Bill Payment Service
You may use The Peoples Bank's bill paying service, "TPB Bill Pay", to direct The Peoples 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 The Peoples Bank, you designate and The Peoples Bank accepts as a payee.
The Bill Paying Process
The Peoples Bank will process payments on the business day (generally Monday through Friday, except holidays) you designate the bill is to be processed, provided the payment request is received prior to the cut-off time set by The Peoples Bank, which is currently 2:00PM EST. Bill requests received after the business day cut-off time, or at any time on a non-
business day, will be processed on the next business day. The Peoples Bank reserves its right to change the cut-off time by giving you notice if it changes.
You must allow a minimum of five (5) business days, prior to the due date, for each bill payment to reach the payee. It is the responsibility of the subscriber to schedule/activate recurring payments.
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 Peoples Bank. The Peoples Bank reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the requirement or any
other terms of this agreement. If you do not have sufficient funds in the account and The Peoples 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 The Peoples Bank, at its option, may charge any of your accounts with The Peoples Bank to cover such payment
obligations.
Any bill payment can be changed or canceled, provided you access the service prior to the cut-off time on the business day prior to the business day the bill payment is going to be initiated.
Maximum bill payment amounts:
Transfer transactions: $2,500.00 per day
Pay an individual: $1,200.00 per transaction / $2,400.00 per day
Company payees: $99,999.99 per day
Selection of Payees
You may add a new payment to a payee only if the payee is on your authorized list of payees. You may pay almost any payee you wish, with the following restrictions:
The merchant must be located in the United States.
Payments may not be remitted to tax authorities or government and collection agencies.
Payments may not be remitted to security companies such as Ameritrade for stock purchases or trade taxing authorities.
Court directed payments are unauthorized (alimony, child support, or other legal debts).
The Peoples Bank reserves the right to refuse the designation of a payee for any reason. Don't forget you can use this service to send payments to your son/daughter in college, pay your local orthodontist, credit cards, charitable donations, etc. A merchant is defined as anybody (company or individual) to whom you want to send money.
The Peoples Bank is not responsible if a bill payment cannot be made due to incomplete, incorrect, or outdated nformation provided by you regarding a payee, or if you attempt to pay a payee that is not on your authorized payee list.
Fees
There is no fee for the standard bill pay service.
The Peoples 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 Funds Transfers (EFT). Please see the Electronic Funds Transfers Disclosure statement you received when you opened your account, which disclosed important information concerning your rights and obligations.
Responsibility
Neither Institution nor its suppliers will be liable for any transaction if: (i) you do not have enough money in your account to complete the transaction; (ii) a legal order prohibit withdrawals from your account; (iii) your account is closed or has been frozen; (iv) the transaction would cause your balance to go over the credit limit for any credit arrangement set up to cover overdrafts; (v) you, or anyone you allow, commits fraud or violates any law or regulation in connection with Online Banking, Mobile Banking, or Online Financial Services; (vi) any electronic terminal, telecommunication device or part of the electronic fund transfer system is not working properly; (vii) you did not provide us with complete and correct payment or transfer information; (viii) you did not properly follow the instructions for use of Online Banking, Mobile Banking, or Online Financial Services; (ix) you knew that Online Banking, Mobile Banking, and/or the Online Financial Services were not operating properly at the time you initiated the transaction or payment; (x) there is postal delay; or (xi) circumstances beyond our control (such as fire, flood or improper transmission or handling by a third party) that prevent, hinder or delay the transaction.
You may use The Peoples Bank's bill paying service, "TPB Bill Pay", to direct The Peoples 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 The Peoples Bank, you designate and The Peoples Bank accepts as a payee.
The Bill Paying Process
The Peoples Bank will process payments on the business day (generally Monday through Friday, except holidays) you designate the bill is to be processed, provided the payment request is received prior to the cut-off time set by The Peoples Bank, which is currently 2:00PM EST. Bill requests received after the business day cut-off time, or at any time on a non-
business day, will be processed on the next business day. The Peoples Bank reserves its right to change the cut-off time by giving you notice if it changes.
You must allow a minimum of five (5) business days, prior to the due date, for each bill payment to reach the payee. It is the responsibility of the subscriber to schedule/activate recurring payments.
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 Peoples Bank. The Peoples Bank reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the requirement or any
other terms of this agreement. If you do not have sufficient funds in the account and The Peoples 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 The Peoples Bank, at its option, may charge any of your accounts with The Peoples Bank to cover such payment
obligations.
Any bill payment can be changed or canceled, provided you access the service prior to the cut-off time on the business day prior to the business day the bill payment is going to be initiated.
Maximum bill payment amounts:
Transfer transactions: $2,500.00 per day
Pay an individual: $1,200.00 per transaction / $2,400.00 per day
Company payees: $99,999.99 per day
Selection of Payees
You may add a new payment to a payee only if the payee is on your authorized list of payees. You may pay almost any payee you wish, with the following restrictions:
The merchant must be located in the United States.
Payments may not be remitted to tax authorities or government and collection agencies.
Payments may not be remitted to security companies such as Ameritrade for stock purchases or trade taxing authorities.
Court directed payments are unauthorized (alimony, child support, or other legal debts).
The Peoples Bank reserves the right to refuse the designation of a payee for any reason. Don't forget you can use this service to send payments to your son/daughter in college, pay your local orthodontist, credit cards, charitable donations, etc. A merchant is defined as anybody (company or individual) to whom you want to send money.
The Peoples Bank is not responsible if a bill payment cannot be made due to incomplete, incorrect, or outdated nformation provided by you regarding a payee, or if you attempt to pay a payee that is not on your authorized payee list.
Fees
There is no fee for the standard bill pay service.
The Peoples 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 Funds Transfers (EFT). Please see the Electronic Funds Transfers Disclosure statement you received when you opened your account, which disclosed important information concerning your rights and obligations.
Responsibility
Neither Institution nor its suppliers will be liable for any transaction if: (i) you do not have enough money in your account to complete the transaction; (ii) a legal order prohibit withdrawals from your account; (iii) your account is closed or has been frozen; (iv) the transaction would cause your balance to go over the credit limit for any credit arrangement set up to cover overdrafts; (v) you, or anyone you allow, commits fraud or violates any law or regulation in connection with Online Banking, Mobile Banking, or Online Financial Services; (vi) any electronic terminal, telecommunication device or part of the electronic fund transfer system is not working properly; (vii) you did not provide us with complete and correct payment or transfer information; (viii) you did not properly follow the instructions for use of Online Banking, Mobile Banking, or Online Financial Services; (ix) you knew that Online Banking, Mobile Banking, and/or the Online Financial Services were not operating properly at the time you initiated the transaction or payment; (x) there is postal delay; or (xi) circumstances beyond our control (such as fire, flood or improper transmission or handling by a third party) that prevent, hinder or delay the transaction.