LORMET ONLINE BILL PAY AUTHORIZATON AND AGREEMENT
This LorMet Online Bill Pay agreement (“Agreement”) states the conditions for the LorMet Online Bill Pay Service and your use of Mobile Bill Payment Service (“Service”) that will enable you to perform the transactions described in the Agreement. The terms and conditions of this Agreement are in addition to the LorMet Online Banking Disclosure and Agreement, account agreements, disclosures and other documents in effect from time to time governing your LorMet Community Federal Credit Union (“LorMet”) account(s). By clicking the button by which you enroll/accept the terms in the Service, you acknowledge that you have read, understand and agree to the terms in the Agreement.
DEFINITIONS
"You" or "your" means each person who is authorized to use the service. "Payee" means
any person or entity, including yourself and LorMet, you wish to designate a payment or
transfer to be directed and that LorMet accepts as a payee; "we", "us", or "our" refers to
LorMet and any agent or third party service provider LorMet may, at its sole discretion,
engage in providing the Service to you. Whenever “you” is more than one person with
respect to account ownership and relationship, the obligations and agreements applicable to
you under this Agreement shall be deemed to be joint and several, wherever appropriate.
ACCESSING AND USING THE SERVICE
You must be an account holder of a LorMet personal checking account in good
standing (“Designated Account”), have access to the Internet with a browser that supports
128-bit encryption, have a valid e-mail address and a LorMet Online Banking User Account
Number or Login “Login” and a Password.
You may use the Service to direct LorMet to make payments from your Designated Account(s) to the Payees you choose, in accordance with this agreement. You may use the Service to make transfers between your Designated Account(s) to one of your accounts at another
financial institution or to electronically send funds to another person at this or another
financial institution. You may use the Service to receive balance, billing information and due
date alerts from certain eligible payees as set forth in the separate eBill Service User
Agreement. Functionality may be limited by applicable law, the ability of the Service to
obtain on-line financial information from other Payees, and the terms and conditions
contained in the agreements governing the Payee accounts.
Mobile Bill Pay Service allows you to use a mobile device such as a cell phone, PDA, or other wireless device to direct payments to payees you wish to pay. To access the Mobile Bill Pay service, you must first set up LorMet Online Banking and LorMet Mobile Banking. Not all Mobile Banking Bill Pay features are available on all mobile devices. Check your wireless carrier agreement for details. You agree that payments made using the Mobile Bill Payment Service are the same as those made using paper checks, drafts, transfers, or online payments and are bound by the same rules, regulations, state and federal laws. Payees must be set up using your Online Banking Bill Pay Service before you are able to make a payment using the Mobile Bill Payment Service.
By providing the Service with names and account information of those entities and or
persons to who you wish to pay or transfer funds, you authorize the Service to follow the
instructions that it receives from you. You must provide sufficient and accurate information
as directed in screen messages, to properly direct a payment and permit the Payee to
identify you as the payment source. LorMet is not responsible if a Bill Payment cannot 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 shown as Finished in your Select Payee
Menu. LorMet is not responsible for any errors or failures from the malfunction or failure of your hardware, software or any Internet access services.
THE PAYMENT REMITTANCE PROCESS
You understand and agree that it is your responsibility to authorize bill payments in such a
manner that the bills will be paid on time and that the Payee will receive your payment no
later than the Due Date on the statement provided to you by the Payee.
Single Payments:
A single payment will be charged to your account 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, is currently 3:00 p.m. Eastern Time. A single payment submitted after the cut-off
time on the designated process date will be charged to your account 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:
You may schedule recurring payments to be automatically paid on regular intervals. 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.
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, it is necessary to generally allow five (5) business days
prior to the due date, and by the Cutoff Time (3:00 p.m. Eastern Time) of the current date,
for each bill payment to reach the Payee on time. (For West Coast payees, allow 8 days.)
The Estimated Arrival Days is indicated for your convenience on the payment input
transaction screen and may reflect shorter time frames for electronic remittances. Any bill
payment can be changed or canceled by following the directions within the Bill Pay Service,
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. LorMet reserves the right to change the cut-off time. You will receive notice if it changes.
When you schedule the process date for the recommended number of days prior to the due
date, it is understood that due to circumstances beyond our control (such as delays in
handling and posting payments by payees or financial institutions), some transactions may
take a day or even a few days longer to be credited by your Payee to your Payee account.
Payments are generally withdrawn from your Designated Account by Electronic Funds Transfer. Your payment may be remitted to Payee by Electronic Funds Transfer; by mailing your Payee a
check drawn on an account we maintain for this purpose; by mailing your Payee a check
drawn on your Designated Account, or by other means, at our sole discretion; you
understand we reserve the right to select the method by which to remit funds to your
Payees. The Electronic Funds Transfers Agreement & Disclosure included or
received when you opened your account discloses important additional information
concerning your rights and obligations.
