This is your bill paying agreement with PSE Credit Union, Inc. You may use PSE Credit
Union's bill paying service, P S E-biz Pay, to direct PSE Credit Union to make payments from
your designated draft 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).
Commercial Business Accounts include a fee of .10 for each transaction, Small Business Accounts include a fee of .25 for each transaction in excess of 100 free transactions, and Organizational Accounts have no transaction fees.
"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 paying 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).
Don't 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incomplete, incorrect, or outdated information provided by you regarding a Payee or if you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.
ACCESSING THE SERVICE
When you complete your bill paying enrollment form, you will select a USER I.D. and
Personal Identification Number (PIN). The Financial Institution will make every effort to
accommodate your request. Each time you access the Service, you will be asked to enter
your USER ID AND PIN. Correct responses will give you access to the Service.
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 to be processed, provided
the payment request is received prior to the cut-off time set by the Financial Institution,
which is 3:00 p.m. EST. 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, PROCESSING WILL BE INITIATED ON THE LAST
CALENDAR DAY OF THE MONTH. 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, at its option, may charge any of your accounts with the Financial
Institution to cover such payment obligations.
Any Bill Payment can be changed or cancelled, 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 person's authority, you must notify the Financial Institution and
arrange to change your PIN. You will be responsible for any Bill Payment request you make
that contains an error or is a 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 transmission or communications facility, and no such party shall be deemed
to be the Financial Institution's 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 Institution's 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 Institution's 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
Fees disclosed above.
Additional Charges for Customer requested Services and Other Items:
These charges will only be assessed if you request one or more of the services listed here.
There will be NO Charge for any item if needed to correct a Financial Institution error.
Written Correspondence to Payee.................................$10.00
Per proof of Payment not necessitated by a dispute..............$10.00
Payments returned due to customer error.........................$5.00
NSF Fee.........................................................$32.00
Overdraft Advance Fee (if applicable)...........................$32.00
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 Transfers (EFT). Please see the Electronic
Fund Transfers Disclosure Statement included, or, received when you open your account,
which discloses important information concerning your rights and obligations.
BILL PAYING AGREEMENT/DISCLOSURE
