Terms & Conditions
YOU MUST PRINT, SIGN, AND RETURN THE FOLLOWING AGREEMENT BEFORE
APPROVAL FOR BUSINESS BILL PAY.
After receiving this signed agreement, you will be contacted by a River Cities Bank
employee to establish specific terms such as fee structure and limits.
RETURN TO:
1601 Lincoln Street, PO Box 907
Wisconsin Rapids, WI 54495-0907
Fax: 715-422-1150
River Cities Bank Business Bill Pay Agreement
This is your bill paying agreement with River Cities Bank. You may use River Cities Bank
Business Bill Pay to make payments from your designated checking account(s) to the Payee
(s) or Employee(s) you choose in accordance with this agreement. The terms and conditions
of the Agreement are in addition to the Account agreements, disclosures, and other
documents in effect from time to time governing your Account (the Account Rules).
"The Company", “you” or "your" means each person who is authorized to use the service
for your business. "Payee" means anyone, including the Financial Institution, you designate
and the Financial Institution accepts to receive payment(s).
Limits. The total dollar amount transmitted by The Company on any single day shall
not exceed the limit established in the Business Bill Pay Application (to be completed by an
Authorized Signer on The Company’s primary checking account and a River Cities Bank
employee after the submission of this signed Agreement). River Cities Bank may review the
limits set forth in the application and change those limits by sending written notice of the
change.
Cancellation or Amendment of an Entry. The Company shall have no right to cancel
or amend any payment after its processing date. However, River Cities Bank shall use
reasonable efforts to act on a request by The Company to cancel a payment before it is
transmitted. River Cities Bank shall have no liability if it fails to effect the cancellation.
Rejection of Entries. River Cities Bank may reject any payment which does not
comply with the requirements of this Agreement and may reject any payment if The
Company is not otherwise in compliance with the terms of this Agreement. River Cities
Bank shall notify The Company by phone no later than the business day the payment would
otherwise have been transmitted.
Periodic Statement. The periodic statement issued by River Cities Bank for The
Company’s account(s) will reflect payments debited from The Company’s account(s). The
Company agrees to notify River Cities Bank within a reasonable time, not to exceed thirty
(30) days after The Company receives a periodic statement, of any discrepancy between
The Company’s records and the information in the periodic statement.
Fees. The Company agrees to pay River Cities Bank for services provided under this
Agreement in accordance with the schedule of charges detailed below unless otherwise
noted on The Company’s Business Bill Pay Application. River Cities Bank reserves the right
to change its fees at any time upon notice to The Company.
Business Bill Pay Service Charge:
Bill Pay: $6.95 per month, plus $0.50 for each transaction over 15
Bill Pay with Payroll: $9.95 per month, plus $0.50 for each transaction over 15
Liability. In the performance of the services required by this Agreement, River Cities
Bank shall be entitled to rely solely on the information, representations and warranties
provided by The Company pursuant to this Agreement, and shall not be responsible for the
accuracy or completeness of such information. River Cities Bank shall be responsible only
for performing the services expressly provided for in this Agreement, and shall be liable
only in the event of loss due to its gross negligence or willful misconduct in performing those
services. In no event shall River Cities Bank have any liability for any consequential,
special, punitive or indirect loss or damage which The Company may incur or suffer in
connection with this Agreement. In addition, River Cities Bank shall be excused from failing
to act or delay in acting if such failure or delay is caused by legal constraint, interruption or
transmission of communications facilities, equipment failure, war, act of terror, emergency
conditions, or other conditions beyond River Cities Bank’s control.
The Company is responsible for establishing an individual to act as the Administrator of the
service for The Company. This individual must be a signer on The Company’s account with
River Cities Bank. The Administrator will have the ability to add subsequent Business Bill
Pay users, initiate bill payments and payroll, transfer funds, and change security settings,
among other capabilities; because of the high level of control over business funds, The
Company should assign the role of administrator to a trusted individual within the company.
The Company should only allow individuals who are authorized signers on The Company’s
account(s) with River Cities Bank to be approved as Business Bill Pay users for The
Company. The Company takes full responsibility for establishing Business Bill Pay users and
agrees to hold River Cities Bank harmless in the event that The Company approves a
subsequent user who does not have authorized access to the funds. The Company is solely
responsible for any and all transactions set up by their users.
Miscellaneous. River Cities Bank may amend the terms of this Agreement from time
to time upon 30 days written notice to The Company. Either party may terminate this
Agreement upon ten (10) days’ written notice to the other. River Cities Bank shall be
entitled to rely on any written notice believed by it in good faith to be signed by one of the
Authorized Representatives whose names and signatures are set forth on the completed
Business Bill Pay Application. This Agreement shall be governed by and construed in
accordance with the law of the state of Wisconsin.
BY SIGNING BELOW, I AGREE THAT SPECIFIC TERMS, INCLUDING FEES AND LIMITS,
WILL BE ESTABLISHED (EITHER IN PERSON OR BY PHONE) WITH A RIVER CITIES BANK
EMPLOYEE ON THE BUSINESS BILL PAY APPLICATION.
To be completed only by an Authorized Signer on Company’s Primary Checking Account:
Name:
Title:
Date:
Primary Contact #:
Signature: