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BILL PAYING AGREEMENT/DISCLOSURE
This is your bill paying agreement with NORTH PENN FEDERAL CREDIT
UNION.
You may use NORTH PENN FEDERAL CREDIT UNION'S bill paying service,
to direct NORTH PENN FEDERAL CREDIT UNION 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 Credit Union, you designate and the Credit
Union accepts as a "Payee".
HOW TO SET UP PAYEES/PAYMENTS
* If you want to add a new "PAYEE", select the "Payee" tab located in your Bill
Pay application or speak to a service representative.
* You may add a new fixed payment to a "Payee" 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.
* The Credit Union reserves the right to refuse the designation of a "Payee" for
any reason.
* You may pay any "Payee" with-in the United States (including U.S. territories
and APOs / AEOs).
* The Credit Union is not responsible for payments that can not be made due to
incomplete, incorrect, or outdated information.
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 the Credit Union, is currently 2:00
PM Eastern.
A single payment submitted after the cut-off time on the designated process date
will be processed on the next 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 Before" 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 After" option is selected, 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.
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".
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 Credit Union.
* The Credit Union 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 Credit Union 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 Credit Union, at its option, may charge any of your
accounts with the Credit Union to cover such payment obligations.
The Credit Union 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).
* If you want to terminate another person's authority, you must notify the Credit
Union 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.
* The Credit Union 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 Credit Union is not liable for any failure to make a bill payment if you fail
to promptly notify the Credit Union after you learn that you have not received credit from
a "Payee" for a bill payment.
* The Credit Union 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 Credit Union's agent.
* In any event, the Credit Union 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 Credit Union has knowledge of the possibility of them.
* The Credit Union 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 Credit Union's reasonable control.
AMENDMENT TERMINATION
The Credit Union 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 Credit Union's records, by
posting notice in branches of the Credit Union, or as otherwise permitted by law.
* The Credit Union has the right to terminate this agreement at any time.
* You may terminate this agreement by written notice to the Credit Union.
* The Credit Union is not responsible for any fixed payment made before the
Credit Union has a reasonable opportunity to act on your termination notice.
* You remain obligated for any payments made by the Credit Union on your
behalf.
SERVICE FEES
The Bill Paying Service is free for the first 10 transactions monthly. Each transaction over 10 will be charged a fee of $0.50. If the service goes unused for three months, your account will be assessed a $10 fee for inactivity per month.
Miscellaneous Product Fees
* Next Business Day (Overnight) Rush Check Payment: $34.95
* 2nd Day Rush Check Payment: $29.95
* 2nd Day Electronic Delivery (Economy): $6.95
* Charitable Donations: $1.99
* Gift Pay: $2.99
* Enrollment Fee (One time) Waived
* Base Monthly Fee (Includes 10 Transactions Waived
* Transaction Fee- Each over 10 Per Month $0.50
* Returns $25.00
* Stop Payment $25.00
* Overdraft Protection $ 2.00
* Inactivity Fee (After 3 Months Inactive) $10.00
