the control of Freedom BankTransfer or upon expiration. If the session during which you schedule Payment is not a payment or transfer ends by 3:00 pm, Freedom Bank will be considered to have received it on that day. Otherwiserecurring Payment, it will be considered received on a “One-time Payment.” One-time Payments do not recur and are not made until you enter the following business day. For all entries using the service, the time recorded by the Online Banking Service controls. If your Xxxx Pay Account does not have sufficient funds to make a payment as Payee and amount of the date of current xxxx and submit the transfer Payment. A recurring or payment is attempted or future scheduled to be made, the transfer or payment will be canceled and no further attempt will be made by Freedom Bank to make the transfer or payment. Freedom Bank will attempt to notify you by eOne-mail or US Postal Mail, but we shall have no obligation or liability if we do not complete a transfer or payment because there are insufficient 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 Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be canceled. Fixed payments scheduled for future dates will not be affected. Payment changes or cancellations should be made through the Xxxx Payment Service. If certain information that you provided to us when setting up the time Xxxx Payment Service for a payee changes, or if you wish to cancel a xxxx payment to a payee transaction that you have scheduled, you may edit want deleted must be deleted or the next Payment date changed before 3:00 p.m. C.S.T. of the Business Day before the current transaction date. A stop payment information or delete the payment online via the cannot be placed on an Electronic Xxxx Payment Service by following the onscreen instructions in the Pending transactions" sectiontransaction once issued. If the payment is not listed and you ask us to cancel a payment after it is issuedHowever, and we agree to do so, we may charge you a stop payment fee. Stop payment orders, whether oral, written or electronic will can be in effect for placed on a period of six (6) months. If requested by Freedom Bank, you will confirm any stop payment order in writing. After six months, any stop payment will be terminated and must be renewed in order to continue in effect. Freedom Bank may pay any item that is presented following the lapse of any stop payment order. Xxxx Pay daily limitation: $19,999.99. Schedule of Fees Freedom Bank currently offers the benefits and convenience of the Online Banking Service and the Xxxx Payment Service at no cost. However, Freedom Bank reserves the right transaction by Xxxx Payment check any time prior to charge a fee in its discretion in the future upon advance notice along with an opportunity for you to terminate the Service at your option in accordance with the procedures set forth in paragraph C of Term and Termination below. Statements You will continue to receive your regular monthly account statements from Freedom Bank.9:00 a.m.