Internet Banking – EFT Disclosure

ELECTRONIC BILL PAYMENT AUTHORIZATION

I AUTHORIZE TruWest Credit Union (TruWest, Us, We, Our) to post payment(s) transactions generated from the Bill Pay Service to the checking designated within Bill Pay. I represent that I am in full control of my account. If at any time I decide to discontinue service, I will provide written notification to TruWest. My use of Bill Pay is subject to the Electronic Fund Transfer Agreement and Disclosure that I have previously received and agree to. I also understand and agree to the following terms:

If approved, you may pay your bills electronically, and have your recurring bills paid automatically. We will process bill payment transfer requests only to those creditors TruWest has designated in the User Instructions and such creditors as you authorize and for whom TruWest has the proper vendor code number. We will not process any bill payment transfer if the required transaction information is incomplete.  Bill payments can only be scheduled for processing on business days. Business days are Monday through Friday and exclude weekends and holidays.

The Bill Pay services may be cancelled without notice if my account has been inactive for 90 days.  Further, We reserve the right to terminate or suspend your use of Bill Pay, in whole or in part, at any time and for any reason without prior notice.

TruWest will withdraw the designated funds from your checking account for bill payment transfer by the designated cut-off time on the date you schedule for payment. We will process your bill payment transfer within a designated number of days before the date you are scheduled for payment. You must allow sufficient time for vendors to process your payment after they receive a transfer from us. Please leave as much time as though you were sending your payment by mail. We cannot guarantee the time that any payment will be credited to your account by the vendor. TruWest is not liable for any service fees or late charges levied against you.

I am responsible for any fees, loss or penalty that I may incur due to the lack of sufficient funds (NSF) or other conditions that may prevent the withdrawal of funds from my account.  Payments of $500.00 or less (individually and cumulative) issued as checks will be presented to my account up to three times before a stop payment is placed and, for payments exceeding $500.00 (individually and cumulative) the Bill Pay service will contact TruWest to verify funds. If funds are unavailable, a stop payment is placed on the payment. Electronic payments will be presented for payment up to three times and an NSF fee may apply to each failed presentment. I also understand that a block is automatically (systematically) placed on my account if a debit transaction is returned and no additional bill payments will be processed until the account is properly funded.

A stop payment fee* will be charged to your account for any Stop Payments that you request be placed on checks submitted through Bill Payment. This fee is deducted from your checking account the month after the stop payment is placed.

*For the most current fees please refer to the TruWest Account Rates and Terms or Business Account Fee Schedule

There is no limit on the number of bill payments per day. There is a daily payee maximum limit of $9,999 and a daily limit maximum of $19,999. However, you may not use Bill Payment services to (a) pay taxes or make other payments to governmental agencies, (b) pay court-directed alimony or support or (c) make payments to payees outside of the United States or U.S. territory.

Additional information and limitations, including cut-off times and vendor information are set forth within the Credit Union Service Agreement for Online Banking Services and related user instructions, the most recent Membership and Account Agreement and the Electronic Fund Transfers Disclosures. These materials will be available to you online at the time you request services or have already been provided.

The Credit Union reserves the right to refuse any transaction which would draw upon insufficient funds, exceed a credit limit, lower an account below a required balance, or otherwise require us to increase our required reserve on the account. We may refuse to honor any transaction for which you do not have sufficient available verified funds. The service will discontinue if no transaction is entered after numerous unsuccessful attempts to enter a transaction, and there may be limits on the duration of each access. You are responsible for any fees that may incur due to the lack of sufficient funds (NSF) or other conditions that may prevent the withdrawal of funds from your account.