Making/Scheduling Payments. You may use the Bill Payment Service to authorize recurring payments or non- payments. Recurring payments are payments that you schedule in advance to recur at substantially regular intervals in the same amount to the same Payee. Recurring Payments may be scheduled for up to (10) years. Non-recurring Payments are a simple, one-time Payment to a specified Payee. Non-recurring Payments may be scheduled to be initiated up to (18) months in advance. Payments are processed Monday through Friday at 1PM Central Time, except on Federal holidays. If you attempt to schedule a payment on a weekend or Federal holiday, you will be prompted to select a different date, or the Payment will be processed on the preceding business day if it is an auto recurring Payment. The Payment method may be electronic or by check. The first payment to a Merchant must be selected at least five (5) business days prior to the due date for each payment (recurring or variable) to allow adequate time for the Payment to reach the Payee. The due date is the date that the Merchant has designated for payment, and should not be adjusted for any grace period or late date accommodations the Merchant may provide. Once the Service has been notified whether a Merchant accepts electronic payments or requires a paper check, after making the first Payment to that Merchant, the Service will display a message indicating that the Merchant requires either a two (2) day lead time for an electronic payment, or a five (5) day lead time if a paper check sent by regular mail is required. Any Payment made with the bill Payment Service requires sufficient time for your Payee to credit your account with them properly. To avoid incurring a finance charge or other charge, you must schedule a Payment sufficiently in advance of the due date of your payment. If you fail to schedule your payment according to the recommended timeframe, we will not be responsible for the late fees or finance charges. We will not be liable if any third party, through whom any Payment is made, fails to properly transmit the Payment to the intended Payee. You agree to have available collected funds on deposit in the Account you designate in amounts sufficient to pay for all Payments requested, as well as any other payment obligations you have to us. We reserve the right to disable access to the bill pay service if you fail to comply with this requirement or any other terms of this agreement. You further agree that we, at our opinion, may charge...
Making/Scheduling Payments. You may use the Xxxx Payment Service to authorize recurring Payments and non-recurring Payments. Recurring Payments are Payments that you schedule in advance to take place at substantially regular intervals in the same amount to the same Merchant. Recurring Payments will continue until you cancel them or until a termination date you have specified is reached. Non-recurring Payments are a single, one-time Payment to a specified Merchant. Non-recurring Payments may be scheduled for initiation up to three hundred and sixty-four (364) days in advance. Xxxx Payments are processed Monday through Friday at 9:00 p.m. (prevailing Eastern Time) except on observed federal holidays. If you attempt to schedule a Payment to occur on a weekend or federal holiday, you will be prompted to select a different date, or the Payment will be processed on the following Business Day if it is a recurring Payment. The first Payment to a Merchant must be scheduled at least five (5) Business Days prior to the Due Date for that Payment (recurring or non-recurring) to allow adequate time for the Payment to reach the Merchant. After the first Payment is processed and we have determined whether a Merchant accepts electronic payments or requires a paper check, the Service will display a message indicating that the Merchant requires either a two (2) day lead time for an electronic payment, or a five (5) day lead time if a paper check sent by regular mail is required.
Making/Scheduling Payments. You may use the Bill Payment Service to authorize recurring Payments and non-recurring Payments. Recurring Payments are Payments that you schedule in advance to take place at substantially regular intervals in the same amount to the same Merchant. Recurring Payments will continue until you cancel them or until a termination date you have specified is reached. Non- recurring Payments are a single, one-time Payment to a specified Merchant. Non-recurring Payments may be scheduled for initiation up to three hundred and sixty four (364) days in advance.
