Common use of Bill Pay Clause in Contracts

Bill Pay. With your Account, you have access to the bill payment feature (“Bill Pay”) through the App. Bill Pay allows you to authorize Oxygen and the Bank to make bill payments on your behalf to third parties. To initiate a bill payment using Bill Pay, you must provide us with the name and mailing address of each individual or company you wish to pay. Once a Bill Pay payment is authorized, the payment amount will be immediately deducted from your Account balance. Payments made using Bill Pay take the form of a paper check we send to the payee on your behalf using standard U.S. Postal Service mail. Please allow three to nine (3-9) business days for delivery of the check. Payments can only be sent to addresses located within the fifty (50) states of the U.S. Bill Pay payments are processed daily by 8 AM MT. Bill Pay payments initiated after 8 AM MT will be processed by 8 AM MT the next business day. Oxygen reserves the right to refuse to process payments to any individual or company. If the decision is made to refuse to process a payment Oxygen will notify you on or before the next business day. These are the limits when using Bill Pay: Bill Pay Payment(s) No limit to the number of payments per calendar day; Up to $5,000.00 per payment, maximum of $5,000.00 per calendar month Bill Pay payments may be refused or returned by the individual or company to whom the payment was issued. The determination to accept this method of payment is at the discretion of the recipient. The U.S. Postal Service may also return payments in cases of expired or invalid addresses. If the Bill Pay payment is returned for any reason, the payment will be voided, and the full amount credited to your Account the next business day. There is no fee to use Bill Pay.

Appears in 7 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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Bill Pay. With your Account, you have access to the bill payment feature (“Bill Pay”) through the App. Bill Pay allows you to authorize Oxygen and the Bank to make bill payments on your behalf to third parties. To initiate a bill payment using Bill Pay, you must provide us with the name and mailing address of each individual or company you wish to pay. Once a Bill Pay payment is authorized, the payment amount will be immediately deducted from your Account balance. Payments made using Bill Pay take the form of a paper check we send to the payee on your behalf using standard U.S. Postal Service mail. Please allow three to nine (3-9) business days for delivery of the check. Payments can only be sent to addresses located within the fifty (50) states of the U.S. Bill Pay payments are processed daily by 8 AM MT. Bill Pay payments initiated after 8 AM MT will be processed by 8 AM MT the next business day. Oxygen reserves the right to refuse to process payments to any individual or company. If the decision is made to refuse to process a payment Oxygen will notify you on or before the next business day. These are the limits when using Bill Pay: Transaction Type Frequency and/or Dollar Limits* Bill Pay Payment(s) No limit to the number of payments per calendar day; Up to $5,000.00 5,000 per payment, maximum of $5,000.00 5,000 per calendar month Bill Pay payments may be refused or returned by the individual or company to whom the payment was issued. The determination to accept this method of payment is at the discretion of the recipient. The U.S. Postal Service may also return payments in cases of expired or invalid addresses. If the Bill Pay payment is returned for any reason, the payment will be voided, and the full amount credited to your Account the next business day. There is no fee to use Bill Pay.

Appears in 3 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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Bill Pay. With your Account, you have access to the bill payment feature (“Bill Pay”) through the AppPlatform. Bill Pay allows you to authorize Oxygen and the Bank to make bill payments on your behalf to third parties. To initiate a bill payment using Bill Pay, you must provide us with the name and mailing address of each individual or company you wish to pay. Once a Bill Pay payment is authorized, the payment amount will be immediately deducted from your Account balance. Payments made using Bill Pay take the form of a paper check we send to the payee on your behalf using standard U.S. Postal Service mail. Please allow three to nine (3-9) business days for delivery of the check. Payments can only be sent to addresses located within the fifty (50) states of the U.S. Bill Pay payments are processed daily by 8 AM MT. Bill Pay payments initiated after 8 AM MT will be processed by 8 AM MT the next business day. Oxygen reserves the right to refuse to process payments to any individual or company. If the decision is made to refuse to process a payment Oxygen will notify you on or before the next business day. These are the limits when using Bill Pay: Bill Pay Payment(s) No limit to the number of payments per calendar day; Up to $5,000.00 per payment, maximum of $5,000.00 per calendar month Bill Pay payments may be refused or returned by the individual or company to whom the payment was issued. The determination to accept this method of payment is at the discretion of the recipient. The U.S. Postal Service may also return payments in cases of expired or invalid addresses. If the Bill Pay payment is returned for any reason, the payment will be voided, and the full amount credited to your Account the next business day. There is no fee to use Bill Pay.was

Appears in 1 contract

Samples: Deposit Account Agreement

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