You agree to have available and collected funds on deposit in your Designated Account in
amount sufficient to pay for all Service transactions requested, as well as, any other
payment obligations you have with LorMet.
LorMet 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 Designated Account and LorMet 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 LorMet, at its option, may charge any of your accounts with LorMet to cover
such payment obligations.
PROHIBITED PAYMENTS
We reserve the right to refuse the designation of a Payee for any reason. You may not
schedule payments to Payees located outside of the United States or its territories or
payments otherwise prohibited by law. Court ordered payments, tax payments,
government fees, security settlement payments and transfers to interest bearing accounts
are discouraged, may not be accepted as Payee(s) and if scheduled are at your own risk.
LIABILITY
You agree to protect the security of your User Account Number(s), Login and Passwords(s). You are solely responsible for controlling the safekeeping of and access to, your User Account Number(s), Login(s) and Password(s) and are liable for all the transactions that you make. If you permit other persons to use your Online Banking and/or Mobile Banking User Account Numbers, Login(s) and Password(s) or you authorize another person to make a payment, you are responsible for any transaction they authorize from your payment account, even if that person exceeds his or her authority. If you want to terminate another person's authority, or if you believe someone may attempt to use LorMet Bill Pay without your consent or has transferred money without your permission, or if you believe your Online Banking or Mobile Banking User Login(s) or Passwords are lost, stolen or known to someone who is not an Authorized User, change your password and report it immediately to this financial institution. Your liability is determined by this Financial Institution’s policies, federal and state law.
You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. LorMet is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment. LorMet is not liable for any failure to make a Bill Payment if you fail to promptly notify LorMet after you learn that you have not received credit from a Payee for a Bill Payment, or if the Payee mishandles or delays a payment sent by us. LorMet is not responsible for your acts or omissions or those of any other person or entity, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be LorMet's agent. In any event, LorMet will not be liable for any special, consequential, incidental or punitive losses, damages, or expenses in connection with the Agreement or the Service, even if LorMet has knowledge of the possibility of them. LorMet 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 LorMet's reasonable control.
AMENDMENT AND TERMINATION
LorMet has the right to change this Agreement at any time by notice provided to you at the
last address shown for your account on LorMet's records, by posting notice in LorMet's
branches, or as otherwise permitted by law.
LorMet has the right to terminate or suspend this Agreement or Bill Pay Service at any time,
without prior notice. Your Bill Pay Services may be suspended for excessive insufficient
funds activity or non-payment of any fees incurred by you. You may terminate this Agreement by written notice to LorMet. LorMet is not responsible for any fixed payment made before LorMet has a reasonable opportunity to act on your termination notice. You remain obligated for any payments made by LorMet on your behalf. You will not receive a refund of any service fee if you cancel.
FEES:
The Service is free for the first month. You agree to pay LorMet a service fee of $5.00 (monthly service fee waived with "Everywhere" checking product) each month thereafter, for an unlimited number of monthly payments utilizing your LorMet Online Bill Pay Service. You authorize LorMet to deduct the Online Bill Pay service fee each month, on the anniversary date of your enrollment. If the anniversary date is a non-business date, the fee will be processed the business day after.
This monthly service fee is in addition to any regular transaction fees that may be in effect for your LorMet account(s). We will assess the current Non-sufficient Funds or Overdraft fee in effect for any bill payment request drawn against insufficient funds in your Designated Account. Once inactive (i.e. no payments processed) for three (3) consecutive months or longer, we may terminate your Bill Pay Service. Once your Bill Pay Service is terminated due to inactivity or your own request, a Re-enrollment Fee of $10.00 will apply if you request the Service reactivated.
ADDITIONAL CHARGES for Member Requested Services and Other Items:
LorMet reserves the right to charge you for research time involving payments no longer
available in your Service screen history. You will be informed of any such charges before they are incurred.
Your mobile service provider may charge for text messages/alerts on your mobile phone; other wireless carrier fees may apply. Check with your mobile service provider for details on specific fees and charges that may apply.
If at any time you initiate a Rush Delivery payment or Bill Pay Gift Service for gifts and charitable donations, you are also agreeing to accept the fee associated with this service. The amount of that fee will be disclosed to you at that time. This fee will be separate from the expedited Rush or Gift Service transaction and will be charged directly to your Designated Account.
These additional charges will be assessed if you request one or more of the services listed below.
