PLEASE READ THIS AGREEMENT CAREFULLY BEFORE REGISTERING FOR THIS SERVICE.
This Common Sense Pay Disclosure and Addendum (the “Addendum”) supplements and constitutes as part of NBH Bank, (“the Bank”) Online Banking Agreement (the “Agreement”), and sets forth additional terms and conditions for use of the Bank’s Common Sense Pay service (“Common Sense Pay”). The Agreement remains in full force and effect and is supplemented by this Addendum. To the extent there is a conflict between the terms of the Agreement and this Addendum, the terms of the Addendum will govern your use of Common Sense Pay. Further, by enrolling in Common Sense Pay, you agree that the terms of this Addendum apply only to your use of Common Sense Pay and do not apply to other products, services, or transactions under the Online Banking Agreement or any other Agreements you have entered into with the Bank.
Common Sense Pay is a fast and easy electronic person-to-person payment service that facilitates transfers between your account and any person or entity with an eligible financial institution account or PayPal® account. Additionally, you may receive funds through Common Sense Pay from a payment generated by another user of Common Sense Pay. In order to utilize Common Sense Pay, you must maintain an eligible funding account (“Account”) and enroll in the Bank’s Online Banking Service. To be considered an eligible funding account, an Account must have check-writing privileges that are linked and accessible via Online Banking. You can facilitate a transfer (“Payment”) to a person or entity (“Recipient”) utilizing their financial institution information, mailing address, email address, or mobile telephone number.
COMMON SENSE PAY AUTHORIZATION
You (the “Sender”) authorize the Bank to follow Payment instructions we receive from you through the Common Sense Pay when you provide us with the names, mailing addresses, telephone numbers, email addresses, or bank account information for Recipients to whom you wish to direct Payments. When we initiate processing of such Payments you have authorized through Common Sense Pay, you also authorize us to debit the Account for the amount of the Payment, plus any service fees in effect at the time the Payment instructions are received, and to remit funds to the Recipient as indicated in the Payment instructions.
The Bank is relying on information you provide when you enter Payment instructions. Any errors, including incorrect Recipient names, mailing addresses, email addresses, mobile telephone numbers, or bank or account number information, are your responsibility as the Sender, and the Bank does not confirm or verify the information you enter prior to sending the Payment.
PAYMENT CRITERIA AND LIMITATIONS
Limits for Common Sense Pay will vary based on the relationship the Sender has with The Bank. Payments made through Common Sense Pay are subject to the following criteria and limitations: