Common use of EST Clause in Contracts

EST. A single payment submitted after the cut-off time on the designated process date will be processed on the next business day. If you designate a non-business date (generally weekend and certain holidays) as the payment’s processing date, the payment will be processed on the first business day following the designated processing date. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date. The system will calculate the estimated arrival date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. Please note that 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 the month is used as the calculated processing date. Each Payee record contains an indicator on the payment method of “Check” or “Electronic”. It is your responsibility to allow sufficient time from the withdrawal date for check or electronic payments to be received and processed by your Payee. It may take one to two business days for electronic payments and up to seven business days for check payments to be received and processed by your Payee. Check payments may be delayed by the Payee processor. The Credit Union will not be responsible for such delays. Xxxx Pay checks are void after ninety (90) days from the issue date. We may from time to time send you an email notification reminder whenever a check payment had not cleared. You are responsible for any late payments, late fees, interest payments and service fees charged by your payee(s) and for allowing sufficient time for xxxx payments to be processed so that funds can be delivered to the payee on or before the due date. Xxxx Pay transactions will be shown on your periodic statement for your Eligible Transaction Account.

EST. A single payment submitted after the cut-off time on the designated process date will be processed on the next business day. If you designate a non-business date (generally weekend and certain or federal holidays) as the payment’s processing payments process date, the payment will be processed on the first next business day following the designated processing process date. Recurring Payments - When a recurring payment is processed, it is automatically rescheduled scheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the it will default your next occurrence of the payment. If the calculated processing process date is a non-business date (generally weekends and certain weekend or federal holidays), it is adjusted based upon the following rules: • If the recurring payment’s “"Pay Before” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing scheduled process date. • If the recurring payment’s “"Pay After” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing scheduled process date. The system will calculate the estimated arrival date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. Please note that if Note: 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 scheduled process date, then the last calendar day of that month will become the month new process date. Returned Payments/Payment Corrections Payments may be returned by the payee’s financial institution for various reasons. In the event a payment is used returned, the funds will be deposited back into your account within 1-2 business days of being notified. The payee will be deleted from your list of payees as the calculated processing information provided is no longer valid. In order to reprocess the payment, you will need to add a new payee with the updated account information. Payees may be updated for various reasons: modified to electronic payment from check payment, addresses may also be modified as payees provide updates to the third party processor. This process occurs when information is provided from the payee’s financial institution that a change is needed to process the payment correctly. A payee may be deleted in the event the company no longer accepts electronic payments. Note: Assistance is available to update or change payments and payees. Single and Recurring Payments The system will provide the estimated arrival date of your payment. Please note this is only an estimate and the actual arrival may differ. Please allow ample time for your payments to reach your payee. Cancelling a Payment A bill payment can be changed or cancelled, any time prior to the cutoff time on the scheduled process date. Each Payee record contains an indicator on In the event a payment method of “Check” or “Electronic”. It is your responsibility was sent in error, you have until 12pm the next business day to allow sufficient time from contact the withdrawal date for check or electronic payments to be received and processed by your Payee. It may take one to two business days for electronic payments and up to seven business days for check payments to be received and processed by your Payee. Check payments may be delayed by the Payee processor. The Credit Union will not be responsible for such delays. Xxxx Pay checks are void after ninety (90) days from to cancel the issue date. We may from time to time send you an email notification reminder whenever a check payment had not cleared. You are responsible for any late payments, late fees, interest payments and service fees charged by your payee(s) and for allowing sufficient time for xxxx payments to be processed so that funds can be delivered to the payee on or before the due date. Xxxx Pay transactions will be shown on your periodic statement for your Eligible Transaction Accountpayment.

EST. A single payment submitted after the cut-off time on the designated process date will be processed on the next business day. If you designate a non-business date (generally weekend and certain holidays) as the payment’s processing date, the payment will be processed on the first business day following the designated processing date. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date. The system will calculate the estimated arrival date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. Please note that 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 the month is used as the calculated processing date. Each Payee record contains an indicator on the payment method of “Check” or “Electronic”. It is your responsibility to allow sufficient time from the withdrawal date for check or electronic payments to be received and processed by your Payee. It may take one to two business days for electronic payments and up to seven business days for check payments to be received and processed by your Payee. Check payments may be delayed by the Payee processor. The Credit Union will not be responsible for such delays. Xxxx Bill Pay checks are void after ninety (90) days from the issue date. We may from time to time send you an email notification reminder whenever a check payment had not cleared. You are responsible for any late payments, late fees, interest payments and service fees charged by your payee(s) and for allowing sufficient time for xxxx bill payments to be processed so that funds can be delivered to the payee on or before the due date. Xxxx Bill Pay transactions will be shown on your periodic statement for your Eligible Transaction Account.