Common use of THE XXXX PAYING PROCESS Clause in Contracts

THE XXXX PAYING PROCESS. The Institution will process variable payments on the business day (generally Monday through Friday, except federal banking holidays) you designate the payment is to be processed, provided the payment request is received prior to the cut-off time set by the Institution, which is currently 2:00 PM (Eastern Time). Variable payment 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. The Institution reserves its right to change the cut-off time by reasonable advance notice to you. IF A RECURRING PAYMENT FALLS ON A NON-BUSINESS DAY (SUCH AS WEEKENDS OR FEDERAL BANKING HOLIDAYS), THE PAYMENT SHALL BE PROCESSED ON THE PRECEDING BUSINESS DAY. Otherwise, recurring payment requests will be processed on the dates you have designated. YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS DAYS PRIOR TO THE DUE DATE APPEARING ON YOUR STATEMENT/INVOICE (THE “DUE DATE”) FOR EACH XXXX PAYMENT (RECURRING OR VARIABLE) TO REACH THE MERCHANT. IT IS YOUR RESPONSIBILITY TO SCHEDULE/ACTIVATE RECURRING PAYMENTS ACCORDINGLY. Due to circumstances beyond our control, some Merchants take longer to post payments than others. We strongly suggest sending your first payment eight (8) business days in advance of the Due Date. After your first payment has posted you will have a better understanding of how much time to allow for each Merchant. You must select a “Payment Date” that is at least five (5) business days before the actual Due Date reflected on your 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 determined without consideration to any permissible late date or grace period agreed upon between you and Merchant. When you have scheduled a payment, you authorize the Institution to debit your eligible account (the “Payment Account”) and remit such funds on your behalf. You certify that your Payment Account is an account from which you are authorized to make payments and any payment you make will be debited from this account. You also authorize the credit of returned payments arising from your using of the Xxxx Payment service. Institution shall not be liable if Institution is unable to complete any payments initiated through the Xxxx Payment service because of the existence of any one or more of the following circumstances:

THE XXXX PAYING PROCESS. The Financial Institution will process variable payments on the business day (generally Monday through Friday, except federal banking holidays) you designate the payment xxxx is to be processed, provided the payment request is received prior to the cut-off time set by the Financial Institution, which is currently 2:00 PM (Eastern Time)3:00 p.m. CT. Variable xxxx payment requests received after the business day cut off time, or at any time on a non-business day, day will be processed on the next business day. The Financial Institution reserves its right to change the cut-off time by reasonable advance giving you notice if it changes. Payments will be debited from your account on your scheduled payment date. If funds are not available on the first attempt, the payment will be scheduled to yoube processed for 2 additional business days. If funds are unavailable for the final attempt, the payment will not be processed. Please note, each attempt that fails due to Non Sufficient Funds (NSF), may be subject to a NSF fee. THE “LAST BUSINESS DAY” OPTION IS AVAILABLE FOR “MONTHLY”, “WEEKLY”, AND “TWICE A MONTH” RECURRING PAYMENTS. If scheduling a “Monthly” recurring payment series, the “Last Business Day” box would signal the payment to be paid on the last business day of the month. THIS OPTION IS THEREFORE ONLY ADVISABLE IF YOU ARE DESIGNATING A RECURRING PAYMENT FALLS DATE OF THE 28TH THROUGH THE 31ST OF THE MONTH. A payment scheduled with a process date of the 10th, for instance, would be paid ON A NON-THE LAST BUSINESS DAY OF THE MONTH if the “Last Business Day” box is checked. If this box is not checked, your payment will process on your designated payment date, or the next business day in the event that your designated date falls on a non-business day (SUCH AS WEEKENDS OR FEDERAL BANKING HOLIDAYSi.e. weekend day or holiday), THE PAYMENT SHALL BE PROCESSED ON THE PRECEDING BUSINESS DAY. Otherwise, If scheduling a “Weekly” or “Twice a Month” recurring payment requests will be processed series, the “Last Business Day” box would signal the payment to process on the dates you have designatedlast business day of the week in which your designated payment date falls. If this box is not checked, your payment will process on your designated payment date, or the next business day in the event that your designated date falls on a non-business day (i.e. weekend day or holiday). YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS DAYS DAYS, PRIOR TO THE DUE DATE APPEARING ON YOUR STATEMENT/INVOICE (THE “DUE DATE”) , FOR EACH XXXX PAYMENT (RECURRING OR VARIABLE) TO REACH THE MERCHANT. IT IS YOUR THE RESPONSIBILITY OF THE SUBSCRIBER TO SCHEDULE/ACTIVATE RECURRING PAYMENTS ACCORDINGLYPAYMENTS. Due to circumstances beyond our control, some Merchants take longer to post payments than others. We strongly suggest sending your first payment eight at least ten (8) 10) business days in advance of the Due Date. After your first payment has posted you will have a better understanding of how much time to allow for each Merchant. You must select a “Payment Date” Date that is at least five (5) business days before the actual Due Date reflected on your Payee statement. If your actual Due Date falls on a non-business day, day you must select a Payment Date that is at least one business day before longer than you would if the actual Due DateDate fell on a business day. Payment Due Dates should be determined without consideration prior to any permissible late date or grace period agreed upon between you and Merchantperiod. When you have scheduled a payment, you authorize the Financial Institution to debit your eligible account (the “Payment Account”) Account and remit such funds on your behalf. You certify that your Payment Account is an account from which you are authorized to make payments and any payment you make will be debited from this account. You also authorize the credit of returned payments arising from your using of the Xxxx Payment servicePay Service. Institution The Xxxx Pay Service will incur no liability and a Service Guarantee shall not be liable void if Institution the Xxxx Pay Service is unable to complete any payments initiated through the Xxxx Payment service because of the existence of any one or more of the following circumstancesfollowing:

