First Mountain Bank
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Electronic Bill Pay
Disclosure and Authorization
The following terms and conditions apply to your use of Bill Pay via First Mountain Bank's Online Banking system. Your use of Bill Pay at First Mountain Bank's Online Banking constitutes your agreement to these terms and conditions. Please refer to the "Schedule of Fees and Charges" disclosure for fees related to Bill Pay Service.
Registering for Bill Pay
Bill Pay allows you to give online instructions to make payments to a third party from your First Mountain Bank checking account. When you complete the Online Banking application and check the box for Bill Pay, you will then have the option to access Bill Pay through your First Mountain Bank Online account.
Payments you authorize through Bill Pay are made either by paper check generated by the Bill Pay processor or electronically by ACH entries. Payments you authorize will be made electronically via ACH if the entity you are paying has established an electronic payment relationship with the Bill Pay processor and the payee appears on the electronic payee database. Otherwise, your authorized payment will be made by paper check.
For Electronic Payees:
You must schedule the payment at least three (3) full business days prior to the date the payment is due at your Payee.
For Check Payees:
You must schedule the payment at least five (5) full business days prior to the date the payment is due at your Payee.
The Bill Pay system allows you to schedule single or recurring payments.
Payments scheduled after 10:00 a.m. Pacific Time will not process until the next business day.
Funds Debited from Checking Account
For Electronic Payees:
On the process date that you select, the Bill Pay processor generates an electronic debit (in the amount of the requested payment) to your checking account. When you request an electronic Payment, your payment account (checking account) will be charged the day you designate as the day payment from your account should be made (the "Payment Date"). You are responsible to make certain funds are available in your account on the payment date.
For Check Payees:
When you request a payment that will be made by a paper check, your payment account (checking account) will be charged the day the check is presented for payment at First Mountain Bank. You are responsible to make certain funds are available in your account on the payment date.
Payees Receiving Payments
The payee should be in receipt of payment within three (3) banking business days for an electronic payee and five (5) banking business days if the payee is paid by check.
First Mountain Bank is not liable for any service fees or late charges levied against you except as described below.
Payment on Holidays and Weekends
Bill Pay does not process payments on Saturdays, Sundays, or legal bank holidays (non-processing days). In cases where a payment is scheduled for a non-processing day, the payment is processed on the prior processing day. You should avoid setting payments, especially recurring payments, for non-processing days.
For scheduled electronic payments, the Bill Pay system will verify you have sufficient funds before processing the requested payment. If there are not sufficient funds in your account, the requested payment will not be made and it will show on your account as a failed transaction. The system will continue to reprocess the transaction until there are sufficient funds in the account or you remove the scheduled payment from the Bill Pay system.
For payments scheduled to be paid by check, the system will generate the check even if the account does not have sufficient funds at the time of the scheduled payment. However, when the check is presented for payment, if there are non-sufficient funds (NSF) in your account to cover the item, you will be charged the standard NSF fee and the item will be returned.
Errors in Payment
If you select an electronic payee address that matches your payment coupon exactly and the Bill Pay processor routes the payment to a different payment center, we will reimburse any payee-imposed late fees up to $50.00. If you select an electronic payee with an address that is different from that indicated on the payment coupon, you are responsible for the late charge. You always have the option to manually set up a payee with the correct address found on the payment coupon.
Placing a Stop Payment
A Payment may be edited or deleted anytime before the payment is processed. For stop payment requests initiated after processing, you must contact us by calling 909-866-5861 or use our secure message system by logging into NetTeller and clicking on the Contact tab. Payments remitted electronically cannot be stopped. Fees apply to stop payment requests (see "Schedule of Fees and Charges").
Closing Bill Pay Service
Please contact First Mountain Bank at 909-866-5861 to close your Bill Pay Account.
Fees for Bill Pay
There are no monthly fees for general online banking access through NetTeller. The Bill Pay feature is free of monthly service charges for the first 90 days. Thereafter a monthly fee may apply depending upon the type of checking account you have with the Bank. The types of accounts and monthly fees that apply are outlined in the "Schedule of Fees and Charges". For those accounts subject to the fee, it is $5.95 per month for the first 15 items paid through Bill Pay, plus $0.40 per item over 15.
Authorization and Acceptance
You authorize First Mountain Bank to post payment transactions requested by you through the Bill Pay service to the account indicated on the Online Banking Application. You understand that you are responsible for the use of the NetTeller ID and password assigned to or established by you. If you decide to discontinue the Bill Pay service, you will notify First Mountain Bank. Your use of Bill Pay signifies that you have read and accepted all terms and conditions of the bill paying service. You also understand that you are responsible for any loss or penalty that you may incur due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account.