BILL PAYING AGREEMENT/TERMS & CONDITIONS
There is not cost to use United Financial Credit Union's bill pay service if you have
Direct Deposit with the Credit Union. If you do not have Direct Deposit with
United Financial Credit Union, you will get the first 3 months of our Net Pay Bill
Pay Service for free, and after that the fee will be $4.95 per month.
This is your bill paying agreement with United Financial Credit Union. You may use United
Financial Credit Union's bill paying service, Net Pay, to direct United Financial to make
payments from your designated checking account to the Payees you choose in accordance
with this agreement. The terms and conditions of this Agreement are in addition to the
Account agreements, disclosures and other documents in effect from time to time governing
your Account (the Account Rules).
"You" or "your" means each person who is authorized to use the service. "Payee" means
anyone, including the Financial Institution, you designate and the Financial Institution
accepts as a payee.
THE BILL PAYING PROCESS
Single Payments
A single payment will be processed on the business day (generally Monday through Friday,
except certain holidays) that you designate as the payment process date, provided the
payment is submitted prior to the daily cut-off time on that date. The daily cut-off time,
which is controlled by the financial institution, is currently 4:00 p.m. A single payment
submitted after the cut-off time on the designated process date will be processed on the
following business day. If you designate a non-business date (generally weekends and
certain holidays) as the payment process date, the payment will be processed on the first
business day following the designated process date.
Recurring Payments
When a recurring payment is processed, it is automatically rescheduled by the system.
Based upon your selected frequency settings for the payment, a process date is calculated
for the next occurrence of the payment. If the calculated process date is a non-business
date (generally weekends and certain holidays), it is adjusted based upon the following
rules:
If the recurring payment 'Pay Backward' option is selected, the process date for the new
occurrence of the payment is adjusted to the first business date prior to the calculated
process date.
If the recurring payment 'Pay Backward' option is not selected (or if the 'Pay Backward'
option is not available), the process date for the new occurrence of the payment is adjusted
to the first business date after the calculated process date.
Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as
a particular day of the month for processing and that day does not exist in the month of the
calculated process date, then the last calendar day of that month is used as the calculated
process date.
For Single and Recurring Payments, YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS DAYS,
PRIOR TO THE DUE DATE, for each bill payment to reach the Payee. (For mid west
subscribers, allow 7 days and for west coast subscribers, allow 8 days.) Any bill payment
can be changed or canceled, provided you access the Bill Pay Service prior to the cut-off
time on the business day prior to the business day the bill payment is going to be initiated.
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 this
requirement or any other terms 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
You are liable for all transactions you make or that you authorize another person to make
even if that person exceeds his or her authority. 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 Financial Institution's reasonable control.
Amendment and Termination
The Financial Institution has the right to change this Agreement at any time by notice mailed
to you at the last address shown for the Account on the Financial Institution's records, by
posting notice in branches of the Financial Institution, or as otherwise permitted by law.
The Financial Institution has the right to terminate this Agreement at any time. You may
terminate this Agreement by written notice to the Financial Institution. The Financial
Institution is not responsible for any fixed payment made before the Financial Institution has
a reasonable opportunity to act on your termination notice. You remain obligated for any
payments made by the Financial Institution on your behalf.
Fees - See our Truth-in-Savings brochure.
The fee for the Bill Paying Service is $4.95 per month, after 3 months, for an unlimited
number of monthly payments, with no Direct Deposit relationship.
Additional Charges for Customer requested Services and Other Items:
These charges will only be assessed if you request one or more of the services listed here.
There will be NO Charge for any item if needed to correct a Financial Institution error.
Written Correspondence to Payee: $10.00
Per proof of Payment not necessitated by a dispute: $10.00
Payments returned due to customer error: $5.00
Overdraft Protection Transfer per occurrence: $3.00
Overdraft Privilege Service: $30.00
Expedited Payment Fees will include:
Overnight Fee: $14.95
2nd Day Fee: $9.95
Reinstate Fee: $50.00
Gift Pay Fees will include:
Gift Check: $2.95
Charitable Donations Fee: $1.95
The Financial Institution reserves the right to charge you for research time involving
payments no longer available in your screen history. You will be informed of any such
charges before they are incurred.
Bill payments are processed by Electronic Fund Transfers (EFT). Please see the Electronic
Fund Transfers Disclosure Statement included, or, received when you opened your account,
which discloses important information concerning your rights and obligations.
