Expedited Payments definition

Expedited Payments allow you to schedule a payment and have the payment sent on same or the next Business Day as scheduling the payment, depending on when your Expedited Payment is scheduled. By scheduling an Expedited Payment, you may schedule and pay bills the same-day electronically or cause an overnight check to be issued and sent to the Payee. For same Business Day electronic or overnight check payments, you must schedule your payment prior to 6:45 p.m. CT Monday-Friday. If you schedule an Expedited Payment after 6:45 p.m. CT Monday-Friday or on a non-Business Day, then your payment will be processed and sent the next Business Day. In addition to the foregoing Bank limitations, all Expedited Payments are subject to Payee validation, Payee established cut-off payment time-frames, and Funds Verification. There is an additional premium fee for Expedited Payments, which will be assessed and charged to your Account in accordance with the Account Agreement and Disclosure. Some exceptions may apply to Expedited Payments and you will immediately be contacted in the event your Expedited Payment request cannot be met by Bank. Once an Expedited Payment is scheduled, it cannot be cancelled.

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Expedited Payments means payments that are initiated via the Expedited Payments User Interface available in the Branded Website or payments initiated with the Expedited Payment indicator via Web Services. These payments are processed when received instead of waiting for the payment processing cutoff time defined in ▇▇▇▇ PAYMENT MANAGER SERVICE LEVEL SCHEDULE and are remitted via ACH or overnight check according to the Payee managed lead times as established by the client.

Expedited Payments. With the Expedited Payments feature, you can make a last minute payment to anyone, anywhere in the continental United States and faster than ever before. Our Expedited Payment feature provides you two options to make your payments. First, we offer overnight checks. These checks can be delivered to almost any payee the next day. In addition, when you confirm this payment, you will receive a FedEx tracking number that you can use to verify the receipt of your payment. The second payment option is an expedited electronic payment. This option is available for any payee that we currently send electronic payments to. When you setup your payment, the system will display the payment options that are available for you for the specific payee. You cannot cancel expedited electronic payments once you schedule them as they are processed immediately. If you choose to use the Expedited Payment feature there will be a charge for each use. See the Bank's Schedule of Fees and Charges.

Examples of Expedited Payments in a sentence

For example, some Billers may not be enrolled to receive Expedited Payments or may not be able to receive Expedited Payments, and the time at which you attempt to submit a Payment for expedited delivery may affect whether either expedited option is available.
You may use the Bill Payment Service to access our Expedited Payments Service, subject to specific terms and conditions that are disclosed when you use the service, including the imposition of a convenience fee.
Expedited Payments, depending on the time the transaction was scheduled, may be processed with the Scheduled Payments, or immediately.
In addition to the foregoing Bank limitations, all Expedited Payments are subject to Payee validation, Payee established cut-off payment time-frames, and Funds Verification.
If Expedited Payments is not available for an intended payee, it will not be presented as an option to you.
Depending on the intended payee and time of day, Expedited Payments are available for same day or next day processing and posting.
The Service will allow you to make Expedited Payments using the funds in your Funding Account for a fee.
Some exceptions may apply to Expedited Payments and you will immediately be contacted in the event your Expedited Payment request cannot be met by Bank.
There is an additional premium fee for Expedited Payments, which will be assessed and charged to your Account in accordance with the Account Agreement and Disclosure.
It is your sole responsibility to enter and verify any address for Expedited Payments by check to ensure that the address is correct and that it is a valid overnight package address of the specified ▇▇▇▇▇▇.

More Definitions of Expedited Payments

Expedited Payments means the scheduling of a ▇▇▇▇ Payment in a more expedient manner for payment to a Payee in accordance with the terms of this Agreement.

Expedited Payments. An expedited payment is an electronic payment that has a faster delivery than the standard payment deliver by date. This payment delivery channel is meant for those consumers that need to make an immediate payment. Expedited e-Payments are available for a limited number of payees. Availability of Expedited Payment options will be limited based on ▇▇▇▇▇▇ capabilities, time of day, delivery mechanisms and other factors. This is considered a premium service and may be subject to a convenience fee. There is a convenience fee for each expedited payment. The fee amount for an electronic expedited payment is $2.95 per payment. Expedited overnight checks are also available, however, will be unavailable for delivery to PO Box addresses or locations in HI or any foreign or U.S. territory outside of the contiguous 48 states and District of Columbia. The End User is responsible for entering and verifying any address for overnight check payments to ensure it is correct and is specified as a valid overnight package address by the ▇▇▇▇▇▇. St. ▇▇▇▇▇▇ Bank and Trust Company is not responsible for late delivery where End User entered an undeliverable address for an overnight check. Due to the inherent need to expedite the payment, payment instructions will be completed immediately upon submission of a request from an End User. The End User will not have the ability to edit or cancel the payment instruction after he or she has confirmed the payment request. This is considered a premium service and may be subject to a convenience fee. There is a convenience fee for each expedited overnight check issued for payment. The fee amount for an expedited overnight check is $22.95 per payment. Any applicable fees will be charged regardless of whether the Service was used during the billing cycle. There may be a charge for additional transactions and other optional services. You agree to pay such charges and authorize us to deduct the calculated amount from your designated Billing Account for these amounts and any additional charges that may be incurred by you. Anniversary member billing – Members are billed monthly on the day the member’s payment method was approved. The member ▇▇▇▇ reflects charges for a period of one month. If the member bill is for $0, the member will receive no notice of the bill. Any financial fees associated with your standard deposit accounts will continue to apply. You are responsible for any and all telephone access fees and/or Internet service fees that may ...