Written Correspondence to Payee: $10.00/per item
Proof of Payment not necessitated by a dispute: $10.00/per item
Payments Returned due to member error: $5.00/per item
This LorMet Online Bill Pay agreement (“Agreement”) states the conditions for the LorMet Online Bill Pay Service and your use of Mobile Bill Payment Service (“Service”) that will enable you to perform the transactions described in the Agreement. The terms and conditions of this Agreement are in addition to the LorMet Online Banking Disclosure and Agreement, account agreements, disclosures and other documents in effect from time to time governing your LorMet Community Federal Credit Union (“LorMet”) account(s). By clicking the button by which you enroll/accept the terms in the Service, you acknowledge that you have read, understand and agree to the terms in the Agreement.
DEFINITIONS
"You" or "your" means each person who is authorized to use the service. "Payee" means
any person or entity, including yourself and LorMet, you wish to designate a payment or
transfer to be directed and that LorMet accepts as a payee; "we", "us", or "our" refers to
LorMet and any agent or third party service provider LorMet may, at its sole discretion,
engage in providing the Service to you. Whenever “you” is more than one person with
respect to account ownership and relationship, the obligations and agreements applicable to
you under this Agreement shall be deemed to be joint and several, wherever appropriate.
ACCESSING AND USING THE SERVICE
You must be an account holder of a LorMet personal checking account in good
standing (“Designated Account”), have access to the Internet with a browser that supports
128-bit encryption, have a valid e-mail address and a LorMet Online Banking User Account
Number or Login “Login” and a Password.
You may use the Service to direct LorMet to make payments from your Designated Account(s) to the Payees you choose, in accordance with this agreement. You may use the Service to make transfers between your Designated Account(s) to one of your accounts at another
financial institution or to electronically send funds to another person at this or another
financial institution. You may use the Service to receive balance, billing information and due
date alerts from certain eligible payees as set forth in the separate eBill Service User
Agreement. Functionality may be limited by applicable law, the ability of the Service to
obtain on-line financial information from other Payees, and the terms and conditions
contained in the agreements governing the Payee accounts.
Mobile Bill Pay Service allows you to use a mobile device such as a cell phone, PDA, or other wireless device to direct payments to payees you wish to pay. To access the Mobile Bill Pay service, you must first set up LorMet Online Banking and LorMet Mobile Banking. Not all Mobile Banking Bill Pay features are available on all mobile devices. Check your wireless carrier agreement for details. You agree that payments made using the Mobile Bill Payment Service are the same as those made using paper checks, drafts, transfers, or online payments and are bound by the same rules, regulations, state and federal laws. Payees must be set up using your Online Banking Bill Pay Service before you are able to make a payment using the Mobile Bill Payment Service.
By providing the Service with names and account information of those entities and or
persons to who you wish to pay or transfer funds, you authorize the Service to follow the
instructions that it receives from you. You must provide sufficient and accurate information
as directed in screen messages, to properly direct a payment and permit the Payee to
identify you as the payment source. LorMet is not responsible if a Bill Payment cannot 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 shown as Finished in your Select Payee
Menu. LorMet is not responsible for any errors or failures from the malfunction or failure of your hardware, software or any Internet access services.
THE PAYMENT REMITTANCE PROCESS
You understand and agree that it is your responsibility to authorize bill payments in such a
manner that the bills will be paid on time and that the Payee will receive your payment no
later than the Due Date on the statement provided to you by the Payee.
Single Payments:
A single payment will be charged to your account 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, is currently 3:00 p.m. Eastern Time. A single payment submitted after the cut-off
time on the designated process date will be charged to your account 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:
You may schedule recurring payments to be automatically paid on regular intervals. 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.
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, it is necessary to generally allow five (5) business days
prior to the due date, and by the Cutoff Time (3:00 p.m. Eastern Time) of the current date,
for each bill payment to reach the Payee on time. (For West Coast payees, allow 8 days.)
The Estimated Arrival Days is indicated for your convenience on the payment input
transaction screen and may reflect shorter time frames for electronic remittances. Any bill
payment can be changed or canceled by following the directions within the Bill Pay Service,
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. LorMet reserves the right to change the cut-off time. You will receive notice if it changes.
When you schedule the process date for the recommended number of days prior to the due
date, it is understood that due to circumstances beyond our control (such as delays in
handling and posting payments by payees or financial institutions), some transactions may
take a day or even a few days longer to be credited by your Payee to your Payee account.
Payments are generally withdrawn from your Designated Account by Electronic Funds Transfer. Your payment may be remitted to Payee by Electronic Funds Transfer; by mailing your Payee a
check drawn on an account we maintain for this purpose; by mailing your Payee a check
drawn on your Designated Account, or by other means, at our sole discretion; you
understand we reserve the right to select the method by which to remit funds to your
Payees. The Electronic Funds Transfers Agreement & Disclosure included or
received when you opened your account discloses important additional information
concerning your rights and obligations.
