BillPay Agreement

BillPay Agreement

INTRODUCTION

Somerset Trust Company Bill Payment Service allows you to pay your bills and schedule bill payments from your designated checking account to the Payees you choose in accordance with this agreement. Our unique eBill service enables you to bring together, in one convenient location, summary information from as many of your bills as you wish, provided that these billers, selected by you, make this information available in an acceptable manner for online retrieval. You should carefully read this Bill Payment Service Agreement/Disclosure and review the Somerset Trust Company Online Banking Service Agreement (Terms and Conditions) as they exist and as may be amended from time to time and any applicable fee schedules before you use Somerset Trust Company’s Bill Payment Services.

 

PAYMENT LIMITS

The Bank, in its discretion, may set limits on the dollar amount of payments and/or transfers, the number of payments and/or transfers that may be made through the bill payment service, including without limitation daily, weekly, monthly, and per transfer limits.

 

Bill Payments

You may make payments through Bill Payment Service (“SERVICE”) to any business, person or professional ("PAYEE") that has an address which can be verified. Bill Payments (“BILL PAYMENTS”) may be made only to Payees with a United States payment address. SERVICE reserves the right to refuse to accept any bill payment transaction. BILL PAYMENTS for alimony, child support, taxes, government fees, or court ordered payments are not always accepted.  You can make these payments, but SERVICE does not guarantee that it will be accepted or posted in a timely manner.  You must do so at your own risk.

1. BILL PAYMENTS will be sent to the PAYEE either electronically or by paper check mailed to the PAYEE via the U.S. Postal Service. The choice of electronic or paper check is solely at the discretion of SERVICE. How We Post Items To Your Account: We post electronic cash items, electronic transfer or bill payment items, or recurring auto debits to your account to make loan or other payments you have initiated in the order in which they occur. Generally, we will post your inclearing or memo check transactions in the order of your lowest numbered check to your highest numbered check (commonly referred to as “Ascending Check Number Order” or “Sequential Order"). Over the Counter checks are posted in the order in which they are received. You should be aware that other transactions (such as ATM, telephone banking, online transfers or in-branch withdrawals) may affect the amount of funds available to make your payment. 

 

2. When you schedule a bill payment transaction, you authorize Somerset Trust Company to reduce the Account balance accordingly. If the available balance in the Account is not sufficient to make payments you have authorized, SOMERSET TRUST COMPANY may either refuse to pay the item or make the payment and thereby overdraw the account. In either event, you are responsible for any unavailable funds, insufficient funds and overdraft charges that may be imposed, as stated in Somerset Trust Company’s fee and disclosure statements. SOMERSET TRUST COMPANY reserves the right to refuse to honor payment requests that may reasonably appear to be fraudulent or erroneous.
    
3. When a BILL PAYMENT is scheduled, an estimated delivery date is given, based on the method of delivery being used to make the payment.  However, payments should be scheduled at least five (5) business days before the business day on which a bill payment is due to ensure that SERVICE has sufficient time to process and deliver the payment. SERVICE is not responsible for payment delivery delays caused by the U.S. Postal Service or for payment processing delays after the PAYEE has received the payment. Any charges imposed as a result of your failure to transmit bill payment transactions at least five (5) business days before a payment is due are your responsibility. SERVICE’s responsibility for any late payment beyond this timeframe is strictly limited to the late charge only, up to a MAXIMUM of $50.  The SERVICE is not responsible for finance charges, interest, indirect, incidental, special or consequential damages related to the late payment.

 

4. SERVICE may be used to authorize automatic recurring BILL PAYMENTS of repetitive bills. You may schedule recurring payments to be automatically initiated for a fixed amount on a weekly, biweekly, monthly, quarterly or annual basis. The day on which the payment is to be sent is referred to as the "Date/Recurrence." If the payment date/recurrence is scheduled for a non-business day, it will be processed on the prior business day.
    

ACH, Transfers, Person-to-Person, and other Electronic Payments

You may make other electronic payments through SERVICE to any business, person or professional. Electronic Payments (“e-PAYMENTS”) may be made only to Payees with a United States address, if the necessary information needed for the delivery method is entered. SERVICE reserves the right to refuse to accept any e-PAYMENT transaction.

1. e-PAYMENTS will be sent to the PAYEE either electronically via Automated Clearing House or by some other electronic delivery method. The choice of delivery method is solely at the discretion of SERVICE. How We Post Items To Your Account: We post electronic cash items, electronic transfer or bill payment items, or recurring auto debits to your account to make loan or other payments you have initiated in the order in which they occur. Generally, we will post your inclearing or memo check transactions in the order of your lowest numbered check to your highest numbered check (commonly referred to as “Ascending Check Number Order” or “Sequential Order"). Over the Counter checks are posted in the order in which they are received. You should be aware that other transactions (such as ATM, telephone banking, online transfers or in-branch withdrawals) may affect your Account Balances.

