Bill Payment Agreement

In this agreement, the words “I, me, my and mine” will mean any and all persons who will use the Online Bill Payment Service to include all owners of the “Account.” The word “Account” refers to my checking account, from which my bills will be paid.

1. I authorize NIH Federal Credit Union to post payment transactions generated by PC from the Online Bill Payment Service to the checking account indicated on the Electronic Bill Payment Registration Form being sent electronically. My use of the Online Bill Payment Service signifies that I have read and accepted all terms and conditions of the Electronic Funds Transfer Disclosure that has been provided to me electronically by NIH Federal Credit Union.
2. I understand that NIH Federal Credit Union will not be liable for bill payments that are received late or for any fees I may incur due to sending payments late via online access. I also understand that because many vendors may not be able to accept bill payments electronically, payments may be made by check via U.S. Mail, and therefore, I must initiate payment of those bills up to 10 days prior to the due date to ensure prompt delivery. There is no monthly charge or transaction fee for this service at this time.
3. I understand there is no monthly charge or transaction fee for this service at this time. However, I also understand that should my online bill pay account remain inactive for 60 consecutive days, it will be closed. To utilize free bill pay in the event my account was closed due to inactivity, I understand that I must re-register for bill pay. The credit union will notify me of any fees that may be charged in the future.
4. I understand that I am responsible for any loss or fees I may incur due to the lack of sufficient funds (click here for current NSF fee) or other conditions that may prevent the withdrawal of funds from my account. I further understand that funds will be withdrawn from my account on the bill pay “process date” I select and that funds must be in my account on this date in order to process bill payments.
5. I understand that NIH Federal Credit Union may terminate or cancel my use of the Online Bill Payment Service at any time at their sole discretion and without notice to me. I may terminate or cancel the use of the Online Bill Payment Service by giving written notice to NIH Federal Credit Union at their main office. My written notice of cancellation will become effective not later than 5 business days after they receive the notice. I understand that the termination or cancellation of the Online Bill Payment Service will not affect the liability incurred by me prior to termination or cancellation.

I hereby acknowledge receipt of a copy (available by printing the appropriate pages) of this Agreement and the disclosures attached to this Agreement and agree to all of the terms set forth therein.

I agree to these terms, and the terms of the Electronic Funds Transfer Disclosure that has been provided to me electronically by the NIH Federal Credit Union.