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This
is your bill paying agreement with Union Bank & Trust
Company. You may use Union Bank & Trust Companys
Bill Pay service, BILL PAY,
to direct Union Bank & Trust Company 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 Financial
Institution, you designate and the Financial Institution
accepts as a payee.
How
To Set Up Payees/Payments
Complete
a bill pay enrollment form. IF
YOU WANT TO ADD A NEW PAYEE, SUBMIT YOUR REQUEST IN
WRITING, 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.
The Financial Institution reserves the right to
refuse the designation of a Payee for any reason.
Each Payee accepted by the Financial Institution
will be assigned a payee code.
You may pay almost any payee you wish.
There are several restrictions:
1)The merchant must be
located in the United States; 2) Payments may not be
remitted to tax authorities or government and collection
agencies; 3) Payments may not be remitted to security
companies such as Ameritrade for stock purchases or trade
taxing authorities and 4) Court directed payments are
unauthorized (Alimony, child support, or other legal
debts). Dont
forget you can use this system 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
Financial Institution 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can not be made due to incomplete, incorrect, or outdated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.
The
Bill Paying Process
The
Financial Institution will process variable 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 Financial Institution, which is
currently 2:00 p.m. CST. Variable 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 Financial Institution reserves
its right to change the cut-off time by giving you notice
if it changes.
FOR RECURRING PAYMENT REQUESTS, IF YOU DESIGNATE A
PROCESSING DATE OF THE 28TH THROUGH THE 31ST
OF A MONTH AND THIS
DATE
FALLS
IN A SHORT MONTH, PROCESSING WILL BE INITIATED ON THE
FIRST BUSINESS CA
LENDAR
DAY OF THE MONTH FOLLOWING
THAT
DATE.
Otherwise,
recurring payment requests will be processed on the dates
you have designated, unless such date falls on a
non-business day resulting in your payment being processed
on the next business day.
YOU MUST ALLOW AT LEAST
FIVE (5) BUSINESS DAYS, PRIOR
TO THE DUE DATE, FOR EACH BILL PAYMENT (RECURRING OR
VARIABLE) TO REACH THE PAYEE.
IT IS THE
RESPONSIBILITY OF THE SUBSCRIBER TO SCHEDULE /ACTIVATE
RECURRING PAYMENTS. IT
IS OUR RECOMMENDATION THAT ADDITIONAL DAYS BE ALLOWED FOR
PAYMENTS TRAVELING
MORE THAN 4 STATES AWAY.
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 Financial Institution. The
Financial Institution 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 the Financial Institution 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 Financial Institution, as
its option, may charge any of your accounts with the
Financial Institution 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.
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 persons authority, you must notify the
Financial Institution and arrange to change you PIN. You
will be responsible for any Bill Payment request you make
that contains an error or is duplicate
of another Bill Payment. The Financial Institution 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 Financial Institution is not liable for any
failure to make a Bill Payment if you fail to promptly
notify the Financial Institution after you learn that you
have not received credit from a
Payee for a Bill Payment. The Financial Institution
is not responsible for your acts or omissions or those of
any other person, including, without limitation, any
transmissions or communications facility, and no such
party shall be deemed to be the Financial Institutions
agent. In any event, the Financial Institution 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 Financial
Institution has knowledge of the possibility of them. The
Financial Institution 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 Financial Institutions reasonable
control.
Amendment
and Termination
The Financial Institution 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 Financial
Institutions records, by posting notice in branches of
the Financial Institution, or
as otherwise permitted by law.
The
Financial Institution has the right to terminate this
Agreement at any time. You may terminate this Agreement by
written notice to the Financial Institution. The Financial
Institution is not responsible for any fixed payment made
before the Financial Institution has a reasonable
opportunity to act on your termination notice. You remain
obligated for any payments made by the Financial
Institution on your behalf.
Fees
The
monthly fee for the Bill
Pay Service is $5.00 plus $0.25
per transaction.
These charges will only be assessed if you request one or
more of the services listed here. There will be NO
charges for any item if needed to correct a Financial
Institution error.
Proof
of
Payment
...$11.00
Cancellation
of each request before disbursement
.$
8.50
Returned Item
$
6.00
ACH
Return Fee
$11.00
Express
Mail Letter
$16.00
Receipt
of Payment Letter
$11.00
Overdraft
Fee (per day)
$25.00
The
Financial Institution 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 Transfer (EFT).
Please see the Electronic Fund Transfer Disclosure
Statement included, or, received when you opened your
account, which discloses important information concerning
your rights and obligations.
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