Online Bill Payment Agreement

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MODERN WOODMEN BANK ONLINE BILL PAYMENT -  This Online Bill Payment Authorization and Agreement (the “ Agreement ”)states the conditions for the Online Bill Payment service (the “ Service ”)that will enable you to perform the transactions described in this Agreement.When you use the Services you agree to the terms of this Agreement. These terms and conditions are in addition to those outlined in the "Terms and Conditions of Your Accounts" which apply to any account you have with us. If the terms and conditions of this Agreement conflict with those contained in the "Terms and Conditions of Your Accounts"; the " Online Bill Payment Authorization and Agreement (the Agreement)”  will control. By clicking on the button by which you elect to enroll in the Service,you acknowledge that you have read, understand and agree to the terms in this Agreement.

By providing Modern Woodmen Bank with the names and account information of the payees to which you wish to direct payment, you authorize Modern Woodmen Bank to follow the payment instructions that are entered through the Service. Your payment will be issued electronically, or by paper, depending on the payment method agreed to by the payee.

A payment request submitted prior to the 3:00 p.m. Central Time (CT) cutoff will be processed on the same business day. Payment requests submitted after the cutoff time of 3:00 p.m. CT will be processed the next business day. All payments requested during weekends and holidays will be processed the next business day. 

When Modern Woodmen Bank acts on a payment instruction, you authorize us to charge your Modern Woodmen Bank account and remit funds on your behalf.

While we anticipate that we will complete most transactions on the day you designate,it is possible that, due to circumstances beyond our control, particularly delays in handling and posting payments by the payee, some transactions may take longer.

You may designate a “Send on Date” which displays the “Delivery on Date” for each bill payment. Electronic delivery of payments is not available for all payees.All Deliver on Dates should be prior to any late date or grace period. Our receipt of your bill payment instructions authorizes us to debit your Online Bill Payment Account and to remit funds on your behalf to the designated payee.We will perform the Service in such a manner as to allow funds to arrive at the designated payee's location as near as reasonably possible to the Deliver on Date designated by you. You also authorize us to credit your account they were withdrawn from for payments returned to us by the United States Postal Service or any payee.

You understand and agree that it is your responsibility to authorize bill payments in such a manner that the bills will be paid on time and that the payee will receive your payment no later than the Due Date on the statement provided to you by the payee.

Modern Woodmen Bank will debit your account on the date which you select for the “Send on Date” of your payment. If you properly follow the procedures described in the “How Do I” help screens and Modern Woodmen Bank fails to deliver a payment on or before the “Deliver on Date”, Modern Woodmen Bank will bear responsibility for late charges ($50.00 maximum) subject to the nine (9)exceptions stated below:

Modern Woodmen Bank will make every effort to ensure all payments are processed properly. However, Modern Woodmen Bank shall incur no liability if it is unable to complete any payments you initiate through Modern Woodmen Bank because of the existence of one or more of the following circumstances:

(1)You schedule your payment to transact less than three (3) business days for electronic and five (5) business days for paper checks and first time payees before the actual due date stated on your invoice;

(2)Your account does not contain sufficient funds to complete the payment.Payments are based on available funds as described in Modern Woodmen Bank’s Funds Availability Schedule;

(3)Modern Woodmen Bank Online Bill Payment is not working properly and you know or Modern Woodmen Bank has advised you, before you execute the transaction, not to use the bill payment service due to a temporary malfunction;

(4)The payee mishandles or delays a payment sent by Modern Woodmen Bank;

(5)You have not provided Modern Woodmen Bank with all the necessary information for those payees to which you wish to direct payment;

(6)You request a payment in an amount over the maximum allowed $9,999.99;

(7)Circumstances beyond Modern Woodmen Bank’s control (such as, but not limited to, fire, flood, or interference from an outside force) preventing the proper execution of the transaction and Modern Woodmen Bank has taken reasonable precautions to avoid those circumstances;

(8)  You instruct Modern Woodmen Bank to make a payment of taxes or court-ordered payments. As noted below, Modern Woodmen Bank cannot make these types of payments as it cannot guarantee that the funds will be applied to the correct account ;

(9)Modern Woodmen Bank may disable your bill payment service if your account remains inactive for a period of 3 months.