You agree to have available and collected funds on deposit in your Designated Account in
amount sufficient to pay for all Service transactions requested, as well as, any other
payment obligations you have with LorMet.
LorMet 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 Designated Account and LorMet 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 LorMet, at its option, may charge any of your accounts with LorMet to cover
such payment obligations.
PROHIBITED PAYMENTS
We reserve the right to refuse the designation of a Payee for any reason. You may not
schedule payments to Payees located outside of the United States or its territories or
payments otherwise prohibited by law. Court ordered payments, tax payments,
government fees, security settlement payments and transfers to interest bearing accounts
are discouraged, may not be accepted as Payee(s) and if scheduled are at your own risk.
LIABILITY
You agree to protect the security of your User Account Number(s), Login and Passwords(s). You are solely responsible for controlling the safekeeping of and access to, your User Account Number(s), Login(s) and Password(s) and are liable for all the transactions that you make. If you permit other persons to use your Online Banking and/or Mobile Banking User Account Numbers, Login(s) and Password(s) or you authorize another person to make a payment, you are responsible for any transaction they authorize from your payment account, even if that person exceeds his or her authority. If you want to terminate another person's authority, or if you believe someone may attempt to use LorMet Bill Pay without your consent or has transferred money without your permission, or if you believe your Online Banking or Mobile Banking User Login(s) or Passwords are lost, stolen or known to someone who is not an Authorized User, change your password and report it immediately to this financial institution. Your liability is determined by this Financial Institution’s policies, federal and state law.
You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. LorMet is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment. LorMet is not liable for any failure to make a Bill Payment if you fail to promptly notify LorMet after you learn that you have not received credit from a Payee for a Bill Payment, or if the Payee mishandles or delays a payment sent by us. LorMet is not responsible for your acts or omissions or those of any other person or entity, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be LorMet's agent. In any event, LorMet will not be liable for any special, consequential, incidental or punitive losses, damages, or expenses in connection with the Agreement or the Service, even if LorMet has knowledge of the possibility of them. LorMet 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 LorMet's reasonable control.
AMENDMENT AND TERMINATION
LorMet has the right to change this Agreement at any time by notice provided to you at the
last address shown for your account on LorMet's records, by posting notice in LorMet's
branches, or as otherwise permitted by law.
LorMet has the right to terminate or suspend this Agreement or Bill Pay Service at any time,
without prior notice. Your Bill Pay Services may be suspended for excessive insufficient
funds activity or non-payment of any fees incurred by you. You may terminate this Agreement by written notice to LorMet. LorMet is not responsible for any fixed payment made before LorMet has a reasonable opportunity to act on your termination notice. You remain obligated for any payments made by LorMet on your behalf. You will not receive a refund of any service fee if you cancel.
FEES:
The Service is free for the first month. You agree to pay LorMet a service fee of $5.00 (monthly service fee waived with "Everywhere" checking product) each month thereafter, for an unlimited number of monthly payments utilizing your LorMet Online Bill Pay Service. You authorize LorMet to deduct the Online Bill Pay service fee each month, on the anniversary date of your enrollment. If the anniversary date is a non-business date, the fee will be processed the business day after.
This monthly service fee is in addition to any regular transaction fees that may be in effect for your LorMet account(s). We will assess the current Non-sufficient Funds or Overdraft fee in effect for any bill payment request drawn against insufficient funds in your Designated Account. Once inactive (i.e. no payments processed) for three (3) consecutive months or longer, we may terminate your Bill Pay Service. Once your Bill Pay Service is terminated due to inactivity or your own request, a Re-enrollment Fee of $10.00 will apply if you request the Service reactivated.
ADDITIONAL CHARGES for Member Requested Services and Other Items:
LorMet reserves the right to charge you for research time involving payments no longer
available in your Service screen history. You will be informed of any such charges before they are incurred.
Your mobile service provider may charge for text messages/alerts on your mobile phone; other wireless carrier fees may apply. Check with your mobile service provider for details on specific fees and charges that may apply.
If at any time you initiate a Rush Delivery payment or Bill Pay Gift Service for gifts and charitable donations, you are also agreeing to accept the fee associated with this service. The amount of that fee will be disclosed to you at that time. This fee will be separate from the expedited Rush or Gift Service transaction and will be charged directly to your Designated Account.
These additional charges will be assessed if you request one or more of the services listed below.
Written Correspondence to Payee: $10.00/per item
Proof of Payment not necessitated by a dispute: $10.00/per item
Payments Returned due to member error: $5.00/per item