Common Contracts
1 similar Bill Pay Agreement contracts
BILL PAY AGREEMENTBill Pay Agreement • January 12th, 2015
As used in these Terms and Conditions (the "Agreement"), the term "Payee" means the person or entity to whom you wish a bill payment to be directed; "Payment Instruction" means the information provided by you to the Service for a bill payment to be made to the Payee (such as, but not limited to, Payee name, Payee account number, and payment date); "Payment Account" means your checking account from which all bill payments will be made; "Business Day" means Monday through Friday, excluding Federal Reserve holidays; "Scheduled Payment Date" means the Business Day of your choice upon which your bill payment will begin processing and your Payment Account will be debited; and, "Cutoff Time" means 2:00 p.m. Central Time on any Business Day (Monday through Friday, not counting federal holidays) and is the time by which you must transmit Payment Instructions to have them considered entered on that particular Business Day. “Payment 2 Payment” means a payment delivered by electronic means, where
