Common use of THE BILL PAYING PROCESS Clause in Contracts

THE BILL PAYING PROCESS. Texas Bridge Credit Union will process variable payments on the business day (general Monday through Friday, except holidays) you designate the bill is to be processed, provided the payment request is received prior to the cutoff time set by TXBCU, which is currently 2:00 P.M.. CST on the date you schedule the payment. Variable bill requests received after the business day cut off time, or at any time on a non business day will be processed on the next business day. TXBCU reserves its right to change the cut off time by giving you notice if it changes. For recurring payment requests, if you designate a processing date of the 28th through the 31st of a month and this date falls in a short month, Processing will be initiated on the first business day of the month following that date. Otherwise, recurring payment requests will be processed on the dates you have designated, unless such date falls in a non business day resulting in your payment being processed on the next business day. You must allow at least (5) business days, prior to the due date, for each bill payment (recurring or variable) to reach the payer. It is your responsibility to schedule/activate payments to arrive by their due date. It is our recommendation that additional days be allowed for payments traveling more than 4 states away. For mountain states (Mountain Time Zones) allow a minimum of (7) days. For the West Coast and Hawaii (Pacific Time Zones) allow a minimum of eight (8) business days. You agree to have available and collected funds on deposits in the account you designate, on the processing date, in amounts sufficient to pay for all Bill Payments requested, as well as, any other payment obligations you have to TXBCU. TXBCU reserves the right, without liability, to reject or reverse a Bill Payment if you fail to comply with this requirement or any other terms of this agreement. If funds are not available on the requested processing date, your bill payments may be canceled and you will be assessed a $27.50 NSF (non-sufficient funds) or a $27.50 ACH Return Fee. If you do not exercise its right to reverse or reject a Bill Payment, you agree to pay for such payment obligations on demand. You further agree that TXBCU, at its option, may charge any of your accounts with TXBCU to cover such payments obligations as well as any fees assessed for processing the transaction (i.e. allow Account Negative fee of $27.50) A continuous status of overdraft and/or NSF Activity or failure of the user to maintain loan(s) or share/ deposit(s) in good standing with TXBCU may result in the suspension or termination of the service. Any Bill Payment can be changed or canceled, provided you access the Service prior to the cut off time on the business day prior to the business day the Bill Payment is going to be initiated.

THE BILL PAYING PROCESS. Texas Bridge Credit Union Single Payments A single payment will process variable payments be processed on the business day (general generally Monday through Friday, except certain holidays) that you designate as the bill is to be processedpayment process date, provided the payment request is received submitted prior to the cutoff daily cut-off time set by TXBCUon that date. The daily cut-off time, which is controlled by Railway Credit Union, is currently 2:00 P.M.. CST PM EST. A single payment submitted after the cut-off time on the designated process date you schedule the payment. Variable bill requests received after the business day cut off time, or at any time on a non business day will be processed on the next following business day. TXBCU reserves its right to change the cut off time by giving you notice if it changes. For recurring payment requests, if If you designate a processing non-business date of (generally weekends and certain holidays) as the 28th through payment process date, the 31st of a month and this date falls in a short month, Processing payment will be initiated processed on the first business day following the designated process date. Recurring Payments When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: * If the recurring payment/Pay Backwards option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date. * If the recurring payment/Pay Backward option is not selected (or if the Pay Backward option is not available), the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date. Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month following for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date. OtherwiseFor Single and Recurring Payments, recurring payment requests will be processed on the dates you have designatedYOU MUST ALLOW AT LEAST SEVEN (7) BUSINESS DAYS, unless such date falls in a non business day resulting in your payment being processed on the next business day. You must allow at least (5) business days, prior to the due datePRIOR TO THE DUE DATE, for each bill payment (recurring or variable) to reach the payerPayee. It Any bill payment can be changed or canceled, provided you access the Bill Pay Service prior to the cut-off time on the business day prior to the business day the bill payment is your responsibility going to schedule/activate