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5.1 LIMITATIONS OF ACCOUNT ACCESS WITH A PFM
The features of Account Access with a PFM are limited to the extent, and subject to the terms noted below:
Your ability to transfer funds between certain accounts is limited by federal law, as stated in the Deposit Agreements. For example, pre-authorized withdrawals (including transfers made by telephone and by personal computer, among other methods) from savings and money market accounts are limited to six (6) each statement period, and no more than three (3) of which may be made by check. For more information, see the Deposit Agreements.
5.1.1
There may be a one-business day delay in transferring funds between linked accounts.
5.1.2
Each transfer made from a credit account is treated as a cash advance from that account and is subject to terms of the Credit Agreements. If you have a credit card account with an affiliated bank, you appoint the Bank as your agent for purposes of taking any action necessary to complete your request for a cash advance from such account and depositing the cash advance in your designated account in the Bank.
5.1.3
No transfers may be made from an account that requires two or more signatures.
5.1.4
Balance and transaction information provided on any day will generally be current as of the close of business on the preceding business day. Transactional information for your linked accounts will only be available for downloading using Account Access with a PFM for a maximum of 60 days prior to the date of inquiry.
5.1.5
The Bank will not immediately receive electronic messages that you send. See Section 8 if you need to contact the Bank immediately (for example, if you need to report an unauthorized transaction from an account). The Bank will not take action based on your electronic messages until the Bank actually receives your message and has reasonable time to act.
5.1.6
The Bank reserves the right to limit the frequency and dollar amount of transactions from your accounts for security reasons.
5.2 LIMITATIONS OF BILL PAY WITH A PFM
The features of Bill Pay with a PFM limited to the extent, and subject to the terms, noted below:
5.2.1
An account that requires two or more signatures to make withdrawals may not be designated as a Payment Account. If you later change a Payment Account to require two or more signatures, you agree not to use that account to make payments and you agree to notify the Bank of the change. When you use Bill Pay with a PFM, you agree that the Bank may debit a Payment Account to pay checks that you have not signed.
5.2.2
Using Bill Pay with a PFM, you can only pay payees with United States addresses. While most payments can be made using one of the aforesaid Bill Pay services, the Bank reserves the right to refuse to make payments to certain payees. Payment of taxes or court-directed payments through the Services is prohibited.
5.2.3
Automatic recurring payments must be for the same amount each month and they will be paid on the same calendar day of each month, each payment period. If the regular payment day falls on a weekend or holiday, it will be paid on the preceding business day.
5.2.4
When you have entered and transmitted a payment instruction, you authorize the Bank to reduce the Payment Account accordingly. If there are insufficient funds in the Payment Account to make payments you have authorized, the Bank may either refuse to make the payment or it may make the payment and thereby overdraw the Payment Account. In either event, you are responsible for any non--sufficient funds ("NSF") or overdraft charges the Bank may impose, as stated in the Deposit Agreements. The Bank reserves the right to refuse to honor payment instructions that reasonably appear to the Bank to be fraudulent or erroneous.
5.2.5
It is your responsibility to schedule your bill payments in such a manner that your bills will be paid on time. When using Bill Pay with a PFMyou should enter and transmit your bill payment instructions at least four (4) business days before a bill is due. You are responsible for any late payment or finance charges that may be imposed as a result of your failure to transmit payment instructions at least four business days in advance. Payment instructions received by the Bank on weekends or holidays will be considered received on the next business day. The Bank is not responsible for delays caused by the United States Postal Service.
5.2.6
Payments made using Bill Pay with a PFM may be received by the payee and presented to the Bank for payment before your requested payment date. As described in Section 14.1.1, we will not be liable for any losses you may suffer if you fail to have sufficient funds in your account to make your payments.
5.2.7
You should schedule payments to be made on or before the date each payment is due, rather than during any grace period after the due date. We are not responsible for any late payment or finance charges that may be imposed because you schedule a payment to be made after its due date.
5.2.8
Your bill payments will not include your payee's standard remittance slip. Some payees may take more time to process your payment if the remittance slip is not included, and some payments sent without the remittance slip may be processed by your payee at a different address. As a result, you should contact your payees to determine the proper address and amount of lead-time for scheduling your payments.
5.2.9
The Bank will not immediately receive electronic messages that you send. See Section 8 if you need to contact the Bank immediately (for example, if you need to report an unauthorized transaction from an account). The Bank will not take action based on your electronic message until the Bank actually receives your message and has reasonable time to act.
5.2.10
The Bank reserves the right to limit the frequency and dollar amount of transactions from your accounts for security reasons. Payment of taxes or court-directed payments through Bill Pay with a is prohibited.
5.2.11
Your ability to make payments from certain accounts is limited by federal law, as stated in the Deposit Agreements. For example, preauthorized withdrawals (including payments made by telephone and by personal computer, among other methods) from savings and money market accounts are limited to six (6) each statement period, no more than three (3) of which may be made by check. For more information, see the Deposit Agreements.
5.2.12
The Bank reserves the right to select the method in which to remit funds on your behalf to your Payee. These payment methods may include, but may not be limited to, an electronic payment, an electronic to check payment, or a laser draft payment.
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