Common use of Processing Bill Pay Transactions Clause in Contracts

Processing Bill Pay Transactions. You authorize us to process bill payments from your designated account(s). You may use the Online Bill Pay service to initiate the following payment transactions: • “Future” payments are payments that you initiate in advance by setting the payment amount and due date. The payment can be canceled or changed through Online Bill Pay up until 7:00 p.m. (Pacific Time) the night before the Scheduled Debit Date. • “Recurring” payments are payments that are reoccurring on a fixed due date and fixed amount. You have an option in the Online Bill Pay system to set Automatic Payments to continue indefinitely or set a maturity date. The payment can be canceled or changed through Online Bill Pay up until 7:00 p.m. (Pacific Time) the night before the Scheduled Debit Date.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, www.rivermarkcu.org

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Processing Bill Pay Transactions. You authorize us to process bill payments from your designated account(s). You may use the Online Bill Pay service to initiate the following payment transactions: • "Future" payments are payments that you initiate in advance by setting the payment amount and due date. The payment can be canceled or changed through Online Bill Pay up until 7:00 p.m. (Pacific Time) the night before the Scheduled Debit Date. • "Recurring" payments are payments that are reoccurring on a fixed due date and fixed amount. You have an option in the Online Bill Pay system to set Automatic Payments to continue indefinitely or set a maturity date. The payment can be canceled or changed through Online Bill Pay up until 7:00 p.m. (Pacific Time) the night before the Scheduled Debit Date.

Appears in 1 contract

Samples: Electronic Funds Transfer Agreement

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