 

2. When you schedule an e-PAYMENT transaction, you authorize SOMERSET TRUST COMPANY to reduce the Account balance accordingly. If the available balance in the Account is not sufficient to make payments you have authorized, SOMERSET TRUST COMPANY may either refuse to pay the item or make the payment and thereby overdraw the account. In either event, you are responsible for any unavailable funds, insufficient funds and overdraft charges that may be imposed, as stated in the SOMERSET TRUST COMPANY’S fee and disclosure statements. SOMERSET TRUST COMPANY reserves the right to refuse to honor payment requests that may reasonably appear to be fraudulent or erroneous.
    
3. When an e-PAYMENT is scheduled, an estimated delivery date is given, based on the method of delivery being used to make the payment.  All payments should be scheduled to allow 1 additional day beyond the estimated delivery date for the PAYEE to post the payment.  You are responsible for any charge that may be imposed as a result of your failure to allow for 1 additional day.  SERVICE’s responsibility for any late charges is strictly limited to the late charge only, up to a MAXIMUM of $50.  The SERVICE is not responsible for finance charges, interest, indirect, incidental, special or consequential damages related to the late payment.

 

SERVICE may be used to authorize automatic recurring e-PAYMENTS of repetitive bills. You may schedule recurring payments to be automatically initiated for a fixed amount on a weekly, biweekly, monthly, or quarterly basis. The day on which the payment is to be sent is referred to as the "Date/Recurrence." If the payment date/recurrence is scheduled for a non-business day, it will be processed on the prior business day. 

The use of the “Send ACH Payment” feature is only available to consumer Bill Pay users, and is solely intended to be used for sending recurring ACH credits to the consumer’s accounts at other financial institutions.  This “Send ACH Payment” feature is not intended to be used for ACH credit transfers to any third-party consumer or business.  Use of this feature for anything other than the intended purpose is expressly prohibited, and could result in revocation of access to SERVICE.    

Stopping BILL PAYMENTS or e-PAYMENTS

The following steps may be taken to delete or stop pending BILL PAYMENTS or e-PAYMENTS:

1. Deleting Payments. If you have scheduled a BILL PAYMENT OR e-PAYMENT and would like to cancel the payment, you must do so before the payment is processed.  The time varies based on the settlement method being used for the payment.  If you cannot access the online banking service to request that the payment be deleted, please contact the SOMERSET TRUST COMPANY for further assistance, prior to the cut-off time of 2:00 PM EST.
    
2. Liability for Failure to Delete a Payment. You cannot delete or cancel a payment after it has been processed. SOMERSET TRUST COMPANY is liable, only if you notify SOMERSET TRUST COMPANY at least one (1) business day or more before the scheduled payment date.  Otherwise, SOMERSET TRUST COMPANY is not responsible for any indirect, incidental, special or consequential damages, except to the extent such limitation of liability is not permitted by law.
    
3. Stopping Payments.  Once the online payment has been processed, you CANNOT delete or stop BILL PAYMENTS settled electronically, or e-PAYMENTS. You may be able to stop a BILL PAYMENT only if it has been paid by paper check. To stop an online paper payment, contact the SOMERSET TRUST COMPANY’S customer service department. SOMERSET TRUST COMPANY will only be able to stop the online check payment if the paper check has not cleared and is able to process the stop payment request before the check clears. To be effective, this type of stop payment request must precisely identify the name of the Payee, payment amount and date you scheduled the payment to be processed. If you call, Somerset Trust Company will also require you to sign a stop payment request within fourteen (14) calendar days after you call. Somerset Trust Company will charge your account our regular fee for each stop payment order you give. Somerset Trust Company will not be responsible for failing to act on a stop payment if you do not give Somerset Trust Company the correct Payee information or if Somerset Trust Company does not have a reasonable opportunity to process the stop payment order.

 

 

PROHIBITED PAYMENTS

You agree not to use the bill payment service or the content or information delivered through bill payment service in any way that would: (a) infringe any third-party copyright, patents, trademark, trade secret, or other proprietary rights or rights of publicity or privacy; (b) be fraudulent or involve the sale of counterfeit or stolen items; (c) violate any law, statute, ordinance or regulation (including, but not limited to, those governing export control, consumer protection, unfair competition, anti-discrimination or false advertising); (d) be false, misleading or inaccurate; (e) create liability for the Bank or its affiliates or service providers, or cause the Bank to lose (in whole or in part) the services of any of the Bank’s service providers; (f) be defamatory, trade libelous, unlawfully threatening or unlawfully harassing; (g) potentially be perceived as illegal, offensive or objectionable; (h) interfere with or disrupt computer networks connected to the Bill payment service; (i) interfere with or disrupt the use of the Bill payment service by any other user; (j) impose an unreasonable or disproportionately large load on the Bank’s infrastructure; (k) facilitate any viruses, trojan horses, worms or other computer programming routines that may damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data or information; (l) constitute use of any robot, spider, other automatic device, or manual process to monitor or copy the Service or the portion of the Site through which the Service is offered without the Bank’s prior written permission; (m) constitute use of any device, software or routine to bypass technology protecting the Bank’s website or the bill payment service, or interfere or attempt to interfere, with the Bank’s website or the bill payment service; (n) may cause the Bank or its service providers to lose any of the services from the Bank’s internet service providers, payment processors, or other vendors or (o) use the bill payment service in such a manner as to gain unauthorized entry or access to the computer systems of others. The Bank has the right but not the obligation to monitor for, block, cancel and/or reverse payments involving any of the above.

