Common use of BILLPAY PAYMENT METHODS Clause in Contracts

BILLPAY PAYMENT METHODS. We will make payments you have scheduled through our BillPay service either electronically or by check. Although you will not be able to select how a Xxxxxx will be paid, most major Billers accept electronic payments. We encourage you to provide as much information as possible when setting up a Xxxxxx so that we can match your Billers to those in our database that accept electronic payments. If we pay by check, the check may either be drawn on our operating account or it may be drawn directly on your account. If a Xxxxxx is paid electronically, the Xxxxxx will receive the electronic payment on the Scheduled Payment Date, or in some cases before. Electronic payments are deducted from your Payment Account on the Scheduled Payment Date, even if your Xxxxxx credits you sooner. Digital Banking Agreement 15 / 26 If a Xxxxxx is paid by check, we prepare and mail the check so that it will generally arrive at the Xxxxxx on the Scheduled Payment Date. If the check is drawn on our operating account, we will deduct the amount of your payment from your Payment Account on the Scheduled Payment Date. If the check is drawn directly on your account, the payment will be deducted when the Xxxxxx cashes the check and it is presented to us for payment. Depending upon the speed of the U.S. Postal Service and your Xxxxxx, this may occur before your Scheduled Payment Date. Make sure you have sufficient funds in your Payment Account as you schedule your payments. Also, if the check is drawn directly on your account, it will be returned to you in the same way as any other check you have written, with your monthly statement in the format specified in your Statement Check Options. It will look a little differently from the checks you write and will bear a six-digit check number that begins with “99.” If we pay a Xxxxxx using a check drawn on our account and the Xxxxxx does not deposit the check within 90 days, we will automatically stop payment of the check and re-credit your account. If we pay a Xxxxxx by a check drawn directly on your account and it is not deposited within 180 days, you will need to contact us or send an email to request a stop payment on this check. You will need to either schedule a new payment or arrange to pay the Xxxxxx using another method.

BILLPAY PAYMENT METHODS. We will make payments you have scheduled through our BillPay service either electronically or by check. Although you will not be able to select how a Xxxxxx will be paid, most major Billers accept electronic payments. We encourage you to provide as much information as possible when setting up a Xxxxxx so that we can match your Billers to those in our database that accept electronic payments. If we pay by check, the check may either be drawn on our operating account or it may be drawn directly on your account. If a Xxxxxx is paid electronically, the Xxxxxx will receive the electronic payment on the Scheduled Payment Date, or in some cases before. Electronic payments are deducted from your Payment Account on the Scheduled Payment Date, even if your Xxxxxx credits you sooner. Digital Banking Agreement 15 / 26 If a Xxxxxx is paid by check, we prepare and mail the check so that it will generally arrive at the Xxxxxx on the Scheduled Payment Date. If the check is drawn on our operating account, we will deduct the amount of your payment from your Payment Account on the Scheduled Payment Date. If the check is drawn directly on your account, the payment will be deducted when the Xxxxxx cashes the check and it is presented to us for payment. Depending upon the speed of the U.S. Postal Service and your Xxxxxx, this may occur before your Scheduled Payment Date. Make sure you have sufficient funds in your Payment Account as you schedule your payments. Also, if the check is drawn directly on your account, it will be returned to you in the same way as any other check you have written, with your monthly statement in the format specified in your Statement Check Options. It will look a little differently from the checks you write and will bear a six-digit check number that begins with “99.” If we pay a Xxxxxx using a check drawn on our account and the Xxxxxx does not deposit the check within 90 days, we will automatically stop payment of the check and re-credit your account. If we pay a Xxxxxx by a check drawn directly on your account and it is not deposited within 180 days, you will need to contact us or send an email to request a stop payment on this check. You will need to either schedule a new payment or arrange to pay the Xxxxxx using another method.. Digital Banking Agreement 16 / 26