CECU Bill Pay Agreement
Important Information to Read Before You Sign Up!
BILL PAYMENT DISCLOSURE/AGREEMENT
This is your Bill Payment agreement with Cessna Employees Credit Union (CECU). You may use CECU’s bill paying service to direct CECU to make payments from your designated checking account(s) to the Payees 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 you received when you opened your account.
“You or “your” means each person who is authorized to use the service. “Payee” means anyone, including CECU, you designate and CECU accepts as a payee.
HOW TO SET UP PAYEE/PAYMENTS
Complete the Bill Payment enrollment form attached to this disclosure. Once CECU receives the transmission allow one (1) business day for activation. At that time you will be able to start setting up your Payee(s). You may select an electronic Payee, only if the Payee is on our authorized list of Payees. You may do this by accessing the Service and entering the appropriate information. 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. as long as they are able to accept payments. A merchant is defined as anybody (company or individual) to whom you want to send money.
CECU is not responsible if a Bill Payment can not be made due to incomplete, incorrect, or outdated information provided by you regarding a Payee or if you attempt to pay a Payee that is not on our Authorized Payee list. Some Payees are not set up to accept electronic payments. In these cases, a check will be sent by mail. Please allow five (5) to seven (7) business days for a check to be delivered to the payee.
THE BILL PAYMENT PROCESS
CECU will process payments on the business day (generally Monday through Friday, except holidays) you designate the payment is to be processed, provided the payment request is received prior to the cut-off time set by CECU which is currently 12:00 noon CST. Bill payment 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. CECU reserves its right to change the cut-off time by giving you notice of a change..
You must allow all at least five (5) to seven (7) business days, prior to the due date, for each bill payment to reach the payee. It is the responsibility of the member to activate recurring payments. It is our recommendation that additional days be allowed for payments traveling more than four (4) states away.
You agree to have available funds on deposit, in the account you designate, amounts sufficient to pay for all Bill Payments requested, as well as any other payment obligations you have with CECU. CECU 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 CECU 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 CECU, at its option, may charge any of your accounts to cover such payment obligations.
RESPONSIBILITIES
Any Bill Payment can be changed, canceled or deleted provided you access the Service prior to the cut-off time on the business day prior to the process date.
Bill Payments submitted by electronic payment can not be stopped once they have been processed and deducted from your account. However, it may be possible to place a stop payment on a Bill Payment made by check. Contact CECU with your request. If we are unable to stop a Bill Payment, you must resolve any disputes directly with the payee.
It is your responsibility to check your online banking account to verify payments were processed and not rejected. CECU will make an attempt to contact you; via the email address provided by you or by phone numbers on your Bill Payment Application if a Bill Payment is rejected.
LIABILITY
You are liable for all transactions you make or that you authorized another person to make. You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. CECU is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment. CECU is not liable for any failure to make a Bill Payment if you fail to promptly notify CECU after you learn that you have not received credit from a Payee for a Bill Payment. CECU 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 CECU’s agent. In any event, CECU will not be liable for any special, consequential, incidental or punitive losses, damages or expenses in connection with the Agreement or the Service, even if CECU has knowledge of the possibility of them. CECU 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 CECU’s reasonable control.
AMENDMENT AND TERMINATION
CECU has the right to change this Agreement at any time by notice mailed to you at the last address shown for the Account on CECU’s records, by posting notice in the branches of CECU, or as otherwise permitted by law.
CECU has the right to terminate this Agreement at any time. You may terminate this Agreement by written notice to CECU. CECU is not responsible for any fixed payment made before CECU has a reasonable opportunity to act on your termination notice. You remain obligated for any payments made by CECU on your behalf.
CECU 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.
Any Bill Payments that are processed by Electronic Fund Transfers (EFT) are subject to the EFT Disclosure Regulations you received when you opened your account.
As with all CECU accounts it is your responsibility to inform us of any changes in a timely manner. The changes we are referring to may include but are not limited to; change of address, telephone numbers, cell phone numbers and email addresses.
Note: If Bill Payment is inactive for a period of 3 months, bill payment privileges will be suspended.
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