Common use of No Duty to Monitor Payments Clause in Contracts

No Duty to Monitor Payments. Abacus is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus will not be liable in any way for damages you incur for any of the following reasons:  insufficient funds in your Xxxx Payment Account to make the payment on the processing date;  delays in mail delivery;  changes to the payee's address or account number unless we've been advised of the change in advance  the failure of any payee to correctly account for or credit the payment in a timely manner, or  any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment Service, the time recorded by the Xxxx Payment Service will be considered the official time of the transaction. If your Xxxx Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Payment Service will automatically block future Xxxx Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus will not be liable in any way for damages you incur for any of the following reasons:  insufficient funds in your Xxxx Payment Account to make the payment on the processing date;  delays in mail delivery;  changes to the payee's address or account number unless we've been advised of the change in advance  failing to comply with any account requirements for more than one account signatory on transactions  the failure of any payee to correctly account for or credit the payment in a timely manner, or  any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment Service, the time recorded by the Xxxx Payment Service will be considered the official time of the transaction. If your Xxxx Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Payment Service will automatically block future Xxxx Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreementagreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  insufficient • Insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  delays date • Delays in mail delivery;  changes delivery • Changes to the payee's ’s address or account number unless we've ’ve been advised of the change in advance  the • The failure of any payee to correctly account for or credit the payment in a timely manner, or  any • Any other circumstances beyond the control of the Bank. Bank If the session during which you schedule a payment or transfer ends by and your request is received on or before 2:00 p.m.PM on any business day, the Bank will be considered to have received it your request on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment Service, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Payment Service attempts to make that payment until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mailmail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to make alternate arrangements for the payment or reschedule rescheduling the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus ETFCU is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus ETFCU will not be liable in any way for damages you incur for any of the following reasons:  insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  delays in mail delivery;  changes to the payee's address or account Account number unless we've been advised of the change in advance advance;  the failure of any payee to correctly account for or credit the payment in a timely manner, ; or  any other circumstances beyond the control of the Bank. ETFCU If the session during which you schedule a payment or transfer ends by 2:00 p.m.before 12:00 a.m., the Bank ETFCU will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your accountAccount, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account Account has sufficient funds to make the payment. The Bank ETFCU will attempt to notify you by e-mail email or U.S. Postal Mail, but the Bank ETFCU shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account Account to process a payment. In all cases, you are responsible for either contacting ETFCU at 000- 000-0000 or 000-000-0000 to make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Servicepayment. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  ▪ insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  ▪ delays in mail delivery;  ▪ changes to the payee's address or account number unless we've been advised of the change in advance  ▪ the failure of any payee to correctly account for or credit the payment in a timely manner, or  ▪ any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-e- mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the Service at 000-000-0000 to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Credit Union is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Credit Union will not be liable in any way for damages you incur for any of the following reasons:  : 1. insufficient funds in your Xxxx Payment e-Bill Pay Account to make the payment on the processing date;  ; 2. delays in mail delivery;  ; 3. changes to the payee's address or account number unless we've been advised of the change in advance  advance 4. the failure of any payee to correctly account for or credit the payment in a timely manner, or  or 5. any other circumstances beyond the control of the BankCredit Union. If the session during which you schedule a payment or transfer ends by 2:00 p.m.4:00 p.m. CST, the Bank Credit Union will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment e-Banking Service will be considered the official time of the transaction. If your Xxxx Payment e-Bill Pay Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Payment e-Bill Pay Service will automatically block future Xxxx Payment e-Bill Pay Service until the account has sufficient funds to make the payment. The Bank Credit Union will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank Credit Union shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the bill payment service provider (Checkfree) to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Servicethem. