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CENTURY BANK BILL PAYING AGREEMENT/TERMS & CONDITIONS
This is your bill paying agreement with Century Bank. You may use Century Bank’s bill
paying service to direct Century Bank 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 Century Bank, you designate and Century Bank accepts as a payee.
HOW TO SET UP PAYEES/PAYMENTS
Complete a bill paying enrollment form. IF YOU WANT TO ADD A NEW PAYEE, USE “SET UP
ACCOUNTS/PAYEE” ON THE INTERNET OR SPEAK TO A SERVICE REPRESENTATIVE. You
may add a new fixed payment to a Payee, only if the Payee is on your authorized list of
payees, and by accessing the Service and entering the appropriate information. Most other
additions, deletions, or changes can be made in writing or by using the Service. Century
Bank reserves the right to refuse the designation of a Payee for any reason. Each Payee
accepted by Century Bank will be assigned a payee code. You may pay any payee you
wish in the US. Century Bank is not responsible if a Bill Payment can not be made due to
incomplete, incorrect, or outdated information provided by you regarding a Payee or if you
attempt to pay a Payee that is not on your Authorized Payee list.
ACCESSING THE SERVICE
When you complete your bill paying enrollment form, you will select a USER I.D. and
Personal Identification Number (PIN). Century Bank will make every effort to accommodate
your request. Each time you access the Service, you will be asked to enter your USER ID
AND PIN. Correct responses will give you access to the Service.
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’s 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 Century Bank, is currently 2:00 PM. 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’s 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’s “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’s “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 Century Bank. Century Bank 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 Century
Bank 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 Century Bank, at its option, may
charge any of your accounts with Century Bank to cover such payment obligations.
Century Bank reserves the right to change the cut-off time. You will receive notice if it
changes.
LIABILITY
You are solely responsible for controlling the safekeeping of, and access to, your Personal
Identification Number (PIN). 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 Century Bank and arrange to
change your PIN. You will be responsible for any Bill Payment request you make that
contains an error or is a duplicate of another Bill Payment. Century Bank is not responsible
for a Bill Payment that is not made if you did not properly follow the instructions for making
a Bill Payment. Century Bank is not liable for any failure to make a Bill Payment if you fail
to promptly notify Century Bank after you learn that you have not received credit from a
Payee for a Bill Payment. Century Bank 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 Century Bank's agent. In any event,
Century Bank 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 Century
Bank has knowledge of the possibility of them. Century Bank 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
Century Bank has the right to change this Agreement at any time by notice mailed to you at
the last address shown for the Account on Century Bank's records, by posting notice in
branches of Century Bank, or as otherwise permitted by law.
Century Bank has the right to terminate this Agreement at any time. You may terminate
this Agreement by written notice to Century Bank. Century Bank is not responsible for any
fixed payment made before Century Bank has a reasonable opportunity to act on your
termination notice. You remain obligated for any payments made by Century Bank on your
behalf.
FEES
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 Century Bank 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
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
Century Bank 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.
