Scheduling Payments. In general, you will need to allow at least three (3) business days to ensure on-time payment for an ACH transaction and five (5) business days if the payment is to be made by issuing and mailing a paper check to the payee. If you are not sure whether a payment will be sent by automated clearing house transaction or paper check, you should allow at least five (5) business days before the payment due date (not including any applicable grace period). This generally allows sufficient time for the payee to receive and process the payment. The Bank is not responsible for delays in the U.S. mail or for processing delays by the payee. The Bank is not liable for any late charges imposed by the payee except as otherwise provided under this Agreement.
Appears in 7 contracts
Samples: Online and Mobile Banking Agreement, Online and Mobile Banking Agreement, Online and Mobile Banking Agreement
