Terms & Conditions

Changes: Effective March 7, 2016

This is your bill paying agreement with PS Bank.

You may use PS Bank’s bill paying service, Bill Pay-e Plus, to direct PS Bank 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.

SERVICE FEES
Fees assessed for Bill Pay-e Plus are outlined in the PS Bank Fee Schedule. For more information, please contact PS Bank customer service at 1-888-481-0117 between 7:30 a.m. – 2:30 a.m. EST Monday through Friday.

INACTIVITY FEE
After 90 days of no activity, your PS Bank account will be charged $2.95 monthly. If you decide not to continue using bill pay, please contact PS Bank to disable your account.

DAILY LIMIT
For security reasons, there is a $10,000.00 per day limit. If you need to make a payment over this limit please contact PS Bank Customer Service at 1-888-481-0117 between 7:30 a.m. - 2:30 am EST Monday through Friday.

HOW TO SET UP PAYEES/PAYMENTS

If you want to add a new “PAYEE”, select the “Payee” tab located in the service or speak to a service representative.
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 in writing or by using the service.
The Financial Institution 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 / AEO’s).
The Financial Institution is not responsible for payments that can not be made due to incomplete, incorrect, or outdated information.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 processing 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 the Financial Institution, is currently 2:00 p.m.

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 processing date, the payment will be processed on the first business day following the designated processing 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 processing date is calculated for the next occurrence of the payment. If the calculated processing 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 processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date.
• If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing 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 processing date, then the last calendar day of that month is used as the calculated processing date.

PS Banks eBanker will use its best efforts to process all your payments properly. However, PS Bank's eBanker shall incur no liability if it is unable to complete any payments initiated by you through Bill Pay-e Plus because of the existence of any one or more of the following circumstances:
1. Your account does not contain sufficient funds to complete the transaction or the transaction would exceed the credit limit of your overdraft protection account.
2. The PS Bank eBanker processing center is not working properly and you know or have been advised by the service about the malfunction before you execute the transaction.
3. You have not provided PS Bank eBanker with the correct names or account information for those persons or entities to whomever you wish to direct payment.
4. Circumstances beyond the PS Banks eBanker's control such as, but not limited to, fire, flood, or interference from an outside force that would prevent the proper execution of the transaction, PS Banks eBanker has taken reasonable precautions to avoid those circumstances.
You have the right to stop or change any scheduled payment. You must cancel the payment by no later than 2:00 p.m. (EST), on the payment date.

PS Bank reserves the right to terminate your use of Bill Pay-e Plus in whole or part, at any time without prior notice.
If, for any reason, you should ever wish to cancel Bill Pay-e Plus, we strongly suggest that you cancel all future bill payments at the same time that you cancel your service, either by deleting those payments yourself using PS Banks eBanker or calling PS Bank's customer service at 1-888-481-0117 between 7:30 a.m. – 2:30 a.m. EST Monday through Friday. This will ensure that future payments and transfers made by you will not be duplicated. We will automatically delete all outstanding payment orders (all individual payments and all recurring payments) once we have been notified that your service has been terminated. We will continue to maintain your accounts until you notify us otherwise.