Expedited Bill Payment Agreement

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Des Plaines Bank & Trust™
Expedited Bill Payment Agreement


This Agreement outlines the terms and conditions governing the Expedited Bill Payment feature of Online Banking and Bill Payment services provided by Des Plaines Bank & Trust™ (the “Bank”). This agreement supplements the Online Banking and Bill Payment Agreement and Disclosure. As a customer ("you" or "your" ) of the Bank, you agree to abide by the terms and conditions of this agreement.

Expedited Bill Payment is an optional Bill Payment Service that allows you to submit a payment instruction for same day service.

 

 

 Payment Type Cutoff Times for Same Day Service Transaction Limits Fee
 ElectronicExpedited Payments can be initiated 24 hours a day, 7 days a week.  Expedited Electronic Payments are processed several times throughout the day based on the time of day the payment is submitted; and the cutoff time that the payee is available to accept payments that day. Expedited Electronic Payments are processed Monday through Friday excluding Federal Holidays. See below for more details.$5,000.00
$$20,000.00 aggregate daily limit    
 $10.00
    
 Overnight CheckExpedited Payments can be initiated 24 hours a day, 7 days a week.  Cutoff for Expedited Check Payments is 8:00pm Monday through Friday excluding Federal Holidays. See below for more details.$5,000.00
$$20,000.00 aggregate daily limit
 $20.00
    



Your account will be charged for the payment and fee once the payment has been submitted. If there are insufficient funds to cover the payment and fee, the payment request will be declined when the payment is submitted.  After submitting an Expedited Bill Payment, you cannot modify or cancel the payment!!

Electronic Expedited Payments can be used to send an electronic payment to a managed payee. A managed payee is a payee that has an agreement with us to accept electronic payments. Electronic Expedited Payments are processed several times per day. The option to send an Expedited Electronic Payments is not displayed if an expedited electronic payment cannot be made faster than the standard electronic payment because of payee-specific cutoffs and/or the time of day you are entering the payment.

Overnight Checks can be used to send a payment by check to any payee in your Payee List using FedEx® Overnight Delivery Service. To ensure overnight delivery, Overnight Checks can only be sent to a valid street address in the continental United States excluding Alaska and Hawaii. Overnight Checks cannot be sent to APO or FPO addresses; PO Boxes; or addresses considered undeliverable using USPS standards. You will be required to provide a valid address at the time you setup the Overnight Check Payment. If you enter an undeliverable address, you will receive an error message. A FedEx® tracking number will be assigned to the transaction once the payment has been processed. The FedEx® tracking number is displayed on the Payment Details screen.

January 2009