Common use of Setting Up and Maintaining Payees Clause in Contracts

Setting Up and Maintaining Payees. To begin using the Service you will first need to establish at least one Payee in your Payee List. You may add, modify or delete Payees as necessary. It is your responsibility to manage your Payee List and maintain accurate Payee information, such as but not limited to the address to which the Payee specifies Payments are to be delivered, your account number with the Payee, the name on your account with the Payee, etc., except where the Service expressly indicates that it shall manage such Payee information, such as a Merchant’s remittance address. Payees must reside or exist within the United States of America or its territories or commonwealths. The Service provider and/or the Financial Institution reserve the right to refuse or remove a Payee for any reason. Setting Up Payments To schedule Payments you must choose a Payee from your Payee List. You may schedule One-Time Payments, Single Payments and Recurring Payments to any of your Payees. It is your responsibility to cancel, skip, reschedule or revise a Scheduled Payment in accordance with the Payee’s instructions to you, or as needed to ensure sufficient available funds in the corresponding Funding Account, or under circumstances where the Payee may return the Payment to the Service provider due to any reason outside the Service provider’s or the Financial Institution’s control. The Service provider and/or the Financial Institution reserve the right to refuse or cancel a Payment for any reason. The earliest possible Due Date/Deliver By Date for each Payee will be determined and presented by the Service when you schedule a Payment. The Service will not permit a Due Date/Deliver By Date earlier than the earliest possible dates presented. The Service determines this earliest possible Due Date/Deliver By Date based on the number of Business Days required to deliver a Payment to the Payee, which is primarily affected by whether or not the Payee has agreed to accept remittance of Payments electronically (typically one or two (1 or 2) Business Days) or requires Payments be delivered by check (typically four or five (4 or 5) Business Days). A Payee’s location or policies for posting and crediting payments may require additional Business Days. Payments scheduled after the Service’s Cut-Off Time shall be processed no earlier than the following Business Day. Currently, the Cut-Off Time is 4:00 p.m. Eastern Standard Time, but the Service provider and/or the Financial Institution may change the Cut-Off Time without prior notice. If you designate a non-business date (generally weekends and certain holidays) as the payment’s processing date, the payment will be processed the day immediately preceding or the business day following as indicated in the scheduled payment instructions. You should carefully consider factors such as the Payee’s date payment due, grace period, whether the Payee’s date payment due falls on a non-Business Day, etc, when scheduling a Payment to avoid late payments and late fees. You must allow the necessary number of Business Days prior to the Payee’s date payment due for each Payment, including each Payment of a Recurring Payment series. Some businesses take longer to post payments than others. You should consider allowing additional time for the initial Payment to a Payee through the Service in order to gauge the appropriate Pay Due Date/Deliver By Date in each case, and determine whether to allow an additional one (1) or two (2) business days to avoid incurring any late fee charged by the Merchant. It is your responsibility to schedule Payments appropriately and in accordance with the Payee’s requirements. Neither the Service provider nor the Financial Institution shall be responsible for late payments, nor reimburse you for late fees, for any Payment delivered in accordance with your instructions, or as a result of a Payee’s payment processing policies, or any other circumstance outside the Service provider’s control. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date. If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date. Payments to Payees, businesses or individuals, outside the United States of America or its territories or commonwealths, are prohibited. Expedited Payments The Service will allow you to make Expedited Payments using the funds in your Funding Account for a fee. An Expedited Payment may be delivered to the Payee via electronic fund transfer (ACH Debit) or paper check mailed through an overnight service depending on the Payees capabilities. Scheduled Payments are processed as batch transactions at the end of the Business Day. Expedited Payments, depending on the time the transaction was scheduled, may be processed with the Scheduled Payments, or immediately. Next day delivery of overnight checks may depend on the time of day that the transaction is scheduled, and is not guaranteed. There is a fee for processing Expedited Payment. These fees are disclosed in the Expedited Payment Terms and Conditions presented at the time of setting up an Expedited Payment.

