Terms & Conditions

SELCO Community Credit Union
Commercial & Business Banking Bill Pay Agreement

By signing this Agreement, and any time you access or use the SELCO Commercial & Business Banking (CBB) Bill Pay Service, you are agreeing to be bound by the following terms and conditions.

Please also refer to your SELCO Commercial & Business Banking (CBB) BusinessPro Agreement, which applies to all aspects of and products and Services within BusinessPro. This SELCO Commercial & Business Banking (CBB) Bill Pay Agreement ("Agreement") is a "Product or Service Agreement" as defined in the SELCO CBB BusinessPro Agreement. Terms used but not otherwise defined in the Agreement shall have the meaning ascribed to those terms in the SELCO CBB BusinessPro Agreement.

Please read this Agreement carefully in its entirety before accessing or using the CBB Bill Pay Service. If you do not wish to be bound by these terms and conditions, you may not access or use the CBB Bill Pay Service. We invite you to print or save a copy of this Agreement and retain it for your records.


I. Definitions

1. "Bill Payment" means information provided by you through BusinessPro initiating a payment such as, but not limited to, Payee name, Payee Account number, payment amount, and Delivery Date.

2. "Designated Account(s)" is the Account(s) designated by you to which your Bill Payments should be charged. Any SELCO checking Account(s) can be used as a Designated Account(s).

3. "Payee" is the person or entity, including SELCO, to which you direct payment as indicated in the Bill Payment and which is accepted as a Payee by SELCO.

4. "Withdrawal Date" is the date on which the Bill Payment funds are removed from your account. For check Bill Payments, the Withdrawal Date will be after the check is deposited by the Payee. For ACH Bill Payments, the Withdrawal Date will be the Processing Date or the day after the Processing Date.

5. "Processing Date" is the date on which we first take action to fulfill the Bill Payment instructions provided by you. The daily cutoff time for Processing, which is controlled by SELCO (and subject to change from time to time), is currently 1:00pm Pacific Time (4:00pm Eastern Time).

6. "Delivery Date" is the date you request as your preferred date for (1) the deposit of an ACH Bill Payment into the Payee?s account or (2) the Payee's receipt of a check Bill Payment. The Processing Date for check and ACH Bill Payments will be determined based on an estimated timeframe to achieve your Delivery Date. Depending on actual transit time in the US Mail, check Bill Payments may be received by the Payee after your requested delivery date. We encourage you to select a Delivery Date at least three days prior to the actual date your payment is due.


II. Bill Pay Services

You may use the CBB Bill Pay Service to direct SELCO to make payments from your Designated Account to the Payees you choose in accordance with this Agreement. This Agreement and the CBB Bill Pay Service will apply only to the accounts expressly identified by you, and according to the limits expressly set by you, on the BusinessPro Enrollment Form.

You may use CBB Bill Pay to initiate single or recurring transactions:

1. Single payments - Single payments are payments you schedule to process only once. The Processing Date for a single payment will be based on the estimated amount of time needed for your Bill Payment to be deposited (or received by mail in the case of Check Bill Payments) on your designated Delivery Date. If the Bill Payment is not submitted sufficiently in advance of your Delivery Date, the CBB Bill Pay system will not permit the transaction and a later Delivery Date must be selected.

2. Recurring payments - Recurring Bill Payments are Bill Payments you designate to occur on a specified regular basis (for example, fixed monthly mortgage payments). When one recurring Bill Payment is processed, the next occurrence is automatically scheduled by the system. Based upon your selected frequency settings for the Bill Payment, a processing date is calculated based upon the estimated time needed to achieve the next scheduled Delivery Date.

If the initially calculated Processing Date is not a Business Day, the Processing Date will be changed to the first prior Business Day. If your settings for the recurring payment specify the 29th, 30th, or 31st as the Delivery Date, and that day does not exist in the month, then the last Business Day of that month is used as the Delivery Date. Alternatively, SELCO may offer an option to specify the last business day of each month (or a day of the week for recurring payments on a weekly schedule) as your Delivery Date.

III. Payment Processing

When you initiate a Bill Payment, you authorize SELCO to electronically transfer funds to make the payment from your Designated Account or to issue a check payment from your account on your behalf. Bill Payments are delivered by check to those payees that are not set up within the CBB Bill Pay system to accept electronic payments. Bill Payments will be sent electronically whenever possible. You will be notified within the BusinessPro system if a payment is changed from Check to Electronic, or conversely, from Electronic to Check. You are responsible for selecting your Delivery Date to ensure timely receipt of ACH and Check payments by your payees.