payments to arrive by their due date. It is our recommendation that additional days be allowed for payments traveling more than 4 states away. For mountain states (Mountain Time Zones) allow a minimum of (7) days. For the West Coast and Hawaii (Pacific Time Zones) allow a minimum of eight (8) business daysinitiated. You agree to have available and collected funds on deposits deposit in the account you designate, on the processing date, designate in amounts sufficient to pay for all Bill Payments bill payments requested, as well as, as any other payment obligations you have to TXBCURailway Credit Union. TXBCU Railway Credit Union reserves the right, without liability, to reject or reverse a Bill Payment bill payment if you fail to comply with this requirement or any other terms of this agreement. If funds are not available on the requested processing date, your bill payments may be canceled and you will be assessed a $27.50 NSF (non-sufficient funds) or a $27.50 ACH Return Fee. If you do not exercise have sufficient funds in the Account and Railway Credit Union has not exercised its right to reverse or reject a Bill Paymentbill payment, you agree to pay for such payment obligations on demand. You further agree that TXBCURailway Credit Union, at its option, may charge any of your accounts with TXBCU Railway Credit Union to cover such payments obligations as well as any fees assessed for processing payment obligations. Railway Credit Union reserves the transaction (i.e. allow Account Negative fee of $27.50) A continuous status of overdraft and/or NSF Activity or failure of right to change the user to maintain loan(s) or share/ deposit(s) in good standing with TXBCU may result in the suspension or termination of the servicecut-off time. Any Bill Payment can be changed or canceled, provided you access the Service prior to the cut off time on the business day prior to the business day the Bill Payment is going to be initiatedYou will receive notice if it changes.

THE BILL PAYING PROCESS. Texas Bridge Credit Union The Financial Institution will process variable payments on the business day (general generally Monday through Friday, except holidays) you designate the bill is to be processed, provided the payment request is received prior to the cutoff cut-off time set by TXBCUthe Financial Institution, which is currently 2:00 P.M.. CST on the date you schedule the payment7:15 a.m. EST. Variable bill requests received after the business day cut off time, time or at any time on a non non-business day will be processed on the next business day. TXBCU The Financial Institution reserves its right to change the cut cut-off time by giving you notice if it changes. For recurring payment requestsrequest, if you designate a processing date of the 28th through the 31st of a month and this date falls in a short month, Processing will you must select the option of “Last Business Day” for processing to be always initiated on the first business last calendar day of the month following that datemonth. Otherwise, recurring payment requests will be processed on the dates you have designated, unless such date falls in on a non non-business day resulting in your payment being processed on the next business day. You must allow select a Payment Date that is at least five (5) business days, days before the actual Due Date reflected on your Payee statement. If your actual Due Date falls on a non-business day you must select a Payment Date that is at least one business day before the actual Due Date. Payment Dates should be prior to the due date, any late date or grace period. The Bill Payment Service will bear responsibility for each bill any late payment (recurring or variable) related charges up to reach the payer. It is your responsibility to schedule/activate payments to arrive by their due date. It is our recommendation that additional days be allowed for payments traveling more than 4 states away. For mountain states (Mountain Time Zones) allow a minimum of (7) days. For the West Coast and Hawaii (Pacific Time Zones) allow a minimum of eight (8) business days. You agree to have available and collected funds on deposits in the account you designate, on the processing date, in amounts sufficient to pay for all Bill Payments requested, as well as, any other payment obligations you have to TXBCU. TXBCU reserves the right, without liability, to reject or reverse $50.00 should a Bill Payment if you fail to comply with this requirement or any other terms of this agreement. If funds are not available on the requested processing datepost after its Due Date, your bill payments may be canceled and you will be assessed a $27.50 NSF (non-sufficient funds) or a $27.50 ACH Return Fee. If you do not exercise its right to reverse or reject a Bill Payment, you agree to pay for such payment obligations on demand. You further agree that TXBCU, at its option, may charge any of your accounts with TXBCU to cover such payments obligations as well long as any fees assessed for processing the transaction (i.e. allow Account Negative fee of $27.50) A continuous status of overdraft and/or NSF Activity or failure of the user to maintain loan(s) or share/ deposit(s) in good standing with TXBCU may result in the