Making/Scheduling Payments. You may use the Bill Payment Service to authorize recurring payments or non-recurring (single) payments. A non-recurring (single) payment will be processed on the Business Day (generally Monday through Friday, except certain holidays) that you designate as the Payment’s processing date, provided the Payment is submitted prior to the daily cut-off time on that date. The daily cut-off time is 3:00 p.m. ET, or as may otherwise be displayed from time to time on the Bill Payment Service’s site. A single Payment submitted after the cut-off time on the designated processing date will typically be processed on the next Business Day. If you designate a non-Business Day (generally weekends 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 Day (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 Day 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 Day after the calculated processing date. We limit the amount of each individual Bill Payment Service transaction to $25,000 and this limit may be adjusted by us in our sole discretion. The Payment method may be electronic or by check. Payments must be scheduled at least five (5) Business Days for check Payments and two (2) Business Days for electronic Payments prior to the due date to allow adequate time for the Payment to reach the Payee and to avoid incurring a possible finance charge or other charge from the Payee. The due date is the date the Merchant has designated for Payment, and should not be adjusted for any grace period or late date accommodations the Merchant may provide. Due to factors beyond our control such as the U.S. Mail and Payment processing at the Merchant, it is not guaranteed that a Payment will post by the fifth Business Day (or second Business Day, if issued electronically). If you fail to schedule you...
Making/Scheduling Payments. Payments can be made for one-time-only or scheduled for recurring until you stop automatic Payments or until a specified number of Payments are sent. Payments are processed Monday through Friday at 2PM Eastern Time, except on Federal holidays. If you attempt to schedule a Payment on a weekend or Federal holiday, you will be prompted to select a different date, or the Payment will be processed on the preceding business day if it is an auto recurring Payment. The Payment method may be electronic or by check. The first Payment to a Merchant must be scheduled at least five (5) business days prior to the due date for each Bill Payment (recurring or variable) to allow adequate time for the Payment to reach the Payee. The due date is the date the Merchant has set for Payment, and should not be adjusted for any grace period or late date accommodations the Merchant may provide. Funds for scheduled Bill Payments will process as follows: For Merchants who are set-up to receive transactions electronically, funds will be withdrawn from your Account the day after processing. For Payments that are processed by check, funds will be withdrawn from your Account when the Merchant or individual deposits and/or cashes the check at their financial institution. Any Payments made with Bill Pay require sufficient time for your Payee to credit your account with them properly. To avoid incurring a finance charge or other charge, you must schedule a Payment sufficiently in advance of the due date of your Payment. If you fail to schedule your Payment according to the recommended timeframe, we will not be responsible for the late fees or finance charges. We will not be responsible for any charges imposed or any other action taken by a Payee resulting from a Payment that you have not scheduled properly, including any applicable finance charges or late fees. If you need to expedite a payment through Bill Pay, a fee will apply. Paper checks are mailed to the address you supply. North Georgia Credit Union will not be responsible for processing incorrect information, which is supplied by you through Bill Pay, or for failure of the Payment to process due to incorrect information. In addition, we will not be liable if any third party, through whom any Payment is made, fails to properly transmit the Payment to the intended Payee. We will also not be liable if there are insufficient funds or credit availability in your designated Payment Account or overdraft protection plan, if a legal order pr...
Making/Scheduling Payments. You may use the Bill Payment Service to authorize recurring payments or non- recurring (single) Payments. A non-recurring (single) Payment will be processed on the Business Day (generally Monday through Friday, except holidays) that you designate as the Payment’s processing date, provided the Payment is submitted prior to the daily cut-off time on that date. The daily cut-off time is 3:00 pm Eastern Time. A single Payment submitted after the cut-off time on the designated process date will typically be processed on the next Business Day. Except as set forth below, if you designate a non-business date (generally weekends and certain holidays) as the Payment’s processing date, the Payment will be processed on the first Business Day following the designated processing date. Change or Delete Payments/Stop Payments. A Payment can only be changed or cancelled while it is pending. We will honor a stop payment request by the person who signed/ authorized the particular item, and, by any other person authorized to make withdrawals, even though such other person did not sign/ authorize the item. We shall not be liable to you for a cancel or stop payment request if your request is not presented to us with adequate time to cancel or change a Payment request. If you stop payment on an item and we incur any damages or expenses because of the stop payment, you agree to indemnify us for those damages or expenses, including attorneys’ fees. You assign to us all rights against the payee or any other holder of the item. You agree to cooperate with us in any legal actions that we may take against such persons. You should be aware that anyone holding the item may be entitled to enforce payment against you despite the stop payment order. Once a Payment has cleared, you can no longer stop or cancel payment.
