Common use of Scheduling Payments Clause in Contracts

Scheduling Payments. You may electronically schedule a payment using the Xxxx Payment Services. Payments may be made in any amount of not less than $1.00 and not exceeding $25,000.00 ("Payment Range"). Your total electronic payments for any given Business Day may not exceed $25,000.00 ("Daily Payment Range"). Bank reserves the right to change the Payment Range and/or the Daily Payment Range at any time. Such changes will be effective upon Bank’s implementation and posting of such on its systems or website. Furthermore, Bank reserves, in Bank’s sole discretion, to allow exceptions to the Payment Range and Daily Payment Range based upon certain criteria including, but not limited to total relationship with Bank, your credit scores, and/or special requests. As part of the Xxxx Payment Services, you will designate the Account for payments to be deducted and if you set up payments for recurring payments, then you will receive notification of the amount to be paid from your designated Account, at least five (5) Business Days prior to the funds being withdrawn from your Account.