Setting Up and Maintaining Payees. To begin using the Service you will first need to establish at least one Payee in your Payee List. You may add, modify or delete Payees as necessary. It is your responsibility to manage your Payee List and maintain accurate Payee information, such as but not limited to the address to which the Payee specifies Payments are to be delivered, your account number with the Payee, the name on your account with the Payee, etc., except where the Service expressly indicates that it shall manage such Payee information, such as a Merchant’s remittance address. Payees must reside or exist within the United States of America or its territories or commonwealths. The Service provider and/or the Financial Institution Credit Union reserve the right to refuse or remove a Payee for any reason. Setting Up Payments Payments. To schedule Payments you must choose a Payee from your Payee List. You may schedule One-Time Payments, Single Payments and Recurring Payments to any of your Payees. It is your responsibility to cancel, skip, reschedule or revise a Scheduled Payment in accordance with the Payee’s instructions to you, or as needed to ensure sufficient available funds in the corresponding Funding Account, or under circumstances where the Payee may return the Payment to the Service provider due to any reason outside the Service provider’s or the Financial InstitutionCredit Union’s control. The Service provider and/or the Financial Institution Credit Union reserve the right to refuse or cancel a Payment for any reason. The earliest possible Due Date/Deliver By Date for each Payee will be determined and presented by the Service when you schedule a Payment. The Service will not permit a Due Date/Deliver By Date earlier than the earliest possible dates presented. The Service determines this earliest possible Due Date/Deliver By Date based on the number of Business Days required to deliver a Payment to the Payee, which is primarily affected by whether or not the Payee has agreed to accept remittance of Payments electronically (typically one or two ([1 or 2) ] Business Days) or requires Payments be delivered by check (typically four or five ([4 or 5) ] Business Days). A Payee’s location or policies for posting and crediting payments may require additional Business Days. Payments scheduled after the Service’s Cut-Off Time shall be processed no earlier than the following Business Day. Currently, the Cut-Off Time is 4:00 3:00 p.m. Eastern Central Standard Time, but the Service provider and/or the Financial Institution Credit Union may change the Cut-Off Time without prior notice. If you designate a non-business date (generally weekends and certain holidays) as the payment’s processing date, the payment will be processed the day immediately preceding or the business day following as indicated in the scheduled payment instructions. You should carefully consider factors such as the Payee’s date payment due, grace period, whether the Payee’s date payment due falls on a non-Business Day, etc., when scheduling a Payment to avoid late payments and late fees. You must allow the necessary number of Business Days prior to the Payee’s date payment due for each Payment, including each Payment of a Recurring Payment series. Some businesses take longer to post payments than others. You should consider allowing additional time for the initial Payment to a Payee through the Service in order to gauge the appropriate Pay Due Date/Deliver By Date in each case, and determine whether to allow an additional one (1) or two (2) business days to avoid incurring any late fee charged by the Merchant. It is your responsibility to schedule Payments appropriately and in accordance with the Payee’s requirements. Neither the Service provider nor the Financial Institution Credit Union shall be responsible for late payments, nor reimburse you for late fees, for any Payment delivered in accordance with your instructions, or as a result of a Payee’s payment processing policies, or any other circumstance outside the Service provider’s control. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date. If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date. Payments to Payees, businesses or individuals, outside the United States of America or its territories or commonwealths, are prohibited. Expedited Payments Editing or Canceling Payments. Any Payment can be modified or canceled, provided you access the Service prior to the Cut-Off Time on the Business Day Payment is going to be processed. Once a Payment is in-process as indicated by the Service, no changes may be made. You may contact Sun East by phone to request a stop payment; however, a stop payment option may not always be available. Stop Payment. You may request to stop payment after a payment has been processed by contacting Sun East. The Service will allow you Service’s ability to make Expedited Payments using successfully stop payment depends on how the funds in your Funding Account for a fee. An Expedited Payment may be delivered were remitted to the Payee via electronic fund transfer (ACH Debit) or paper check mailed through an overnight service depending on and the Payees capabilitieselapsed time since the Payment was processed. Scheduled Payments are processed as batch transactions at The Service provider and the end of the Business DayCredit Union will make commercially reasonable efforts to stop payment per your request, but shall have no liability if unsuccessful. Expedited Payments, depending on the time the transaction was scheduled, You may be processed charged a stop payment fee for each request. (See Schedule of Fees and Charges) Stop payments must be completed in conjunction with the Scheduled Payments, or immediately. Next day delivery of overnight checks may depend on the time of day that the transaction is scheduled, and is not guaranteed. There is a fee for processing Expedited Payment. These fees are disclosed terms identified in the Expedited Payment Terms Electronic Banking Services Account Agreement and Conditions presented at the time of setting up an Expedited PaymentDisclosures and Depository Agreement and Disclosures.

