PFCU's Bill Payment Disclosure
The Credit Union may pay your bills for you automatically through the "Credit Union Originated Bill Payment Plan" for fixed monthly payments such as a mortgage payment. With this plan, your bills may be paid either electronically (ACH) or by check. If the payee is unable to accept payment electronically via ACH, the payment will be made by check or, if you prefer, by wire. The fee will be $8.00 if wired in the U.S. and $20.00 if wired outside the U.S. You can also elect to pay bills through the "Member Originated Bill Payment Plan" for variable payments such as utility and credit card payments by using the Home Banking System and/or the PARS (Parsons Audio Response System). This form must be completed in order to participate in any of the bill payment services. For instructions on how to use these services, please refer to the Home Bank/Bill-Payment and PARS brochures. The terms in these brochures are incorporated herein by reference. An "On-Demand" Bill Payment Service is available only to members who are overseas and are unable to use other bill payment services. Scheduled Withdrawal Dates: The Credit Union may take up to two business days to process your bill payment request from the date of withdrawal. Payments are mailed from the credit union within two working days of the account withdrawal date. However, due to unavoidable delays, the credit union recommends that scheduled withdrawal dates be made in advance of their due dates. In any event, the Credit Union is not responsible for any delay of receipt by the Payee. Holidays, weekends and non-working days: If the debit date falls on a Friday, a holiday or a weekend, then the payment will be processed the previous working day. Changes to your payments: All changes to bill payments for either plan are to be made in writing to PFCU at least 24 hours in advance. Insufficient Funds: The Credit Union will not pay bills if funds are unavailable at the time of the withdrawal. The Credit Union will notify you if funds are not available. Your signature below acknowledges that you have received a copy of the electronic services disclosure and agreement provided in the Truth in Savings brochure; and that you authorize PFCU to pay your bills as instructed on the applicable addendum. The Credit Union will not be held responsible for payments that have not been received by the Payees unless caused by error of the Credit Union. You have read and understand this agreement. If there are any questions regarding the Bill Payment Services, you may contact the Credit Union at (626) 440-7000.