If Modern Woodmen Bank causes an incorrect amount of money to be removed from your Modern Woodmen Bank account or causes money from your Modern Woodmen Bank account to be directed to a person or entity that does not comply with your payment instructions and none of the above nine (9) exceptions apply, Modern Woodmen Bank shall be responsible for returning the improperly transferred funds to your Modern Woodmen Bank account. This liability is subject to your duty to notify us within 60 days from when your periodic statement is made available to you, as disclosed below.

THE FOREGOING SHALL CONSTITUTE MODERN WOODMEN BANK’S ENTIRE LIABILITY AND YOUR EXCLUSIVE REMEDY. IN NO EVENT SHALL MODERN WOODMEN BANK BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING LOST PROFITS (EVEN IF ADVISED OF THE POSSIBILITY THEREOF) ARISING IN ANY WAY OUT OF THE INSTALLATION, USE OR MAINTENANCE OF THE EQUIPMENT, SOFTWARE AND/OR THE BILL PAYMENT SERVICE. 

Charges and Fees  -Please refer to the Truth in Savings Disclosure for the account type you own.

Insufficient Funds  -If you have instructed Modern Woodmen Bank to make a payment for which there are insufficient available funds in your Modern Woodmen Bank account, Modern Woodmen Bank will not make the payment and will notify you by placing a message in your bill pay account mailbox.

Taxes or Court-Ordered Payments  - You cannot make payments of taxes or any court-ordered payments. This type of payment through Modern Woodmen Bank Online Bill Payment is prohibited.

Payee Limitation  -Modern Woodmen Bank reserves the right to refuse to pay any payee to whom you may direct a payment. Modern Woodmen Bank is obligated to notify you promptly if it decides to refuse to pay a payee designated by you. This notification is not required if you attempt to pay taxes or make court-ordered payments through Modern Woodmen Bank Online Bill Payment. You may not pay taxes or make court-ordered payments through Modern Woodmen Bank Online Bill Payment.

Alterations and Amendments  -Modern Woodmen Bank may change bill payment features, applicable fees and service charges from time to time. In such event, Modern Woodmen Bank shall send an e-mail notice to your e-mail address, as it appears on our records, if the changes are unfavorable to the customer prior to the change. We may also notify you via U.S. mail. Any use of this bill payment service after the change(s) take(s) effect will constitute your agreement to such changes.

User Confidentiality  -Modern Woodmen Bank identifies users by their unique User ID, Password and PassMark. Each person authorized to withdraw from an account will be issued a separate User ID and Password. Modern Woodmen Bank will attribute to you all bill payment service transactions initiated with your User ID and Password. You agree not to give or make available your User ID and Password. If you believe that your User ID and/or Password has been compromised, you must immediately notify Modern Woodmen Bank at 1-877-255-2265 and change your password.

 

Inactive Online Accounts 

(1)Modern Woodmen Bank may deactivate your bill payment service if it is not utilized for a period of three months.

(2)Modern Woodmen Bank may deactivate your internet access if it is not utilized for a period of three months.

Information Authorization  -You agree that Modern Woodmen Bank reserves the right to obtain financial information regarding your account from a payee or financial institution to resolve payment posting problems.

Disputes  -  In the event of a dispute regarding the bill payment service, you and Modern Woodmen Bank agree to resolve the dispute by looking to this Agreement. You agree that this Agreement is the complete and exclusive statement of the agreement between you and Modern Woodmen Bank which supersedes any proposal or prior agreement, oral or written, and any other communications between you and Modern Woodmen Bank relating to the subject matter of this Agreement. If there is a conflict between what one of Modern Woodmen Bank’s employees says and the terms of this Agreement, the terms of this Agreement shall control.

Assignment  -You may not assign this Agreement to any other party. Modern Woodmen Bank may assign this Agreement to any future, directly or indirectly, affiliated company. Modern Woodmen Bank may also assign or delegate certain of its rights and responsibilities under this Agreement to independent contractors or other third parties.

No Waiver  -Modern Woodmen Bank shall not be deemed to have waived any of its rights or remedies here under unless such waiver is in writing and signed by Modern Woodmen Bank. No delay or omission on the part of Modern Woodmen Bank in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.