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Common use of Xxxx Payments Clause in Contracts

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable (i.e. payments on merchant charge accounts that vary in amount) or fixed (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking account. We will process xxxx payment transfer requests only for such creditors as you authorize. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt to clear the payment (s) from your account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closed. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processed. The Credit Union will process your xxxx payment transfer within three (3) business days of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed xxxx payments instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., payment date or payment amount) for a xxxx payment that you have already scheduled for transmission through the xxxx payment service, you may electronically edit or cancel your payment request through xxxx payment. Your cancellation request must be entered and transmitted through the xxxx payment service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments cannot be placed on payments that have been sent electronically.

Appears in 2 contracts

Samples: Membership and Accounts Agreement, Membership and Accounts Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable periodic and nonrecurring (i.e. e.g., payments on merchant charge accounts that vary in amount) or fixed automatic and recurring (i.e. e.g., fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking accountthe account you designate. We will process xxxx payment transfer requests only for to such creditors payees as you authorizeauthorize and for whom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests we may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt either refuse to clear make the payment (s) or make the payment and transfer funds from your any overdraft protection account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closedyou have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for by 9:00am on the xxxx date of the scheduled payment transfer within five (5) if scheduled on a business days after your payment request has been processedday. The If scheduled on a non-business day, the Credit Union will process your xxxx payment transfer within three (3) withdraw the funds by 9:00am on the first business days of day after the date you schedule for paymentscheduled date. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) 10 days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed periodic xxxx payments and automatic, recurring xxxx payment instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e.e.g., payment date or payment amount) for a xxxx periodic or automatic payment that you have already scheduled for transmission through the xxxx payment serviceonline or mobile banking, you may electronically edit or cancel your payment request through xxxx paymentonline or mobile banking. Your cancellation request must be entered and transmitted through the xxxx payment service before the date you have scheduled for payment. If your request is not timely enteredentered in time, you will be responsible for the payment. Stop payments cannot If you wish to place an oral stop payment on an automatic, recurring xxxx payment transaction, the Credit Union must receive your oral stop payment request at least three (3) business days before the next payment is scheduled to be placed on payments that have been sent electronicallymade. You may call the Credit Union at the telephone number set forth in Section 4 (Member Liability) to request a stop payment. If you call, the Credit Union may require you to confirm your stop payment request in writing within 14 days after the call.

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable periodic and nonrecurring (i.e. payments on merchant charge accounts that vary in amount) or fixed automatic and recurring (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking accountthe account you designate. We will process xxxx payment transfer requests only for to those creditors the Credit Union has designated in the User Instructions and such creditors as you authorizeauthorize and for whom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests we may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt either refuse to clear make the payment (s) or make the payment and transfer funds from your any Courtesy Pay account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closedyou have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) two business days after your payment request has been processedof the date you schedule for payment. The Credit Union will process your xxxx payment transfer within three (3) one business days day of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) six days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed periodic xxxx payments and automatic, recurring xxxx payment instructions under certain circumstances. Any payee designated as electronic, however, cannot be stopped. If you discover an error in or want to change a payment instruction (i.e., i.e. payment date or payment amount) for a xxxx periodic or automatic payment that you have already scheduled for a transmission through the xxxx payment serviceSecureLink Online Banking Service, you may electronically edit or cancel your payment request through xxxx paymentthe SecureLink Online Banking Service. Your cancellation request must be entered and transmitted through the xxxx payment service SecureLink Online Banking Service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments canIf you wish to place an oral stop payment on an automatic, recurring xxxx payment transaction, not using the SecureLink Online Banking Service, the Credit Union must receive your oral stop payment request at least three business days before the next payment is scheduled to be placed on payments that have been sent electronicallymade. You may call the Credit Union at the telephone number set forth in Section 10 to request a stop payment. If you call, the Credit Union may require you to confirm your stop payment in writing within 14 days after the call.

Appears in 1 contract

Samples: Membership & Account Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable periodic and nonrecurring (i.e. payments on merchant charge accounts that vary in amount) or fixed automatic and recurring (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking accountthe account you designate. We will process xxxx payment transfer requests only for to those creditors the Credit Union has designated in the User Instructions and such creditors as you authorizeauthorize and for whom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests we may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt either refuse to clear make the payment (s) or make the payment and transfer funds from your any overdraft protection account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closedyou have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processedby midnight on the date you schedule for payment. The Credit Union will process your xxxx payment transfer within three one (31) business days day of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten six (106) days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed periodic xxxx payments and automatic, recurring xxxx payment instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., i.e. payment date or payment amount) for a xxxx periodic or automatic payment that you have already scheduled for a transmission through the xxxx payment serviceHome Banking Service, you may electronically edit or cancel your payment request through xxxx paymentthe Home Banking Service. Your cancellation request must be entered and transmitted through the xxxx payment service Home Banking Service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop If you wish to place an oral stop payment on an automatic, recurring xxxx payment transaction, not using the Home Banking Service, the Credit Union must receive your oral stop payment request at least three (3) business days before the next payment is scheduled to be made. You may call the Credit Union at the telephone number set forth in Section 4 to request a stop payment. If you call, the Credit Union may require you to confirm your stop payment in writing within fourteen (14) days after the call. If any automatic, recurring payments cannot vary in amount, the company you are going to pay will tell you ten (10) days before each payment, when it will be placed on payments that have been sent electronicallymade and how much it will be.