THE XXXX PAYING PROCESS. The Institution Blue FCU will process variable payments on the business day (generally Monday through Friday, except federal banking holidays) you designate the payment xxxx is to be processed, provided the payment request is received prior to the cut-off time set by the InstitutionBlue FCU, which is currently 2:00 PM (Eastern Time)p.m. MST. Variable payment xxxx requests received after the business day cut cut-off time, time or at any time on a non-business day, day will be processed on the next business day. The Institution Blue FCU reserves its right to change the cut-off time by reasonable advance giving you notice to youif it changes. IF A FOR RECURRING PAYMENT FALLS ON REQUESTS, IF YOU DESIGNATE A NON-PROCESSING DATE OF THE 28TH THROUGH THE 31ST OF A MONTH, YOU MUST SELECT THE OPTION OF "LAST BUSINESS DAY (SUCH AS WEEKENDS OR FEDERAL BANKING HOLIDAYS), THE PAYMENT SHALL DAY" FOR PROCESSING TO ALWAYS BE PROCESSED INITIATED ON THE PRECEDING BUSINESS DAYLAST CALENDAR DAY OF THE MONTH. Otherwise, recurring payment requests will be processed on the dates you have designated, unless such date falls on a non-business day resulting in your payment being processed on the next business day. YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS DAYS DAYS, PRIOR TO THE DUE DATE APPEARING ON YOUR STATEMENT/INVOICE (THE “DUE DATE”) , FOR EACH XXXX PAYMENT (RECURRING OR VARIABLE) TO REACH THE MERCHANT. (IT IS YOUR THE RESPONSIBILITY OF THE ACCOUNT OWNER TO SCHEDULE/ACTIVATE RECURRING PAYMENTS ACCORDINGLY. PAYMENTS.) Due to circumstances beyond our control, some Merchants take longer to post payments than others. We strongly suggest sending your first payment eight (8) business days in advance of the Due Datedue date. After your first payment has posted you will have a better understanding of how much time to allow for each Merchant. You must select a “Payment Date” payment date that is at least five (5) business days before the actual Due Date due date reflected on your Payee statement. If your actual Due Date due date falls on a non-business day, day you must select a Payment Date payment date that is at least one business day before the actual Due Datedue date. Payment Dates dates should be determined without consideration prior to any permissible late date or grace period agreed upon between you and Merchantperiod. When you have scheduled a payment, you authorize the Institution Blue FCU to debit your eligible account (the “Payment Account”) payment Account and remit such funds on your behalf. You certify that your Payment payment Account is an account Account from which you are authorized to make payments and any payment you make will be debited from this accountAccount. You also authorize the credit of returned payments arising from your using of the Xxxx Pay Service. The Xxxx Payment Service will bear responsibility for any late payment related charges up to $50.00 should a Xxxx Payment post after its due date, as long as the Xxxx Payment servicewas scheduled in accordance with the guidelines described under "The Xxxx Paying Process" in this Agreement. Institution The Xxxx Pay Service will incur no liability and a Service Guarantee shall not be liable void if Institution the Xxxx Pay Service is unable to complete any payments initiated through the Xxxx Payment service because of the existence of any one or more of the following circumstancesfollowing: