Terms & Conditions

MEREDITH VILLAGE SAVINGS BANK
BUSINESS BILL PAY AGREEMENT

This Business Bill Pay Agreement ("Agreement") describes your rights and obligations as a user of the Meredith Village Savings Bank Bill Pay service ("the Service"). It also describes the rights and obligations of Meredith Village Savings Bank ("the Bank") and contains the disclosures required by the Electronic Funds Transfer Act. As used in this Agreement, "you" or "your" refers to each person(s) subscribing to, using or accessing Bill Pay services; "we", "us", or "our" refers to the Bank and any agent, independent contractor, designee, or assignee the Bank may, at its sole discretion, involve in the provision of Bill Pay service.

Please read this Agreement carefully. By requesting and using Business Bill Pay, or authorizing others to use it, you agree to the terms and conditions of this Agreement and the regulations governing the account you access for Bill Pay as are set forth in the account disclosures provided to you at account opening. You should review the account disclosures carefully, as they may include transaction limitations and fees which might apply to your use of Bill Pay. A copy of these disclosures may also be obtained from any branch office. You also acknowledge and agree that, if you permit another person(s) to use Online Banking or give them your Login ID and Password credentials, you are responsible for any Bill Payments the person(s) makes from your account.

Bill Pay Service Definitions
"Bill Payment Processor" iPay is the third-party bill pay service provider that the Bank has contracted with to provide Bill Pay service to its customers.
"Business Day" is every Monday through Friday, excluding Federal Reserve holidays.
"Payee" is the person or entity to which you direct a bill payment.
"Payment Instruction" is the information provided by you to us for a bill payment to be made to the Payee (such as, but not limited to: name, account number, and Scheduled Payment Date).
"Payment Account" is the account from which bill payments will be debited.
"Process Date" is the day you want your payment to be initiated.
"Deliver By Date" is the date you want your payee to receive the payment.
"Scheduled Payment" is a payment that has been scheduled through the Service but has not yet been processed.

General Description of Service
The Service allows you to make one time or recurring payments to a third party from accounts that you maintain at the Bank through our Bill Payment Processor. You can also use this service to receive and pay bills electronically (eBills) from participating payees. This service allows you to make payments to virtually anyone within the United States, except where prohibited by law, payable in U.S. dollars.

Cost of Service
The Bank does not currently charge a fee for the Service or to enroll. You may, however, choose to expedite a particular payment for a fee that will be disclosed at the time of the request but prior to submitting that request. All other fees which have been separately disclosed to you in connection with your Account(s) will continue to apply to those Account(s). Fees are subject to change from time to time upon notice as may be required by law.

Bill Pay Payees
By providing the Service with names and account information of a payee to whom to direct payments, you authorize us to follow the information provided by you for a bill payment to be made to the payee. If a Bill Payment request describes the beneficiary inconsistently by name and account number, execution of the request will occur based on the account number. In order to process payments more efficiently and effectively, we may edit or alter payment data or data formats in accordance with payee's directives. We reserve the right to refuse bill payment to certain payees for any reason, including where the payee will not accept an electronic or check payment from us, or if we determine that the payee cannot process payments in a timely fashion. You can only make payments to a vendor that holds an account in your name.

Prohibited Payments
Payments to payees outside of the United States or its territories are prohibited through the Bill Pay. Tax payments, court ordered payments, and insurance payments are permitted, but discouraged and must be scheduled at your own risk. You will not be notified if you attempt to make any of these payments. In no event shall the Bank nor our bill pay provider be liable for any claims or damages resulting from your scheduling of these types of payments and has no obligation to research or resolve any claim resulting from these payments.

Payment Instructions
When we receive a payment instruction, you authorize us to debit your designated payment account and remit funds on your behalf. For electronic payments, you must have sufficient funds available in the payment account on the date the payment to be processed, including any available overdraft protection. You also authorize us to credit your payment account for payments returned to us by the United States Postal Service or the payee. You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment.

Payments are sent and funds for electronic payments will be withdrawn from your account on the Process Date. If your checking account does not have sufficient funds on this date, including any available overdraft protection, they payment may not be processed. Check payments are remitted using your payment account information, so funds will be withdrawn when the check clears your payment account at the Bank.

Bill Pay Scheduling
The Bill Payment Processor initiates payments on the Process Date you designate when you set up a payment. Payments can be sent on all days excluding Saturdays, Sundays, and Federal Reserve Board recognized holidays. When establishing the Process Date, consider that the Payee should receive your payment within three business days for an ACH payment and five business days for a paper check. To ensure payment by a specific due date, we suggest you allow at least this much time for your payment to reach the payee and to be properly credited to your account.

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 is 3:00pm 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 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.

Insufficient Funds
Electronic payments may not be sent to the payee on the Process Date you select by our Payment Processor if your checking account has insufficient funds to cover the payment. Our Payment Processor will try to debit your account up to three times before cancelling the payment. If a payment is processed that overdraws your account and the attempts to recover the funds are unsuccessful, a collection process may begin to recover the loss of payment and your Service will be suspended. We may take any actions to collect the obligation to the fullest extent permitted by law, including, but not limited to, exercising our right of set-off, set forth in the account disclosures provided to you at account opening. In the manner and to the extent permitted by law, we may also attempt to contact you by letter, telephone or email. You understand that failure to pay this obligation may also result in reporting the circumstances and Bill Payment obligation to one or more credit reporting agencies.

Bill Pay Limitations
We reserve the right to limit the frequency and dollar amount of payments for security and regulatory reasons. No Bill Payment transactions may exceed $250,000 singly or $500,000 total in a calendar month. If you request a Bill Payment transaction that exceeds those limits, it will not be processed. Payments to individuals cannot exceed $2,500.00.

Bill Pay Cancellations and Stop Payments
A bill payment can be changed or cancelled any time prior to the cutoff time on the scheduled processing date. If you are unable to cancel your payments online, you must call us, or write us, in time for us to receive your request three (3) business days or more before the transaction's scheduled Process Date. If you call, we may also require that you confirm your request in writing and provide your written confirmation within (3) three business days following your call. If the cancellation request is not received per the above instructions, we cannot guarantee the payment will be canceled and you are responsible for the payment. If you call or write to cancel a payment, you may be charged a stop payment fee as provided in our agreement with you for the appropriate linked account.

For check payments, a stop payment can be placed on the payment by contacting the Bank at (603) 279-7986 or 1-800-922-6872. We must receive your request prior to the check posting to your account.

Inactive Accounts
If a payment has not been processed in three consecutive months, your bill payment account may be discontinued. You have the option of re-enrolling in bill pay at any time.

eBills
eBills is a feature of the Bill Pay service that enables you to view bills electronically from participating payees. You choose to receive eBills for payees by navigating to the eBill Connect section of Bill Pay, completing the online form, and accepting the Terms and Conditions for the service.

Unauthorized Transfers
Notify us at once if you have reason to believe that access credentials have been lost, stolen or otherwise compromised (or may be compromised) or that a bill payment, funds transfer or other Service has been or may be made with access credentials without your permission. The occurrence of any unauthorized access to Business Online Banking or unauthorized bill payment, funds transfer or other Service will not affect your responsibility to cover the full cost and expense of any such unauthorized access, payment, transfer or other Service when the Bank has acted in good faith prior to our receiving any notification of unauthorized access or use from you and prior to our having a reasonable period of time after our receipt of such notice to take such steps as are necessary to prevent such unauthorized bill payment, funds transfer or other Service.

In addition to the requirements contained in the immediately preceding paragraph, if you have reason to believe that any Authorized User's Login ID and/or Password has been lost, stolen or otherwise compromised (or may be compromised) or that a bill payment, funds transfer or other Service has been or may be made with any Authorized User's Login ID and/or Password, without your permission, you must contact an Administrator, who must in turn deactivate, and has the sole responsibility for deactivating, any such Login ID. In no event will we be liable for any unauthorized transaction that occurs with any Authorized User's Login ID and/or Password.

You may telephone us during business hours at (603) 279-7986 or 1-800-922-6872 or write us at:

Meredith Village Savings Bank
Attn: Digital Banking
PO Box 177
Meredith, NH 03253

Error Resolution Notice
In case of Errors or Questions about your bill payments, call us at (603) 279-7986 or 1-800-922-6872 or write us at Meredith Village Savings Bank, Attn: Digital Banking, PO Box 177, Meredith, NH 03253.

Our Liability
If we do not complete a bill payment you properly requested, on time or in the correct amount, according to our agreement with you when you have properly instructed us to do so, we will be liable to you for your losses or damages caused as a result. However, there are some exceptions. We will NOT be liable, for instance:
- If, through no fault of ours, you do not have enough money in your account to make a bill payment.
- If a legal order directs us to prohibit withdrawals from the account.
- If your account is closed, or if it has been frozen.
- If the bill payment would cause your balance to go over the credit limit of an established line of credit or the credit limit for any credit arrangement set up to cover overdrafts.
- If you or anyone authorized by you, commits any fraud or violates any law or regulation.
- If any electronic terminal, telecommunication device, or any part of the Online Banking electronic bill payment is not working properly and you knew about the problem when you started the bill payment.
- If you have not provided us with complete and correct payment information for the Bill Payment, including, without limitation, the name, address, your payee-assigned account number, payment date, and payment amount for the payee on a bill payment.
- If circumstances beyond our control (such as fire, flood, interruption in telephone service or other communication lines) prevent the transfer, despite reasonable precautions that we have taken.

Termination of Agreement
This Agreement remains in effect until either you or we terminate it. You can cancel Bill Pay at any time by notifying us in writing at Meredith Village Savings Bank, Attn: Digital Banking, PO Box 177, Meredith, NH 03253 or by calling (603) 279-7986 or 1-800-922-6872.

If terminating this agreement involves canceling an electronic transaction, we must receive your notice to cancel at least three business days before the transaction is scheduled to be made. If you terminate Online Banking, you authorize us to continue making transfers you have previously authorized up to two (2) business days after our receipt of your cancellation request, as applicable. The cancellation by you will not affect any of your obligations under this Agreement.

We reserve the right to terminate or suspend access to the Services in whole or in part at any time, for any reason, including non-usage or inactivity for any three (3) month period, without prior notice. We will provide prior notice of termination as may be required by law, but we may terminate your Account without notice if necessary to maintain or restore the security of an Account or of our systems. Our suspension or any termination of your access to Online Banking Services will not affect any obligations or liability you might have under this Agreement.

Consent
By selecting "I Accept", you are agreeing to the terms and conditions of the Meredith Village Savings Bank Bill Pay Agreement. You further acknowledge that you have received, read, understood and agree to all of the terms and conditions of said Disclosure and Agreement. For more information regarding this Disclosure and Agreement you may contact us at (603) 279-7986 or 1-800-922-6872.