LESCO FEDERAL CREDIT UNION
BILL PAY AGREEMENT/DISCLOSURE
Lesco Federal Credit Union (Lesco) does not charge members an enrollment fee or monthly maintenance fee for its Bill Pay Service.
You may use Lesco's Bill Pay to direct Lesco to make payments from your designated Lesco 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 governing your Lesco account (Membership and Account Agreement).
"You" or "Your" means each person who is authorized to use the service. "Payee" means anyone, including Lesco, that you designate, and that Lesco 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.
-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 by using the service.
-Lesco 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 APO's).
-Lesco is not responsible for payments that cannot be made due to incomplete, incorrect, or outdated information.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 is currently 2:00 PM EST.
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
Currently, our bill pay system may make your payments either electronically by transferring the payment directly to your payee or they may be made by a bill payment check that is printed on your behalf and sent to your payee.
The system will calculate the Estimated Arrival Date of your payment, this is only an estimate, please allow ample time for your payments to reach your Payees.
CANCELLING A PAYMENT
You may change or cancel your bill payment any time 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 Lesco.
-Lesco reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the above requirement or any other terms of this agreement.
-If you do not have sufficient funds in the account and Lesco 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 that Lesco, at its discretion, may charge any of your Lesco accounts to cover such payment obligations.
Lesco reserves the right to change the cut-off time. You will receive notice if the cut-off time 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 Lesco and arrange to change your PIN.
You are responsible for keeping your contact information in your profile current and accurate. Please provide written notification to Lesco of changes to your name, mailing address, email address or phone number.
You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment.
Lesco is not responsible for a bill payment that is not made, if you did not properly follow the instructions for making a bill payment.
Lesco is not liable for any failure to make a bill payment, if you fail to promptly notify Lesco after you learn that you have not received credit from a "Payee" for a bill payment.
Lesco 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 Lesco's agent.
In any event, Lesco 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 Lesco has knowledge of the possibility of them.
Lesco 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 Lesco's reasonable control.
ACCOUNT INFORMATION
We agree not to disclose account information to third parties except when: (1) it is necessary to complete a transaction; (2) the third party seeks to verify the existence or condition of your account in accordance with applicable law; (3) such disclosure complies with the law or a government agency or court order; or (4) you give us written permission.
AMENDMENT TERMINATION
Lesco has the right to change this agreement at any time, by notice mailed to you at the last address shown for the account on Lesco's records, by posting notice at Lesco, or as otherwise permitted by law.
-Lesco has the right to terminate this agreement at any time.
-You may terminate this agreement by written notice to Lesco.
-Lesco is not responsible for any fixed payment made before Lesco has a reasonable opportunity to act on your termination notice.
-You remain obligated for any payments made by Lesco on your behalf.
In the event of repetitive failed payments or transfers, Lesco reserves the right to suspend your use of the bill pay service. This suspension may be without prior notice to you. In the event your subscription is suspended, we will notify you by mail at your last listed address.
SERVICE FEES
Lesco's Bill Pay is a free service to our members. There is no monthly fee for an unlimited number of monthly payments.
Additional charges for member requested services and other items. There will be no charge for any item, if needed to correct a Lesco error.
Non-Sufficient Funds (NSF) Fee: $25
Stop Payment/Cancellation Fee: $15
Inactivity Fee: $4.95/month (after 3 months)
MISCELLANEOUS PRODUCT FEES
Overnight Fee: $34.95
2nd Day Fee: $29.95
Charitable Donations: $1.99
Gift Pay: $2.99
Lesco 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 Agreement and Disclosure, which was received at time of account opening. This agreement discloses important information concerning your rights and obligations.
BILL PAY AGREEMENT/DISCLOSURE
Lesco Federal Credit Union (Lesco) does not charge members an enrollment fee or monthly maintenance fee for its Bill Pay Service.
You may use Lesco's Bill Pay to direct Lesco to make payments from your designated Lesco 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 governing your Lesco account (Membership and Account Agreement).
"You" or "Your" means each person who is authorized to use the service. "Payee" means anyone, including Lesco, that you designate, and that Lesco 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.
-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 by using the service.
-Lesco 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 APO's).
-Lesco is not responsible for payments that cannot 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 is currently 2:00 PM EST.
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
Currently, our bill pay system may make your payments either electronically by transferring the payment directly to your payee or they may be made by a bill payment check that is printed on your behalf and sent to your payee.
The system will calculate the Estimated Arrival Date of your payment, this is only an estimate, please allow ample time for your payments to reach your Payees.
CANCELLING A PAYMENT
You may change or cancel your bill payment any time 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 Lesco.
-Lesco reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with the above requirement or any other terms of this agreement.
-If you do not have sufficient funds in the account and Lesco 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 that Lesco, at its discretion, may charge any of your Lesco accounts to cover such payment obligations.
Lesco reserves the right to change the cut-off time. You will receive notice if the cut-off time 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 Lesco and arrange to change your PIN.
You are responsible for keeping your contact information in your profile current and accurate. Please provide written notification to Lesco of changes to your name, mailing address, email address or phone number.
You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment.
Lesco is not responsible for a bill payment that is not made, if you did not properly follow the instructions for making a bill payment.
Lesco is not liable for any failure to make a bill payment, if you fail to promptly notify Lesco after you learn that you have not received credit from a "Payee" for a bill payment.
Lesco 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 Lesco's agent.
In any event, Lesco 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 Lesco has knowledge of the possibility of them.
Lesco 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 Lesco's reasonable control.
ACCOUNT INFORMATION
We agree not to disclose account information to third parties except when: (1) it is necessary to complete a transaction; (2) the third party seeks to verify the existence or condition of your account in accordance with applicable law; (3) such disclosure complies with the law or a government agency or court order; or (4) you give us written permission.
AMENDMENT TERMINATION
Lesco has the right to change this agreement at any time, by notice mailed to you at the last address shown for the account on Lesco's records, by posting notice at Lesco, or as otherwise permitted by law.
-Lesco has the right to terminate this agreement at any time.
-You may terminate this agreement by written notice to Lesco.
-Lesco is not responsible for any fixed payment made before Lesco has a reasonable opportunity to act on your termination notice.
-You remain obligated for any payments made by Lesco on your behalf.
In the event of repetitive failed payments or transfers, Lesco reserves the right to suspend your use of the bill pay service. This suspension may be without prior notice to you. In the event your subscription is suspended, we will notify you by mail at your last listed address.
SERVICE FEES
Lesco's Bill Pay is a free service to our members. There is no monthly fee for an unlimited number of monthly payments.
Additional charges for member requested services and other items. There will be no charge for any item, if needed to correct a Lesco error.
Non-Sufficient Funds (NSF) Fee: $25
Stop Payment/Cancellation Fee: $15
Inactivity Fee: $4.95/month (after 3 months)
MISCELLANEOUS PRODUCT FEES
Overnight Fee: $34.95
2nd Day Fee: $29.95
Charitable Donations: $1.99
Gift Pay: $2.99
Lesco 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 Agreement and Disclosure, which was received at time of account opening. This agreement discloses important information concerning your rights and obligations.