suspension or termination of the service. Any Bill Payment can be changed or canceled, provided you access the Service prior to the cut off time on the business day prior to the business day the Bill Payment was scheduled in accordance with the guidelines described under “The Bill Paying Process” in this Agreement. When you have scheduled a payment, you authorize the Financial Institution to debit your Payment Account and remit funds on your behalf. You certify that your Payment Account is going an account from which you are authorized to make payments and any payment you make will be initiated.debited from this account. You also authorize the credit of returned payments from using the Bill Pay Service. The Bill Pay Service will incur no liability and a Service Guarantee shall be void if the Bill Pay Service is unable to complete any payments initiated because of any of the following:

THE BILL PAYING PROCESS. Texas Bridge Credit Union Single Payments A single payment will process variable payments be processed on the business day (general generally Monday through Friday, except certain holidays) that you designate as the bill is to be processedpayment process date, provided the payment request is received submitted prior to the cutoff daily cut-off time set by TXBCUon that date. The daily cut-off time, which is controlled by Railway Credit Union, is currently 2:00 P.M.. CST PM EST. A single payment submitted after the cut-off time on the designated process date you schedule the payment. Variable bill requests received after the business day cut off time, or at any time on a non business day will be processed on the next following business day. TXBCU reserves its right to change the cut off time by giving you notice if it changes. For recurring payment requests, if If you designate a processing non-business date of (generally weekends and certain holidays) as the 28th through payment process date, the 31st of a month and this date falls in a short month, Processing payment will be initiated processed on the first business day following the designated process date. Recurring Payments When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: * If the recurring payment/Pay Backwards option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date. * If the recurring payment/Pay Backward option is not selected (or if the Pay Backward option is not available), the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date. Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month following for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date. OtherwiseFor Single and Recurring Payments, recurring payment requests will be processed on the dates you have designatedYOU MUST ALLOW AT LEAST SEVEN (7) BUSINESS DAYS, unless such date falls in a non business day resulting in your payment being processed on the next business day. You must allow at least (5) business days, prior to the due datePRIOR TO THE DUE DATE, for each bill payment (recurring or variable) to reach the payerPayee. It Any bill payment can be changed or canceled, provided you access the Bill Pay Service prior to the cut-off time on the business day prior to the business day the bill payment is your responsibility going to schedule/activate payments to arrive by their due date. It is our recommendation that additional days be allowed for payments traveling more than 4 states away. For mountain states (Mountain Time Zones) allow a minimum of (7) days. For the West Coast and Hawaii (Pacific Time Zones) allow a minimum of eight (8) business daysinitiated. You agree to have available and collected funds on deposits deposit in the account you designate, on the processing date, designate in amounts sufficient to pay for all Bill Payments requested, bill payments requested as well as, as any other payment obligations you have to TXBCURailway Credit Union. TXBCU Railway Credit Union reserves the right, without liability, to reject or reverse a Bill Payment bill payment if you fail to comply with this requirement or any other terms of this agreement. If funds are not available on the requested processing date, your bill payments may be canceled and you will be assessed a $27.50 NSF (non-sufficient funds) or a $27.50 ACH Return Fee. If you do not exercise have sufficient funds in the Account and Railway Credit Union has not exercised its right to reverse or reject a Bill Paymentbill payment, you agree to pay for such payment obligations on demand. You further agree that TXBCURailway Credit Union, at its option, may charge any of your accounts with TXBCU Railway Credit Union to cover such payments obligations as well as any fees assessed for processing payment obligations. Railway Credit Union reserves the transaction (i.e. allow Account Negative fee of $27.50) A continuous status of overdraft and/or NSF Activity or failure of right to change the user to maintain loan(s) or share/ deposit(s) in good standing with TXBCU may result in the suspension or termination of the servicecut-off time. Any Bill Payment can be changed or canceled, provided you access the Service prior to the cut off time on the business day prior to the business day the Bill Payment is going to be initiatedYou will receive notice if it changes.