There is not cost to use United Financial Credit Union's bill pay service if you have
Direct Deposit with the Credit Union. If you do not have Direct Deposit with
United Financial Credit Union, you will get the first 3 months of our Net Pay Bill
Pay Service for free, and after that the fee will be $4.95 per month.
This is your bill paying agreement with United Financial Credit Union. You may use United
Financial Credit Union's bill paying service, Net Pay, to direct United Financial to make
payments from your designated checking account to the Payees you choose in accordance
with this agreement. The terms and conditions of this Agreement are in addition to the
Account agreements, disclosures and other documents in effect from time to time governing
your Account (the Account Rules).
"You" or "your" means each person who is authorized to use the service. "Payee" means
anyone, including the Financial Institution, you designate and the Financial Institution
accepts as a payee.
THE BILL PAYING PROCESS
Single Payments
A single payment will be processed on the business day (generally Monday through Friday,
except certain holidays) that you designate as the payment process date, provided the
payment is submitted prior to the daily cut-off time on that date. The daily cut-off time,
which is controlled by the financial institution, is currently 4:00 p.m. A single payment
submitted after the cut-off time on the designated process date will be processed on the
following business day. If you designate a non-business date (generally weekends and
certain holidays) as the payment process date, the payment will be processed on the first
business day following the designated process date.
Recurring Payments
When a recurring payment is processed, it is automatically rescheduled by the system.
Based upon your selected frequency settings for the payment, a process date is calculated
for the next occurrence of the payment. If the calculated process date is a non-business
date (generally weekends and certain holidays), it is adjusted based upon the following
rules:
If the recurring payment 'Pay Backward' option is selected, the process date for the new
occurrence of the payment is adjusted to the first business date prior to the calculated
process date.
If the recurring payment 'Pay Backward' option is not selected (or if the 'Pay Backward'
option is not available), the process date for the new occurrence of the payment is adjusted
to the first business date after the calculated process date.
Note: If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as
a particular day of the month for processing and that day does not exist in the month of the
calculated process date, then the last calendar day of that month is used as the calculated
process date.
For Single and Recurring Payments, YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS DAYS,
PRIOR TO THE DUE DATE, for each bill payment to reach the Payee. (For mid west
subscribers, allow 7 days and for west coast subscribers, allow 8 days.) Any bill payment
can be changed or canceled, provided you access the Bill Pay Service prior to the cut-off
time on the business day prior to the business day the bill payment is going to be initiated.
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 this
requirement or any other terms 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
You are liable for all transactions you make or that you authorize another person to make
even if that person exceeds his or her authority. 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 Financial Institution's reasonable control.
Amendment and Termination
The Financial Institution has the right to change this Agreement at any time by notice mailed
to you at the last address shown for the Account on the Financial Institution's records, by
posting notice in branches of the Financial Institution, or as otherwise permitted by law.
The Financial Institution has the right to terminate this Agreement at any time. You may
terminate this Agreement by written notice to the Financial Institution. The Financial
Institution is not responsible for any fixed payment made before the Financial Institution has
a reasonable opportunity to act on your termination notice. You remain obligated for any
payments made by the Financial Institution on your behalf.
Fees - See our Truth-in-Savings brochure.
The fee for the Bill Paying Service is $4.95 per month, after 3 months, for an unlimited
number of monthly payments, with no Direct Deposit relationship.
Additional Charges for Customer requested Services and Other Items:
These charges will only be assessed if you request one or more of the services listed here.
There will be NO Charge for any item if needed to correct a Financial Institution error.
Written Correspondence to Payee: $10.00
Per proof of Payment not necessitated by a dispute: $10.00
Payments returned due to customer error: $5.00
Overdraft Protection Transfer per occurrence: $3.00
Overdraft Privilege Service: $30.00
Expedited Payment Fees will include:
Overnight Fee: $14.95
2nd Day Fee: $9.95
Reinstate Fee: $50.00
Gift Pay Fees will include:
Gift Check: $2.95
Charitable Donations Fee: $1.95
The Financial Institution reserves the right to charge you for research time involving
payments no longer available in your screen history. You will be informed of any such
charges before they are incurred.
Bill payments are processed by Electronic Fund Transfers (EFT). Please see the Electronic
Fund Transfers Disclosure Statement included, or, received when you opened your account,
which discloses important information concerning your rights and obligations.