AGREEMENT/TERMS & CONDITIONS
This is your bill paying agreement with LEYDEN CREDIT UNION. You may use
LEYDEN CREDIT UNION'S bill paying service, LEYDEN ONLINE/BILL PAY, to direct
LEYDEN CREDIT UNION to make payments from your designated checking 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).
"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, 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 any payee you wish in the US. 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incomplete, incorrect, or outdated information provided by you regarding a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
THE BILL PAYING PROCESS
A single payment will be processed on the business day (generally Monday
through Friday, except certain holidays) that you designate as the payment’s
process date, provided the payment is submitted prior to the daily cut-off
time on that date. The daily cut-off time, which is controlled by the
financial institution, is currently 2:00 PM, Central Time. A single
payment submitted after the cut-off time on the designated process date will
be processed on the following business day. If you designate a non-business
date (generally weekends and certain holidays) as the payment’s process
date, the payment will be
processed on the first business day following the designated process date.
When a recurring payment is processed, it is automatically rescheduled by
the system. Based upon your selected frequency settings for the payment, a
process date is calculated for the next occurrence of the payment. If the
calculated process 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 Backward” option is selected, the process
date for the new occurrence of the payment is adjusted to the first business
date prior to the calculated process date. If the recurring payment’s “Pay
Backward” option is not selected (or if the “Pay Backward” option is not
available), the process date for the new occurrence of the payment is
adjusted to the first business date after the calculated process 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 process date, then the last
calendar day of that month is used as the calculated process date.
For Single and Recurring Payments, YOU MUST ALLOW AT LEAST FIVE (5) BUSINESS
DAYS, PRIOR TO THE DUE DATE, for each bill payment to reach the Payee. (For
midwest subscribers, allow 7 days and for west coast subscribers, allow 8
days.) Any bill payment can be changed or canceled, provided you access the
Bill Pay Service prior to the cut-off time on the business day prior to the
business day the bill payment is going to be initiated.
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.
The financial institution reserves the right to change the cut-off time. You
will receive notice if it changes.
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.
The fee for the Bill Paying Service is $0.00 per month, for an
unlimited number of monthly payments.
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
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
Expedited Payment Fees will include:
Overnight Fee: $14.95
2nd Day Fee: $9.95
Reinstate Fee: $50.00
Gift Pay Fees will include:
Gift Check: $2.99
Charitable Donations Fee: $1.99
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 opened your account, which discloses important information
concerning your rights and obligations.