Appears in 1 contract

Samples: Membership and Account Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable periodic and nonrecurring (i.e. payments on merchant charge accounts that vary in amount) (“periodic xxxx payments”) or fixed automatic and recurring (i.e. fixed monthly mortgage payments) (“automatic xxxx payments”). When you transmit a an automatic xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking accountthe account you designate. We will process xxxx payment transfer requests only to those payees designated and authorized by you and for such creditors as you authorizewhom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests we may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt either refuse to clear make the payment (s) or make the payment and transfer funds from your any overdraft protection account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closedyou have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processedby midnight on the date you schedule for payment. The Credit Union will process your xxxx payment transfer within three one (31) business days of day on the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions through the Online Financial Services at least ten six (106) days before a xxxx the payment is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed of periodic and automatic xxxx payments payment instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., i.e. payment date or payment amount) for a periodic or automatic xxxx payment that you have already scheduled for transmission through the xxxx payment service, Online Financial Services you may electronically edit or cancel your payment request through xxxx paymentOnline Financial Services. Your cancellation request must be entered and transmitted through the xxxx payment service Online Financial Services before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments canIf you wish to place an oral stop payment on an automatic xxxx payment transaction not using Online Financial Services, the Credit Union must receive your oral stop payment request at least three (3) business days before the next payment is scheduled to be placed on payments that have been sent electronicallymade. You may call the Credit Union at the telephone number set forth in the Liability for Unauthorized Access section to request a stop payment. If you call, the Credit Union may require you to confirm your stop payment request in writing within fourteen (14) days after the call and the Credit Union may charge a fee for each request. If you place an oral stop payment request at least three (3) business days before the payment is scheduled, and we fail to stop the payment, we will be liable for your actual losses or damages.

Appears in 1 contract

Samples: Electronic Funds Transfer Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable (i.e. payments on merchant charge accounts that vary in amount) or fixed (i.e. fixed mortgage loan payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking account. We will process xxxx payment transfer requests only for such creditors as you authorize. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt to clear the payment (s) from your account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closed. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processed. The Credit Union will process your xxxx payment transfer within three (3) business days of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed xxxx payments instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., payment date or payment amount) for a xxxx payment that you have already scheduled for transmission through the xxxx payment service, you may electronically edit or cancel your payment request through xxxx payment. Your cancellation request must be entered and transmitted through the xxxx payment service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments cannot be placed on payments that have been sent electronically.

Appears in 1 contract

Samples: Business Membership and Accounts Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable (i.e. payments on merchant charge accounts that vary in amount) or fixed (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking account. We will process xxxx payment transfer requests only for to those creditors the Credit Union has designated in the User Instructions and such creditors as you authorizeauthorize and for whom the Credit Union has the proper vendor code number. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests we may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt either refuse to clear make the payment (s) or make the payment and transfer funds from your any overdraft protection account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closedyou have established. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears appear to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processedby 11:00 p.m. on the date you schedule for payment. The Credit Union will process your xxxx payment transfer within three two (32) business days of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten three (103) business days for electronic payments and five (5) business days for check payments before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed xxxx payments instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., i.e. payment date or payment amount) for a xxxx variable or fixed payment that you have already scheduled for transmission through the xxxx payment SecureLink service, you may electronically edit or cancel your payment request through xxxx paymentthe SecureLink service. Your cancellation request must be entered and transmitted through the xxxx payment SecureLink service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments canIf you wish to place an oral stop payment on a fixed xxxx payment transaction, not using the SecureLink service, the Credit Union must receive your oral stop payment request at least three (3) business days before the payment is scheduled to be placed on payments that have been sent electronicallymade under Section 10.

Appears in 1 contract

Samples: Electronic Funds Transfers Agreement

Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable (i.e. payments on merchant charge accounts that vary in amount) or fixed (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking account. We will process xxxx payment transfer requests only for such creditors as you authorize. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt to clear the payment (spayment(s) from your account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closed. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processed. The Credit Union will process your xxxx payment transfer within three (3) business days of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed xxxx payments instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., payment date or payment amount) for a xxxx payment that you have already scheduled for transmission through the Online Banking xxxx payment service, you may electronically edit or cancel your payment request through the xxxx paymentpayment service. Your cancellation request must be entered and transmitted through the xxxx payment service before the date you have scheduled for payment. If your request is not timely entered, you will be responsible for the payment. Stop payments cannot be placed on payments payment that have been sent electronically.

Appears in 1 contract

Samples: Online Banking & Bill Payment Service Agreement