The amount of your Bill Payment may not exceed the available balance in your Designated Account plus any available overdraft protection balance. Per payment and/or daily limits may apply. Transfers to or from any Account are subject to all terms and conditions applicable to that Account including those set forth in the SELCO Commercial & Business Banking (CBB) Membership Agreement and SELCO Commercial & Business Banking (CBB) Rate and Fee Schedule. We reserve the right to refuse to process payment instructions that reasonably appear to us to be fraudulent or erroneous. We will not process any Bill Payment if the required transaction information is incomplete.


IV. Payees

There is no limit to the number of Payees you may have, or the number of Bill Payments you may schedule. You will need to provide us with the name and address of the Payee (i.e., the person you want to pay), your Account number with the Payee and any other information we require to properly debit your Account with us and credit your Account with the Payee. We reserve the right to refuse to make Bill Payments to certain persons or companies.


V. Available Funds

For ACH Bill Payments, you must have sufficient funds available in your Designated Account(s) to cover your Bill Payment by 1:00pm Pacific Time (4:00pm Eastern Time) on the Processing Date. If you do not have sufficient funds in your Designated Account on the Processing Date, we may cancel the Bill Payment. or we may access your line of credit or debit any other Accounts you have designated for overdrafting. Insufficient funds, overdraft, and other fees may apply as stated in the CBB Rate and Fee Schedule.

For check Bill Payments, you must have sufficient funds available in your Designated Account(s) on the Withdrawal Date. If you do not have sufficient funds in your Designated Account on the Withdrawal Date, we may access your line of credit or debit any other Account you have designated for overdrafting. Insufficient funds, overdraft, and other fees may apply as stated in the CBB Rate and Fee Schedule.


VI. Timing

You will request a preferred Delivery Date for your Bill Payment. A Processing Date for check and ACH Bill Payments will be determined by the system based on an estimated timeframe for achieving your Delivery Date. This is only an estimated timeframe. For ACH Bill Payments, the Processing Date may be up to three (3) Business Days prior to the Delivery Date. The processing of check Bill Payments may take longer. You will be required to select a Delivery Date sufficiently far in the future to accommodate the estimated processing time, including mail transit time in the case of check Bill Payments.

If your Account has an insufficient available balance on the Processing Date for ACH Bill Payments, or the Withdrawal Date for check Bill Payments, you assume full responsibility for any late payment fees, finance charges that may be imposed, or other actions taken by a Payee as a result of late or unpaid payments.


VII. Canceling or Changing Bill Payments

You may cancel, edit, or stop payment of your one-time and recurring Bill Payment(s) under certain circumstances by following the instructions provided. Your cancellation or change request must be entered and transmitted through CBB Bill Pay prior to the cutoff time on the scheduled processing date. If your cancellation or change request is not timely entered, your Bill Payment may be sent as originally instructed. Although we will use reasonable efforts to accommodate a request to change or cancel a Bill Payment, we will have no liability for failing to do so, and we make no representation or warranty as to our ability to change or cancel a Bill Payment.


VII. Liability

YOU ARE SOLELY RESPONSIBLE FOR YOUR PAYMENTS AND FINANCIAL OBLIGATIONS, AND YOU AGREE THAT YOUR USE OF SELCO BILL PAY IS ENTIRELY AT YOUR OWN RISK. SELCO shall have no liability to you for any Bill Payment received by the Payee after your preferred Delivery Date. You further agree to indemnify SELCO against any and all claims by your Payee or other third parties arising from or related to your use of the SELCO Bill Pay service.

You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. SELCO is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment.

SELCO will not be liable for any failure to make a Bill Payment if you fail to promptly notify SELCO after you learn that you have not received credit from a Payee for a Bill Payment.

SELCO will not be 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 SELCO's agent.

You are solely responsible for the control and safekeeping of your access credentials.


VX. Amendment

SELCO has the right to change this Agreement at any time by notice mailed to you at the last address shown for the Account on SELCO's records, by posting notice in SELCO's branches, or as otherwise permitted by law.


X. Termination of CBB Bill Pay Services

SELCO may terminate this Agreement at any time. You or any other individual so authorized by your Authorized Officer or Administrator can terminate this Agreement by notifying us in writing. Termination of Service will be effective the first Business Day following receipt of your written notice. However, termination of this Agreement will not affect the rights and responsibilities of the parties under this Agreement for Bill Payments initiated before termination. If you terminate, you authorize us to continue making transfers and Bill Payments you have previously authorized until such time we have had a reasonable opportunity to act upon your notice of termination. If we terminate this Service, we reserve the right to make no further transfers or Bill Payments you have authorized.


Rev. 02/2021