BILL PAYING AGREEMENT/TERMS & CONDITIONS
This is your bill paying agreement with Organized Labor Credit Union. You may use
Organized Labor Credit Union's bill paying service, Bill Pay-e, to direct Organized Labor
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 (About Your Credit Union Accounts - TIS Disclosure).
"You" or "your" means each person who is authorized to use the service. "Payee" means
anyone, including Organized Labor Credit Union, you designate and Organized Labor Credit
Union 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. Organized
Labor Credit Union reserves the right to refuse the designation of a Payee for any reason.
Each Payee accepted by OLCU will be assigned a payee code. You may pay any payee you
wish in the US. Organized Labor Credit Union 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made due to incomplete, incorrect, or outdated information provided by you regarding a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). Organized Labor Credit Union 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 Organized Labor Credit Union, is currently 1:00 pm PST. 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 midwest
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 Organized Labor Credit Union. Organized Labor Credit Union
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 Organized Labor 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 Organized Labor Credit Union, at its option, may charge any of your accounts
with Organized Labor Credit Union to cover such payment obligations.
Organized Labor 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). 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 Organized Labor 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. Organized Labor
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. Organized Labor Credit Union is not liable
for any failure to make a Bill Payment if you fail to promptly notify Organized Labor Credit
Union after you learn that you have not received credit from a Payee for a Bill Payment.
Organized Labor 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 Organized Labor Credit Union 's agent. In any event,
Organized Labor 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 Organized Labor Credit Union has knowledge of the possibility of them. Organized
Labor 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 Organized Labor Credit Union's reasonable control.
Amendment and Termination
Organized Labor 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 Organized Labor Credit Union's
records, by posting notice in branches of Organized Labor Credit Union, or as otherwise
permitted by law.
Organized Labor Credit Union has the right to terminate this Agreement at any time. You
may terminate this Agreement by written notice to Organized Labor Credit Union.
Organized Labor Credit Union is not responsible for any fixed payment made before
Organized Labor Credit Union has a reasonable opportunity to act on your termination
notice. You remain obligated for any payments made by Organized Labor Credit Union on
your behalf.
Fees The fee for the Bill Paying Service is $5.00 per month, for an unlimited number
of monthly payments. This monthly fee will be waived if there has been at least one
(1) bill payment processed and paid during each month.
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 Credit Union 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
Non Sufficient Funds Fee: $14.00
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: $2.99
Charitable Donations Fee: $1.99
Organized Labor Credit Union 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.
This is your bill paying agreement with Organized Labor Credit Union. You may use
Organized Labor Credit Union's bill paying service, Bill Pay-e, to direct Organized Labor
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 (About Your Credit Union Accounts - TIS Disclosure).
"You" or "your" means each person who is authorized to use the service. "Payee" means
anyone, including Organized Labor Credit Union, you designate and Organized Labor Credit
Union 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. Organized
Labor Credit Union reserves the right to refuse the designation of a Payee for any reason.
Each Payee accepted by OLCU will be assigned a payee code. You may pay any payee you
wish in the US. Organized Labor Credit Union 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). Organized Labor Credit Union 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 Organized Labor Credit Union, is currently 1:00 pm PST. 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 midwest
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 Organized Labor Credit Union. Organized Labor Credit Union
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 Organized Labor 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 Organized Labor Credit Union, at its option, may charge any of your accounts
with Organized Labor Credit Union to cover such payment obligations.
Organized Labor 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). 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 Organized Labor 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. Organized Labor
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. Organized Labor Credit Union is not liable
for any failure to make a Bill Payment if you fail to promptly notify Organized Labor Credit
Union after you learn that you have not received credit from a Payee for a Bill Payment.
Organized Labor 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 Organized Labor Credit Union 's agent. In any event,
Organized Labor 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 Organized Labor Credit Union has knowledge of the possibility of them. Organized
Labor 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 Organized Labor Credit Union's reasonable control.
Amendment and Termination
Organized Labor 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 Organized Labor Credit Union's
records, by posting notice in branches of Organized Labor Credit Union, or as otherwise
permitted by law.
Organized Labor Credit Union has the right to terminate this Agreement at any time. You
may terminate this Agreement by written notice to Organized Labor Credit Union.
Organized Labor Credit Union is not responsible for any fixed payment made before
Organized Labor Credit Union has a reasonable opportunity to act on your termination
notice. You remain obligated for any payments made by Organized Labor Credit Union on
your behalf.
Fees The fee for the Bill Paying Service is $5.00 per month, for an unlimited number
of monthly payments. This monthly fee will be waived if there has been at least one
(1) bill payment processed and paid during each month.
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 Credit Union 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
Non Sufficient Funds Fee: $14.00
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: $2.99
Charitable Donations Fee: $1.99
Organized Labor Credit Union 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.