This Addendum supplements the terms of your First PREMIER Bank Online Banking Agreement and details the terms under which you may use First PREMIER Bank’s Online Bill Payment Service. This Addendum also includes the Electronic Funds Transfer Disclosure. Please read this Addendum carefully and keep a copy for your records.
You and Bank agree as follows:
1. Services and Definitions.
You may use Online Bill Payment to make fund transfers from your designated checking account to a Payee. “Payee” means anyone, including First PREMIER Bank, that you designate and we accept as a recipient of payments made through Online Bill Payment. We reserve the right to refuse the designation of a Payee for any reason. Online Bill Payment may not be used for the following types of payments: 1) payments to a merchant located outside the United States, 2) payments to tax authorities or government and collection agencies, 3) payments to security companies for stock purchases or trade taxing authorities, 4) court-directed payments (e.g., alimony, child support or other legal debts), or 5) payments for any illegal purpose. Each Payee accepted by us will be assigned a payee code. We are not responsible if an online bill payment cannot be made due to incomplete, incorrect or outdated information provided by you regarding a Payee or due to your attempt to pay a recipient that is not an authorized Payee.
2. Access to Services.
You will select a unique User ID and Temporary Personal Identification Number (PIN) during enrollment in Online Bill Payment. With your first access to Online Bill Payment, you will be asked to designate access information as well as other layers of security (instructions will explain them). Your access information is subject to the Access Information provisions set forth in Section 2 of the Online Banking Agreement and the Unauthorized Access provisions set forth in Section 15 of such Agreement.
3. The Bill Paying Process.
A single bill payment will be processed on the business day that you designate as the payment’s process date, provided the payment is submitted prior to the daily cut-off time of 3:00 PM Central Time on the designated process date. A single payment submitted after the cut-off time on the designated process date will be processed on the following business day. The term “business day” means every day except Saturdays, Sundays and federal banking holidays. If you designate a non-business day as the payment’s process date, the payment will be processed on the first business day following the designated process date.
When a recurring payment is processed, it is scheduled by the system to automatically occur at regular intervals. Based upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date, the process date is adjusted based upon the following rules:
- If the recurring payment’s “Pay Backward” option is selected, the process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated process date.
- If the recurring payment’s “Pay Backward” option is not selected (or if the “Pay Backward” option is not available), the process date for the new occurrence of the payment is adjusted to the first business date after the calculated process date.
- If your frequency settings for the recurring payment specify the 29th, 30th, or 31st as a particular day of the month for processing and that day does not exist in the month of the calculated process date, then the last calendar day of that month is used as the calculated process date.
For Single and Recurring Payments, YOU MUST ALLOW AT LEAST SEVEN (7) BUSINESS DAYS, PRIOR TO THE DUE DATE, for each bill payment to reach the Payee. Any bill payment can be changed or canceled, provided you access Online Bill Payment and cancel the bill payment prior to the cutoff time on the business day prior to the business day the bill payment is going to be initiated. Recurring Payments are subject to the Preauthorized Electronic Fund Transfers provisions of the Electronic Funds Transfer Agreement and Disclosure for your designated checking accounts, except as such provisions are specifically revised in this Addendum.
4. Limitations on Bill Payment Transfers.
Payments made through Online Bill Payment will be regarded as funds transfers under Section 4.b of the online Banking Agreement and subject to the provisions of that section. Bank reserves the right, without liability, to reject or reverse a bill payment if you fail to comply with such provisions or any other terms of the Online Banking Agreement or this Addendum. If you do not have sufficient funds in the account from which you make a bill payment and we have not exercised our right to reverse or reject a bill payment, you agree to pay for such payment obligations on demand. You agree that we, at our option, may charge any of your First PREMIER Bank accounts to cover such payment obligations. You further agree to pay the standard non-sufficient funds (NSF) fee for each payment that is approved for which your account is overdrawn, and to pay the standard NSF – returned item fee for each payment that is returned due to insufficient funds.
