Common use of Online Banking Bill Pay Processing Clause in Contracts

Online Banking Bill Pay Processing. Glenwood State Bank customers with a consumer deposit account may use the Bill Pay product in the following manner: • Payments can be scheduled from linked checking accounts. • Payments can be entered as a 1-time transaction up to a year in advance, recurring transactions or as payments that are automatically scheduled upon the receipt of an electronic bill (e-Bill). • Payments entered on our system before 1:00 p.m. Central Time on a bank business day will be scheduled and begin processing on the same bank business day. Payments that are entered after this cut-off time or on a day that is a non-bank business day will be scheduled and processed the next bank business day. • Scheduled recurring payments that fall on a weekend or a non-bank business day will be processed on the next bank business day. • You authorize us to make payments in the manner we select from the following methods: o Electronic transmission. Most payments are made by electronic transmission. o Paper check - This is a check drawn on your account based on your authorization under this Agreement. • Scheduling Bill Pays o The scheduled delivery date is the date you enter for the payment to be delivered to the payee. The payment amount will be debited from, or charged to the account that you designate on the scheduled processing date, if payment is by electronic transmission. If payment is made by check, it will process through your account once it is cashed or deposited, just like any other check that you have written. If the scheduled delivery date is a weekend or non-bank business day, then the delivery date will be the next bank business day. o When you attempt to schedule a payment, we will inform you of the earliest available delivery date. To assure timely payment you must schedule payments and your account must be in good standing at the time of processing. If you do not, or if for any reason your account is not in good standing, you will be fully responsible for all late fees, finance charges or other action taken by the payee. If we are unable to complete the payment because of insufficient funds in your account or some other reason, we will send you an alert to the email address you have provided with this Agreement. We will also notify you if your account is no longer in good standing and eligible to be used for Bill Pay.

Online Banking Bill Pay Processing. Glenwood Xxxxx State Bank customers with a consumer deposit account may use the Bill Pay product in the following manner: • Payments can be scheduled from linked checking accounts. • Payments can be entered as a 1-time transaction up to a year in advance, recurring transactions or as payments that are automatically scheduled upon the receipt of an electronic bill (e-Bill). • Payments entered on our system before 1:00 p.m. Central Time on a bank business day will be scheduled and begin processing on the same bank business day. Payments that are entered after this cut-off time or on a day that is a non-bank business day will be scheduled and processed the next bank business day. • Scheduled recurring payments that fall on a weekend or a non-bank business day will be processed on the next bank business day. • You authorize us to make payments in the manner we select from the following methods: o Electronic transmission. Most payments are made by electronic transmission. o Paper check - This is a check drawn on your account based on your authorization under this Agreement. • Scheduling Bill Pays o The scheduled delivery date is the date you enter for the payment to be delivered to the payee. The payment amount will be debited from, or charged to the account that you designate on the scheduled processing date, if payment is by electronic transmission. .. If payment is made by check, it will process through your account once it is cashed or deposited, deposited just like any other check that you have written. If the scheduled delivery date is a weekend or non-bank business day, then the delivery date will be the next bank business day. o When you attempt to schedule a payment, we will inform you of the earliest available delivery date. To assure timely payment you must schedule payments and your account must be in good standing at the time of processing. If you do not, or if for any reason your account is not in good standing, you will be fully responsible for all late fees, finance charges or other action taken by the payee. If we are unable to complete the payment because of insufficient funds in your account or some other reason, we will send you an alert to the email address you have provided with this Agreement. We will also notify you if your account is no longer in good standing and eligible to be used for Bill Pay.

Online Banking Bill Pay Processing. Glenwood State Bank customers with a consumer deposit account may use the Bill Pay product in the following manner: • Payments can be scheduled from linked checking accounts. • Payments can be entered as a 1-time transaction up to a year in advance, recurring transactions or as payments that are automatically scheduled upon the receipt of an electronic bill (e-Bill). • Payments entered on our system before 1:00 p.m. Central Time on a bank business day will be scheduled and begin processing on the same bank business day. Payments that are entered after this cut-off time or on a day that is a non-bank business day will be scheduled and processed the next bank business day. • Scheduled recurring payments that fall on a weekend or a non-bank business day will be processed on the next bank business day. • You authorize us to make payments in the manner we select from the following methods: o Electronic transmission. Most payments are made by electronic transmission. o Paper check - This is a check drawn on your account based on your authorization under this Agreement. • Scheduling Bill Pays o The scheduled delivery date is the date you enter for the payment to be delivered to the payee. The payment amount will be debited from, or charged to the account that you designate on the scheduled processing date, if whether payment is by electronic transmission. If payment is made transmission or by paper check, it will process through your account once it is cashed or deposited, just like any other check that you have written. If the scheduled delivery date is a weekend or non-bank business day, then the delivery date will be the next bank business day. o When you attempt to schedule a payment, we will inform you of the earliest available delivery date. To assure timely payment you must schedule payments and your account must be in good standing at the time of processing. If you do not, or if for any reason your account is not in good standing, you will be fully responsible for all late fees, finance charges or other action taken by the payee. If we are unable to complete the payment because of insufficient funds in your account or some other reason, we will send you an alert to the email address you have provided with this Agreement. We will also notify you if your account is no longer in good standing and eligible to be used for Bill Pay.

Online Banking Bill Pay Processing. Glenwood Xxxxx State Bank customers with a consumer deposit account may use the Bill Pay product in the following manner: • Payments can be scheduled from linked checking accounts. • Payments can be entered as a 1-time transaction up to a year in advance, recurring transactions or as payments that are automatically scheduled upon the receipt of an electronic bill (e-Bill). • Payments entered on our system before 1:00 p.m. Central Time on a bank business day will be scheduled and begin processing on the same bank business day. Payments that are entered after this cut-off time or on a day that is a non-bank business day will be scheduled and processed the next bank business day. • Scheduled recurring payments that fall on a weekend or a non-bank business day will be processed on the next bank business day. • You authorize us to make payments in the manner we select from the following methods: o Electronic transmission. Most payments are made by electronic transmission. o Paper check - This is a check drawn on your account based on your authorization under this Agreement. • Scheduling Bill Pays o The scheduled delivery date is the date you enter for the payment to be delivered to the payee. The payment amount will be debited from, or charged to the account that you designate on the scheduled processing date, if whether payment is by electronic transmission. If payment is made transmission or by paper check, it will process through your account once it is cashed or deposited, just like any other check that you have written. If the scheduled delivery date is a weekend or non-bank business day, then the delivery date will be the next bank business day. o When you attempt to schedule a payment, we will inform you of the earliest available delivery date. To assure timely payment you must schedule payments and your account must be in good standing at the time of processing. If you do not, or if for any reason your account is not in good standing, you will be fully responsible for all late fees, finance charges or other action taken by the payee. If we are unable to complete the payment because of insufficient funds in your account or some other reason, we will send you an alert to the email address you have provided with this Agreement. We will also notify you if your account is no longer in good standing and eligible to be used for Bill Pay.