Bill Payment Service Agreement
As part of Dalhart Federal Savings Online Banking, you can schedule payment of your periodic bills. You can arrange for the payment of current, future and recurring bills from your Dalhart Federal Savings & Loan Association SSB "checking account". There is no limit to the number of payments that may be authorized. You may pay any merchant or individual who is not prevented from receiving payments by law. By furnishing us with the names of your payees/merchants and their addresses, you authorize us to follow the payment instructions to these payees/merchants that you provide through Online Banking. When we receive a payment instruction (for current or future date), we will remit funds to the payee on your behalf from your designated checking account. However, we shall not be obligated to make any such payment unless your account and/or overdraft protection plan has sufficient funds or credit availability to pay the bill on the Payment Date. Funds for ALL bill payments made by check will be withdrawn from your account on the DAY the check item clears your account. Funds for ALL bill payments made electronically will be withdrawn from your account on the send date.
NOTE: Payments made through Bill Payment require sufficient time for your payee to credit your account properly. To avoid incurring a finance charge or other charge, you must schedule a payment far enough in advance of the due date of your payment. Dalhart Federal Savings & Loan Association SSB shall not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, Dalhart Federal Savings & Loan Association, SSB will not be liable if any third party through whom any bill payment is made fails to properly transmit the payment to the intended payee. Dalhart Federal Savings & Loan Association, SSB will not be liable for delays or losses of payments caused by the U.S. Postal Service or other delivery service. We will also not be liable if there are insufficient funds or credit availability in your designated payment account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the payment account; if the payment account is closed or frozen; or if any part of the electronic funds transfer system is not working properly. Dalhart Federal Savings & Loan Association, SSB will not be liable for bill payments not completed due to circumstances beyond our control (such as fire, telecommunication outages, strikes, or natural disasters). Dalhart Federal Savings & Loan Association, SSB will not be liable for indirect, special, or consequential damages arising out of the use of Bill Payment. Dalhart Federal Savings & Loan Association SSB will not be liable if a payee will not accept payments made through Bill Payment.
Dalhart Federal Savings & Loan Association, SSB reserves the right to terminate your use of Bill Payment at any time without prior notice.
Bill Payment Fees:
75 cents per Bill Payer paper check item25 cents per Bill Payer ACH item
$3.95 monthly maintenance fee
The Bill Payment monthly fees are effective upon enrollment. The fee will be charged to your account at the end of the statement cycle.
Additional fees may also be assessed due to special requests made by you. This includes requests for photocopies of checks ($2.00 per check), and $12 for each stop payment. An $18 non-sufficient funds (NSF) fee will be assessed if the Bill Payment system attempts to pay a bill but cannot due to insufficient funds in the account and the item is returned unpaid. The $18 NSF fee will be assessed each time an attempt is made to pay the bill. An $18 non-sufficient funds (NSF) fee will be assessed if the Bill Payment system pays a bill and the account has insufficient funds when the items clear the account.
If the payment account has insufficient funds to cover the fees, the Bank may deduct the fee from any other transaction account linked to Online Banking. If the fee cannot be paid, we may cancel your Bill Payment service.
Changes to Fees or Other Terms
We reserve the right to change the fees or other terms described in this Agreement. However, when changes are made to any fees, we will notify you on-line, or will send a notice to you at the address shown on our records. All notices will be sent at least thirty (30) days in advance of the effective date of the change, unless an immediate change is necessary to maintain the security of the system. If such a change is made, and it can be disclosed without jeopardizing the security of the system, we will provide you with written or electronic notice within thirty (30) days in advance of the change. By continuing to use the accounts or services to which these changes relate, you are accepting the changes. Changes to fees applicable to specific accounts are governed by the applicable Account Disclosure Statement.