In certain circumstances, a per item or per day dollar limit may apply to bill payments initiated through Online Bill Payment. You will be notified at the time of the transaction if such limits are exceeded, in which case you will not be allowed to complete the transaction.
5. Payment for Services.
First PREMIER Bank imposes a $4.95 fee each month for the Online Bill Payment Service. We will debit your designated account each month for payment of the monthly fee, even if no bill payments are initiated during the month. However, if you are a Reward Checking customer and you designate your Reward Checking account number as requested upon enrollment, you will not incur a monthly fee. Or, if you are a FREE, Interest or PREMIER Checking customer with direct deposit of payroll or government benefits into that checking account, you will not incur a monthly fee.
Special Services Charges.
Other charges may be incurred for special services; however your approval will be obtained prior to performance of such services. Special Services Charges will also be automatically debited from your designated account immediately following the performance of such special services.
Following are the Special Services Charges which may be incurred if special services are requested by you:
- $10 per standard proof of payment (i.e., copy of cancelled check) delivered to merchants and not necessitated by dispute
- $7.50 per cancellation of each request for payment before disbursement
- $5 per payment returned due to an error made by you
- $10 per ACH return
- $15 per letter/payment mailed Express Mail
- $10 per letter to recipient of payment
The following provisions are in addition to the liability provisions contained in Sections 7 and 8 of the Online Banking Agreement. You are solely responsible for controlling the safekeeping of, and access to, your access information. You are liable for all transactions you make or that you authorize another person to make even if that person exceeds his or her authority. You will be responsible for any bill payment request you make that contains an error or is a duplicate of another bill payment. We are not responsible for a bill payment that is not made if you did not properly follow the instructions for making a bill payment. We are not liable for any failure to make a bill payment if you fail to promptly notify us after you learn that you have not received credit from a Payee for a bill payment. We are not responsible for any late fees associated with any payment for which you have scheduled a payment date after the actual due date on the bill. This is the case even if the Payee allows a “grace period.” You may schedule a payment during the “grace period,” but any late charges associated with a payment scheduled as such will be your responsibility regardless of the cause of the late payment. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages.
7. Periodic Statement.
You will get a monthly account statement from us, unless there are no transactions in a particular month. In any case you will get a statement quarterly. You will get a quarterly statement from us on your savings account if this is the only account you maintain.
8. In case of errors or questions about your electronic transfers.
Telephone us at (605)357-3177, or write us at First PREMIER Bank, PO BOX 1348, Sioux Falls, SD 57101-1348 as soon as you can, if you think your statement is wrong or if you need more information about a transfer listed on the statement. We must hear from you no later than sixty (60) days after we sent the FIRST statement on which the problem or error appeared.
- Tell us your name and account number (if any).
- Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
- Tell us the dollar amount of the suspected error.
If you tell us orally, we may require that you send us your complaint or question in writing within ten (10) business days. We will determine whether an error occurred within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your account within ten (10) business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your account.
If a notice of error involves an electronic fund transfer that occurred within thirty (30) days after the first deposit to the account was made, the error involves a new account. For errors involving new accounts, we may take up to ninety (90) days to investigate your complaint or question. For new accounts, we may take up to twenty (20) business days to credit your account for the amount you think is in error. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.
We will disclose information to third parties about your account or the transfers you make:
- To complete transfers as necessary;
- To verify the existence and condition of your account upon the request of a third party, such as a credit bureau or merchant; or
- To comply with government agency or court orders; or
- If you give us written permission.
10. Online Banking Agreement and Deposit Account Disclosure Agreements.
Except as specifically revised in this Addendum, the terms of the Online Banking Agreement remain in full force and effect. Bill payments are processed by Electronic Fund Transfers (EFT). Any capitalized terms used in the Addendum and not otherwise defined herein will have the meaning set forth in the Online Banking Agreement.