Setting Up and Maintaining Payees. To begin using In order to use the Service Online Bill Payment Service, you will first need to establish at least one Payee in your Payee List. You may add, modify or delete Payees as necessary. It is your responsibility to manage your Payee List and maintain accurate Payee information, such as but not limited to the address to which the Payee specifies Payments are to be delivered, your account number with the Payee, the name on your account with the Payee, etc., except where the Service expressly indicates that it shall manage such Payee information, such as a Merchant’s remittance address. All Payees must reside or exist within the United States of America or its territories or commonwealths. The Service provider We and/or the Financial Institution Service Provider reserve the right to remove or refuse or remove a Payee at any time in our sole discretion. You are responsible for any reason. Setting Up Payments To schedule Payments you must choose a Payee from maintaining your Payee ListList and ensuring Payee information is accurate including, but not limited to your account number with Payee, name on your account with Payee, etc. When you create a new Payee in the Online Bill Payment service, it has a temporary status until we have had sufficient time to set up the account and for your business Payees to verify information about your account. You may should schedule One-Time Payments, Single Payments a Payment to a new Payee at least ten (10) Business Days before any Payment due date to allow us time to set up the Payee and Recurring Payments to any of verify information about your Payees. It is your responsibility to cancel, skip, reschedule or revise a Scheduled Payment in accordance account with the Payee’s instructions to you, . The Bank is not liable for any service fees or as needed to ensure sufficient available funds in the corresponding Funding Account, or under circumstances where the Payee may return the Payment to the Service provider late charges levied against you due to any reason outside the Service provider’s postal delays or the Financial Institution’s control. The Service provider and/or the Financial Institution reserve the right to refuse or cancel a Payment for any reason. The earliest possible Due Date/Deliver By Date for each Payee will be determined and presented processing delays by the Service when you schedule a PaymentPayee. The Service will not permit a Due Date/Deliver By Date earlier than the earliest possible dates presented. The Service determines this earliest possible Due Date/Deliver By Date based There is no limit on the number of Payees or number of Payments that may be authorized. Electronic Payments are subject to the availability of sufficient funds in the designated Account. However, the Bank reserves the right to impose limits at some future date, in its sole discretion, notice will be provided as necessary in accordance with Applicable Law. You acknowledge and agree that if you describe a Payee inconsistently by name and account number, scheduled Bill Payment transactions to the Payee will occur on the basis of the account number. For Payments to a preset Payee, you must allow at least five (5) Business Days required to deliver between the date you schedule a Payment to be initiated and the Payment due date (that is, the due date shown on your invoice or provided in your agreement with the Payee, which is primarily affected by whether or not the Payee has agreed to accept remittance of Payments electronically (typically one or two (1 or 2) Business Days) or requires Payments be delivered by check (typically four or five (4 or 5) Business Daystaking into account any applicable grace period). A Payee’s location or policies for posting and crediting payments may require additional Business Days. Payments scheduled after the Service’s Cut-Off Time shall be processed no earlier than the following Business Day. Currently, the Cut-Off Time is 4:00 p.m. Eastern Standard Time, but the Service provider and/or the Financial Institution may change the Cut-Off Time without prior notice. If you designate a non-business date (generally weekends and certain holidays) as the payment’s processing datedo not, the payment you will be processed the day immediately preceding or the business day following as indicated in the scheduled payment instructions. You should carefully consider factors such as the Payee’s date payment due, grace period, whether the Payee’s date payment due falls on a non-Business Day, etc, when scheduling a Payment to avoid late payments and late fees. You must allow the necessary number of Business Days prior to the Payee’s date payment due for each Payment, including each Payment of a Recurring Payment series. Some businesses take longer to post payments than others. You should consider allowing additional time for the initial Payment to a Payee through the Service in order to gauge the appropriate Pay Due Date/Deliver By Date in each case, and determine whether to allow an additional one (1) or two (2) business days to avoid incurring any late fee charged by the Merchant. It is your responsibility to schedule Payments appropriately and in accordance with the Payee’s requirements. Neither the Service provider nor the Financial Institution shall be fully responsible for late payments, nor reimburse you for all late fees, for any Payment delivered in accordance with your instructions, finance charges or as a result of a Payee’s payment processing policies, or any other circumstance outside the Service provider’s control. When a recurring payment is processed, it is automatically rescheduled actions taken by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date. If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date. Payments to Payees, businesses or individuals, outside the United States of America or its territories or commonwealths, are prohibited. Expedited Payments The Service will allow you to make Expedited Payments using the funds in your Funding Account for a fee. An Expedited Payment may be delivered to the Payee via electronic fund transfer (ACH Debit) or paper check mailed through an overnight service depending on the Payees capabilities. Scheduled Payments are processed as batch transactions at the end of the Business Day. Expedited Payments, depending on the time the transaction was scheduled, may be processed with the Scheduled Payments, or immediately. Next day delivery of overnight checks may depend on the time of day that the transaction is scheduled, and is not guaranteed. There is a fee for processing Expedited Payment. These fees are disclosed in the Expedited Payment Terms and Conditions presented at the time of setting up an Expedited PaymentPayee.