Internet Business Banking Service Agreement - Union Bank

date by which the Payment is considered late (e.g. many mortgage payments). The Bank will not be liable forlate charges, penalties, interest, finance charges and other damages if you schedule your Payment to be paidduring a grace period.Bill Pay System A & B: To allow time for the Payee to receive your Payment, you must schedule the Paymentsufficiently in advance to allow for processing and delivery time. The required advance time for a particularPayment is indicated within the Service screens.New Union Bank Bill Pay System: You choose the date the payee will receive your Payment (the “Arrive Bydate”), rather than the date the Payment is sent. The Service will not permit you to select an Arrive By dateearlier than the earliest possible Arrive By date designated for each Payee.When requesting a Payment, your account will be debited as follows:Bill Pay System A -Your account will be debited on the day you designate the Payment to be made (the "Date to Send" or “Sendon Date”). The Payment will be mailed or sent electronically to the Payee the next Business Day. You must haveavailable funds on deposit in the account you specify on the Send on Date for the Payment to be made.Recurring Payments may be set up to occur at regular intervals. They must be for the same amount each time.Any scheduled or recurring Payment request you designate that falls on a Saturday, Sunday or a Bank holidaywill be made on the following Business Day.Bill Pay System B -Your account will be debited on the “processing day” you select based on the due date of your Payment.Recurring Payments may be set up to occur at regular intervals. They must be for the same amount each time.Any scheduled or recurring Payment request you designate that falls on a Saturday, Sunday or a Bank holidaywill be made on the following Business Day.New Union Bank Bill Pay System -Your account will be debited on the day you designate the Payment to be received by the Payee (the “Arrive Bydate”). However, depending on the method of Payment, your Payment Account may be debited prior to theArrive By date. For example, if the selected method of Payment is a laser draft, and the laser draft arrivesearlier than the Arrive By date due to expedited delivery by the postal service, and the Payee immediatelydeposits the laser draft, your Payment Account may be debited earlier than the Arrive By date. The Paymentwill be mailed or sent electronically to be received by the Payee on the Arrive By date indicated. Any futurescheduled recurring Payment request you designate that falls on a Saturday, Sunday or a Bank holiday will bemade on the prior Business Day.The Bank assumes no responsibility for late Payments if you do not properly schedule and submit your request.To ensure that critical or time-sensitive Payments, such as insurance premiums, are made in a timely manner,we recommend that you schedule those Payments well in advance of their Due Dates. Payees may requireextra time to post a Payment to your account because they do not receive a Payment coupon or invoicenumber with the Payment. Some payees disclose the extra processing time they require to post Payments thatdo not include a Payment coupon or invoice.