Advantages Bill Pay™ Sample Clauses

Advantages Bill Pay™. Advantages Bill Pay™ is an electronic bill payment service that allows you to access, view, and pay your monthly bills from UECU’s secure website. You may access Advantages Bill Pay™ through your Mobile and Online Banking username and password. You may use this service to: (1) make bill payments from your checking account in amounts you designate on the days you request; (2) schedule one-time, variable, or recurring monthly payments; (3) schedule payments up to a year in advance; (4) review, change or cancel pending payments; and (5) access a full twelve months of payment history. We will withdraw the designated funds from your checking account. Some payments may be delayed. The earliest available payment date is shown at the time you schedule a payment. If you do not use the Advantages Bill Pay™ service at least once in a six-month period, it will be cancelled. Payments to billers outside the United States or its territories are prohibited through the service. Refer to the Advantages Bill Pay™ homepage for fee information and additional terms and conditions associated with this service. Any fees associated with your deposit accounts will continue to apply. Refer to our current Fee Schedule. 1) Point of Purchase (POP) – With this type of transaction, a check you write to a merchant for the purchase of goods and services is converted to an electronic transaction at the time of payment. You write out your check in the usual manner and give it to the merchant. The merchant will electronically read your check, mark it VOID and return it to you along with a special receipt detailing your now-electronic transaction. The merchant will request you to sign the receipt authorizing conversion of the check. Your monthly statement will describe your POP transactions including the check number and the merchant’s name. You may stop payment on a POP transaction if it has not already been paid and if you give us sufficient time to act on your request. You must also give us the dollar amount and the check number. If this information is not an exact match, we may not be able to stop the transaction. You will have to settle directly with the merchant about any disputes you have about goods and services for which you pay with a POP transaction. 2) Accounts Receivable Truncated Checks (ARC) – Some merchants or service providers that you pay on a regular basis, such as utilities and insurance companies, may convert the check you mail to them into an electronic debit from the acc...