Xxxx Xxxxx Services. Many bill payment service providers will send a payment to a payee or payees as an electronic transaction. A payment authorized by you under a computer (or other electronic) bill-payment service is considered an electronic funds transfer unless the terms of the service explicitly state that all payments or all payments to a particular named payee will be solely by check or paper instrument. Your monthly statement will show your electronic bill payment transactions including the payee’s name.
Appears in 4 contracts
Samples: Membership Agreement, Account Agreement, Account Agreement
