Single and Recurring Payments Clause Samples
The 'Single and Recurring Payments' clause defines how and when payments are to be made under an agreement, distinguishing between one-time payments and those that occur on a regular schedule. It typically outlines the frequency, amount, and method of payment, specifying whether the customer will be charged once or on a recurring basis, such as monthly or annually. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment timing or amounts.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your “Payees”.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment. This is only an estimate. Please allow ample time for you payments to reach your “Payees.” A bill payment can be changed or cancelled any time prior to the cutoff time on the scheduled process date.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment.This is only an estimate. Please allow ample time for your payments to reach your “Payees.” Liability – You are solely responsible for controlling the safekeeping of and access to, your log in ID and password for Teller 24e and Bill Pay. • TCU is not responsible for your acts or omissions or those of any other person, including without limitation, any transmission or communications facility, and no such party shall be deemed to be TCU’s agent. • TCU will not be liable for any special, consequential, incidental, or punitive losses, damages, or expenses in connection with this agreement or the service, even if TCU has knowledge of the possibility of them.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment, this is only an estimate, please allow ample time for your payments to reach your "Payees". CANCELLING A PAYMENT A bill payment can be changed or cancelled, anytime prior to the cutoff time on the scheduled process date. AVAILABLE FUNDS You agree to have available and collected funds on deposit in the account you designate in amounts sufficient to pay for all bill payments requested, as well as, any other payment obligations you have to the Financial Institution. • The Financial Institution reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the above requirement or any other term of this agreement. • If you do not have sufficient funds in the account and the Financial Institution has not exercised its right to reverse or reject a bill payment, you agree to pay for such payment obligations on demand. • You further agree the Financial Institution, at its option, may charge any of your accounts with the Financial Institution to cover such payment obligations. The Financial Institution reserves the right to change the cut-off time. You will receive notice if it changes. LIABILITY • If you want to terminate another person's authority, you must notify the Financial Institution. • You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment. • The Financial Institution is not responsible for a bill payment that is not made if you did not properly follow the instructions for making a bill payment. • The Financial Institution is not liable for any failure to make a bill payment if you fail to promptly notify the Financial Institution after you learn that you have not received credit from a "Payee" for a bill payment. • The Financial Institution is not responsible for your acts or omissions or those of any other person, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be the Financial Institution's agent. • In any event, the Financial Institution will not be liable for any special, consequential, incidental, or punitive losses, damages, or expenses in connection with this agreement or the service, even if the Financial Institution has knowledge of the possibility of them. • The Financial Institution is not liable for any act, failure to act or delay in acting if it is caused, in whole or in part, by any cause beyond the...
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your “Payees”. Available funds (as defined in the Business Master Account Agreement and Disclosure) must be available by cutoff time on the payment processing date and will be deducted from your account on the payment date you entered. You must keep the Credit Union and Bill Pay Customer Service aware of any changes in your current phone numbers, addresses, or e-mail address. You are responsible for monitoring to ensure that your payments are received and posted by the payee. If you have a payment that failed because of insufficient funds in your account, you are responsible for either making alternate arrangements for the payment or rescheduling the payment through Bill Pay. Transaction processing limits apply to Bill Pay service. The applicable limits depend upon the type of account you have and the type of payment you are attempting to schedule. If you attempt to schedule payments that exceed these limits, you will be notified at that time. Please pay items exceeding these limits via an alternate method, or contact the Credit Union. Any payee you wish to pay through Bill Pay must be payable in U.S. Dollars and be located in the United States. You may not use Bill Pay to make payments to a federal, state, or local governmental or tax unit, to pay child-support or alimony, or to make payments to other categories of payees that the Credit Union establishes from time to time. The Credit Union processes payments though a third-party service provider and is not responsible for the timing of payments. Allow approximately ten (10) business days for your payment to reach the vendor. Mailed payments take longer than those sent electronically. The vendor determines which type of payment it will receive. The Credit Union is not responsible for late payments. In the event that we fail to complete a payment in accordance with your instructions, the Credit Union’s maximum liability is $5,000.00.
Single and Recurring Payments. The System will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your “Payees”. It is anticipated that most transactions will be processed on the next Business Day after your Scheduled Payment Date, and arrive approximately 3-5 Business Days after your selected Scheduled Payment Date. Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be not less than seven (7) Business Days before the bill’s actual due date if paid by check and five (5) Business Days before the bill’s actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. Payment instructions entered after the Cutoff Time or on non-Business Days will be considered entered in BillPay on the next Business Day. For Recurring Payments, this means you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill’s actual due date. By choosing a Scheduled Payment Date less than seven (7) Business Days before the bill’s actual due date if paid by check and five (5) Business Days before the bill’s actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying and all late charges or penalties shall be borne by you.
Single and Recurring Payments. The system will calculate the Estimated Deliver By Date of your payment, this is only an estimate, please allow ample time for you payments to reach your “Payees”.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment, this is only an estimate, please allow ample time for you payments to reach your “Payees”. You may schedule a payment to be processed on any future Business Day within one (1) year from the date you schedule the payment. We may remit your payments by mailing your payee a paper check, by electronic funds transfer, or by other means. We send all checks through the Unites States mail. We are not responsible for postal delays or processing delays by the payees. Occasionally, a payee chooses not to participate in the service, or may be unable to process payments in a timely manner. In such cases, we may decline to make future payments to these payees, in which case we will send you a notice regarding the same. Bill Payment transactions can be scheduled up to $50,000.00 per payment. Transfers and email payments cannot exceed $2,500.00 per day. The Pay a person/Direct deposit payment default limit is $1600.00 per transaction and $3200.00 per day. While it is anticipated that most transactions will be delivered by the Estimated Delivery Date, it is understood that due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited to the Payee account. The Estimated Delivery Date provided must be the bill’s actual due date or earlier, not the late date and/or a date in the grace period. Payments scheduled after the Cutoff Time or on non-Business Days will be considered entered in the Bill Payment Service on the next Business Day. We will reimburse you for any late payment fees or penalties you are charged, up to a maximum of $50.00 per scheduled payment, as a result of our failure to deliver a payment made to a business by the scheduled Due Date if you meet each of the following obligations:
Single and Recurring Payments. The Online ▇▇▇▇ Pay Service will calculate the “Estimated Arrival Date” of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees.
Single and Recurring Payments. The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your “Payees”. Cancelling a Payment – A bill payment can be changed or cancelled any time prior to the earliest cutoff time on the scheduled processing date. External Transfers may be made between your accounts at a different institution. Internal online transfers can be made using the transfer screen under the Accounts Tab. eBill allows you to have your monthly payment information sent to your online banking account in order for you to view and pay your current bill within the online banking environment. You must have prior login credentials in place for your payees’ website in order to use this feature. Gift Pay allows you to send a check with a personalized message designed for special occasions. Donations allow you to send a donation to your favorite charity or organization in honor or memory of someone.