Expedited Bill Payment Service Clause Samples
The Expedited Bill Payment Service clause establishes the terms under which a party can make faster payments for bills or invoices, typically through a specialized service or process. This clause outlines the eligibility criteria, any associated fees, and the timeframe within which payments will be processed, such as same-day or next-day settlement. Its core practical function is to provide a reliable mechanism for accelerating payments, which can help parties avoid late fees, improve cash flow, and ensure timely fulfillment of financial obligations.
Expedited Bill Payment Service. In addition to the Mobile and Online Banking and bill payment features listed above, if you are a First Merchants Bank customer with a checking account, you may participate in the optional Expedited Bill Payment Service. For an additional fee, you may pay your bills faster with Expedited Bill Payments, if you choose to pay your bill by Expedited Bill Payment, the following additional terms apply: A fee will be charged for the service, as disclosed in the then-current applicable Schedule of Fees in the Personal Checking and Savings Disclosures. Because these payments are processed quickly, you cannot stop an Expedited Bill Payment once you have placed an order for an Expedited Bill Payment. Expedited Electronic Payments are limited by the cut-off time established by the payee for accepting same day payments. Payee cut-off times vary by payee. Expedited Bill Payment can only be sent to payees with a valid street address within the continental United States. See FAQ’s for additional requirements and limitations.
Expedited Bill Payment Service. In addition to the Service and bill payment features listed above, if you are a customer of the Bank with a checking account, you may participate in the optional Expedited Bill Payment Service. For an additional fee, you may pay your bills faster with Expedited Bill Payments, if you choose to pay your bill by Expedited Bill Payment, the following additional terms apply: A fee will be charged for the service, as disclosed in the then-current applicable Schedule of Fees in the Business Checking and Savings Disclosures. Because these payments are processed quickly, you cannot stop an Expedited Bill Payment once you have placed an order for an Expedited Bill Payment. Expedited Electronic Payments are limited by the cut-off time established by the payee for accepting same day payments. Payee cut-off times vary by payee. Expedited Bill Payment can only be sent to payees with a valid street address within the continental United States. See FAQ’s for additional requirements and limitations.
Expedited Bill Payment Service. In addition to the online banking and bill payment features listed above, if you are a FMB customer with a checking account, you may participate in the optional Expedited Bill Payment Service. For an additional fee, you may pay your bills faster with Expedited Bill Payments, if you choose to pay your bill by Expedited Bill Payment, the following additional terms apply: A fee will be charged for the service, as disclosed in the then current applicable Fee Schedule. Because these payments are processed quickly, you cannot stop an Expedited Bill Payment once you have placed an order for an Expedited Bill Payment. Expedited Electronic Payments are limited by the cut-off time established by the payee for accepting same day payments. Payee cut-off times vary by payee. Expedited Bill Payment can only be sent to payees with a valid street address within the continental United States. See FAQ’s for additional requirements and limitations.