Bill Pay Terms and Conditions
In this agreement, "I, me, my, you and your" refer to the person or personas signing this Agreement. "Account" refers to my checking account, which is listed above and from which my bills will be paid.
- When You use Automated Bill Payment, You agree to provide the correct name, address, and account information of the creditors or others whom You want to be paid, as well as the correct payment amount. The limitations on the transfers and payments you may make are described in the Disclosure of Rights and Responsibilities.
- Funds will arrive at Your targeted creditor and/or account as close as reasonably possible to the date You designate in Your payment and/or transfer instruction ("Payment Date"). Subject to the terms and conditions of this Agreement, You authorize Us, and any third party acting on Our behalf, to choose the most effective method to process the payment and/or transfer, including electronic means, paper or some other draft means or any other effective means. The Payment Date You indicate must always be an Automated Bill Payment Business Day (as defined in the Disclosure of Rights and Responsibilities). If it is not, the Payment Date will be deemed to be the first Automated Bill Payment Business Day after the date indicated.
- Automated Bill Payment may not be used to transmit alimony, child support or other court-directed payments or tax payments.
- We reserve the right to refuse to make any payment and/or transfer.
- You agree to maintain sufficient funds in the funding account on the Payment Date You request.
- I hereby authorize Savers Co-Operative Bank or its authorized agent to make payments to creditors for me, as I may authorize by PC (personal computer) from time to time and also authorize Savers Co-Operative Bank to post such payments to my account.
- I understand that Savers Co-Operative Bank or its authorized agent will use reasonable efforts to ensure payments reach creditors on time, but cannot guarantee the time a payment will be posted by a creditor. Savers Co-Operative Bank or its authorized agent will use reasonable effort in ensuring creditors reverse any service fee or late charge that is related to payment process error. I also understand that Savers Co-Operative Bank or its authorized agent will not be responsible for any loss or penalty that I may incur due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from my account.
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- I understand that in the event Savers Co-Operative Bank is unable to process a Bill Payer transaction due to insufficient funds in my designated checking account, a notice of insufficient funds will be mailed, a fee of $25.00 will be charged to your account and my Bill Payment Usage will be suspended. This suspension may be without prior notice to me.
- I understand that in the event my Bill Payment Usage should be suspended, any one-time payments that I have made and any automatic payments I have set up will not be processed
Cancellation Request
I may cancel my Bill Payment at any time by sending an email to Emanager@saversbank.com stating my name and that I no longer wish to use Bill Payment.
) designates a link that will transfer you outside the Savers Bank website.