Common use of Payment Instruction Clause in Contracts

Payment Instruction. If you give instructions to pay bills or transfer funds from an Account, you acknowledge that the instructions will result in funds being withdrawn from your account on the date the instructions are given. You acknowledge that merchants or third parties may not treat payments as being received as of the date of your instructions. The Bank will not be responsible for processing delays by merchants. The Bank has no responsibility whatsoever for any problems or disputes with merchants or other third parties, including if a merchant or third party does not credit your for a payment for whatever reason (including where merchant or third party is no longer included on your payee list) or charges you late fees or interest penalties or takes any other actions.

Appears in 2 contracts

Sources: Online Banking Agreement, Online Banking Agreement