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  ▪ insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  ▪ delays in mail delivery;  ▪ changes to the payee's ’s address or account number unless we've ’ve been advised of the change in advance  ▪ the failure of any payee to correctly account for or credit the payment in a timely manner, or  ▪ any other circumstances beyond the control of the Bank. If the session during which you ▪ You have until 3:00 pm, Central Time, to schedule a payment or transfer ends by 2:00 p.m., to be processed for the Bank will be considered to have received it on that next banking business day. Otherwise, it will be considered received on the following business day and will be not be available for processing before the 2nd business day. For all entries made using the Xxxx Payment Service, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. ▪ If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  • insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  • delays in mail delivery;  • changes to the payee's address or account number unless we've been advised of the change in advance  • the failure of any payee to correctly account for or credit the payment in a timely manner, or  • any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m.11:00 a.m. on any business day, the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or mail, U.S. Postal Mail, or telephone, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the Bank at 0-000-000-0000 to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment ServiceBank. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected. Cancel or Change Payment Instructions. Payments must be changed or canceled using the Service prior to 11:00 a.m. on the business day the transaction is scheduled to be initiated. If you ask us to cancel a payment after it is issued and we agree to do so, we may charge you a stop payment fee. Stop payment orders whether oral, written, or electronic, will be in effect for a period of six (6) months. If requested by the Bank, you will confirm any stop payment order in writing. After six (6) months, any stop payment will terminate and must be renewed in order to continue in effect. The Bank may pay any item that is presented following the lapse of any stop payment order. No Signature Required. When any payment or other online Service generates items to be charged to your account, you agree that we may debit your Bill Payment account without requiring your signature on the item and without prior notice to you. Multiple Person Bill Payment Accounts. If more than one person has access to a Bill Payment account, each person may individually enroll in the Bill Pay service. Each enrolled person needs a unique password but may choose to use the same payee list. Each individual may terminate her/his enrollment in the Bill Payment service without affecting the Service for any other person enrolled in that Bill Payment account. However, any enrolled person may terminate the Bill Payment service that will terminate the service for all enrolled persons on that Bill Payment account. Stop Payment Service You may stop payment on a check by providing us with timely, complete and accurate information on: the number of the account in question; the date of the item; the item number; the payee information; and the EXACT amount of the item (dollars and cents). If any information is incomplete or incorrect, we will not be responsible for failing to stop payment on the item. Requests become effective when we confirm their receipt and have verified that the item has not been paid. From time-to-time, the on-line system may be inoperable. If that occurs, your request can be communicated to us by telephone or in writing. You may NOT stop payment on an electronic funds transfer to a payee once a transfer is authorized. Amending/Canceling a Transaction. Unless this Agreement or your Deposit Agreement provide otherwise, you do not have a right to cancel or amend a payment or transfer instruction once we have received it. If we attempt to reverse a transaction at your request, we assume no liability for any interest or losses that result if the reversal is not affected. Requests to cancel a transaction must state the exact amount (dollars and cents) of the transaction you wish to stop. You agree to indemnify, defend, hold harmless and reimburse us for all expenses, losses, claims, actions, proceedings and damages we incur in effecting or attempting to effect any reversal. You are solely responsible for providing notice to the receiver/beneficiary that a reversal is being transmitted and the reason for the reversal no later than the settlement date of the reversing entry. Our Rejection of Transactions We may refuse any transfer or payment instruction without cause or prior notice. Notice of Returned Payments or Transfers We may notify you electronically, in writing, by telephone, or otherwise if any funds transfer is rejected or returned for any reason. We will not be obligated to credit your account with any interest unless the return is caused by our failure to properly execute your instruction. Unauthorized Transactions We may process any payment or transfer instruction (including an amendment or cancellation instruction) that we believe is transmitted or authorized by you if we act in compliance with the security procedures (e.g., we obtain the Security Code) you and we have agreed upon for the Service. The instructions will be deemed effective as if made by you, and you will be obligated to pay us in the amount of such transactions, even though they are not transmitted or authorized by you. We may elect to verify the authenticity or content of any instruction, as an alternative security procedure, by placing a call to any authorized signer on your account or any other person designated by you for that purpose. If we are unable to verify an instruction to our satisfaction, we may reject the instruction. Transaction Limits and Safeguards. You agree not to exceed the Service transaction limits we establish from time to time for your account. You agree that you will not allow anyone to initiate transfer or payment instructions on your behalf without proper supervision and adequate safeguards, and that you will review pending payment and transfer instructions prior to their submission to us to ensure that they are complete, accurate and properly authorized. Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  • insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  • delays in mail delivery;  • changes to the payee's address or account number unless we've been advised of the change in advance  • the failure of any payee to correctly account for or credit the payment in a timely manner, or  • any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m.11:00 a.m. on any business day, the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the Service at 0-000-000-0000 to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected. Cancel or Change Payment Instructions. Payments must be changed or canceled using the Service prior to 11:00 a.m. on the business day the transaction is scheduled to be initiated. If you ask us to cancel a payment after it is issued and we agree to do so, we may charge you a stop payment fee. Stop payment orders whether oral, written, or electronic, will be in effect for a period of six (6) months. If requested by the Bank, you will confirm any stop payment order in writing. After six (6) months, any stop payment will terminate and must be renewed in order to continue in effect. The Bank may pay any item that is presented following the lapse of any stop payment order. No Signature Required. When any payment or other online Service generates items to be charged to your account, you agree that we may debit your Bill Payment account without requiring your signature on the item and without prior notice to you. Multiple Person Bill Payment Accounts. If more than one person has access to a Bill Payment account, each person may individually enroll in the Bill Pay service. Each enrolled person needs a unique password but may choose to use the same payee list. Each individual may terminate her/his enrollment in the Bill Payment service without affecting the Service for any other person enrolled in that Bill Payment account. However, any enrolled person may terminate the Bill Payment service that will terminate the service for all enrolled persons on that Bill Payment account.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  delays in mail delivery;  changes to the payee's address or account number unless we've been advised of the change in advance  the failure of any payee to correctly account for or credit the payment in a timely manner, or  any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  • insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  • delays in mail delivery;  • changes to the payee's address or account number unless we've been advised of the change in advance  • the failure of any payee to correctly account for or credit the payment in a timely manner, or  • any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 4:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the Service at 000-000-0000 to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus The Bank is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus The Bank will not be liable in any way for damages you incur for any of the following reasons:  insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  delays in mail delivery;  changes to the payee's address or account number unless we've been advised of the change in advance with sufficient time to act;  the failure of any payee to correctly account for or credit the payment in a timely manner, or  any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m.p.m. Mountain Time, the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Payment ServiceServices, the time recorded by the Xxxx Payment Online Banking Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible for either contacting the Service at (000)000-0000 or (000)000-0000 to either make alternate arrangements for the payment or reschedule the payment through the Xxxx Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.

No Duty to Monitor Payments. Abacus Xxxxxx is only responsible for exercising ordinary care in processing and sending payments upon your authorization in accordance with this Agreement. Abacus will not be liable in any way for damages you incur for any of the following reasons:  • insufficient funds in your Xxxx Bill Payment Account to make the payment on the processing date;  • delays in mail delivery;  • changes to the payee's address or account number unless we've been advised of the change in advance  • the failure of any payee to correctly account for or credit the payment in a timely manner, or  • any other circumstances beyond the control of the Bank. If the session during which you schedule a payment or transfer ends by 2:00 p.m., the Bank will be considered to have received it on that day. Otherwise, it will be considered received on the following business day. For all entries made using the Xxxx Bill Payment Service, the time recorded by the Xxxx Bill Payment Service will be considered the official time of the transaction. If your Xxxx Bill Payment Account does not have sufficient funds to make a payment as of the date the payment is debited to your account, the Xxxx Bill Payment Service will automatically block future Xxxx Bill Payment Service until the account has sufficient funds to make the payment. The Bank will attempt to notify you by e-mail or U.S. Postal Mail, but the Bank shall have no obligation or liability if it does not complete a payment because there are insufficient funds in your account to process a payment. In all cases, you are responsible to make alternate arrangements for the payment or reschedule the payment through the Xxxx Bill Payment Service. In the case of fixed payments, only the payment currently scheduled will be impacted. Fixed payments scheduled for future dates will not be affected.