Payments prohibited through the Bill payment service are (a) payments involving any of the uses described above; (b) payments to or from persons or entities located in prohibited territories (including any territory outside of the United States); (c) payments that violate any law, statute, ordinance or regulation, including without limitation any payments for unlawful internet gambling; and/or (d) payments that violate the Acceptable Use terms provided below.

 

In no event shall the Bank or its service providers be liable for any claims or damages resulting from your scheduling of prohibited payments. The Bank has no obligation to research or resolve any claim resulting from a prohibited payment. All research and resolution for any misapplied, misposted or misdirected prohibited payments will be your sole responsibility.

 

Third Party Accounts

You understand and agree that, in order to provide eBills, it is necessary for the Bank to access third party Web sites and data bases containing information regarding your accounts and financial relationships as designated by you ("Third Party Accounts"), on your behalf, to retrieve information as requested or authorized by you. Accordingly, we will ask you to provide information needed to access your Third Party Accounts, and we will use this information only on your behalf and to carry out your instructions.
 

By using eBills, you authorize the Bank to access such Third Party Accounts to retrieve such Content as requested or authorized by you, or for any other purpose authorized by this Agreement. You warrant and represent that the information you are providing the Bank with is true, correct and complete. You represent and warrant to the Bank that you have the right to authorize and permit us access to your Third Party Accounts, you assure us that by disclosing the information to us and by authorizing us to use such information to access your Third Party Accounts you are not violating any third party rights.

 

You authorize and permit the Bank to use Content and other information submitted by you to the Bank (such as account passwords and user names) to accomplish these purposes and to configure the eBills to be compatible with the Third Party Accounts.

 

For as long as you are using eBills, you give to the Bank a limited power of attorney and appoint the Bank as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and stead, in any and all capacities, to access the Third Party Accounts, retrieve Content, and use your Content, all as described above, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with the eBills, as fully to all intents and purposes as you might or could do in person.

 

Once the Bank has actual knowledge that you wish to cease using the eBills as provided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney is automatically revoked; provided, however, that any act done by the Bank in good faith before it has actual knowledge of termination by you shall be deemed to be authorized by you. To notify the Bank that you wish to discontinue using the eBills, you must do so at the bill pay site.
 

YOU UNDERSTAND AND AGREE THAT AT ALL TIMES YOUR RELATIONSHIP WITH EACH THIRD PARTY ACCOUNT PROVIDER IS INDEPENDENT OF THE BANK AND YOUR USE OF THE EBILLS. SOMERSET TRUST COMPANY WILL NOT BE RESPONSIBLE FOR ANY ACTS OR OMISSIONS BY THE BILLER OR OTHER PROVIDER OF ANY THIRD PARTY ACCOUNT, INCLUDING WITHOUT LIMITATION ANY MODIFICATION, INTERRUPTION OR DISCONTINUANCE OF ANY THIRD PARTY ACCOUNT BY SUCH PROVIDER.
 

YOU ACKNOWLEDGE AND AGREE THAT WHEN THE BANK IS ACCESSING AND RETRIEVING INFORMATION FROM THE THIRD PARTY ACCOUNTS, THE BANK IS ACTING AS YOUR AGENT, AND NOT AS THE AGENT OF OR ON BEHALF OF THE THIRD PARTY. YOU AGREE THAT THE BANK, ITS' AFFILIATES AND PARTNERS SHALL BE ENTITLED TO RELY UPON THE FOREGOING AUTHORIZATION, AGENCY AND POWER OF ATTORNEY GRANTED BY YOU.

 

YOU AGREE THAT SOMERSET TRUST COMPANY SHALL NOT BE LIABLE FOR ANY COSTS, FEES, LOSSES OR DAMAGES OF ANY KIND INCURRED AS A RESULT OF (1) THE BANK’S ACCESS TO THE THIRD PARTY ACCOUNTS; (2) THE BANK’S RETRIEVAL OF OR INABILITY TO RETRIEVE INFORMATION FROM THE THIRD PARTY ACCOUNTS; (3) ANY INACCURACY, INCOMPLETENESS OR MISINFORMATION CONTAINED IN CONTENT RETRIEVED FROM THE THIRD PARTY ACCOUNTS AND (4) ANY CHARGES IMPOSED BY THE PROVIDER OF ANY THIRD PARTY ACCOUNT.

 

Alert Service

The alert service enables you to receive a notice via email or other devices concerning available information in your Third Party Accounts. You can set alerts for each of your Third Party Accounts registered on the eBills. You are responsible for determining the criteria that governs the alert and the eBills will send an alert to you based upon the instructions you provide to us. Your instructions are neither reviewed nor verified by the Bank prior to or following activation of any alert. At any point, you can enable or disable an alert, or delete the alert altogether.

 

YOU UNDERSTAND AND ACCEPT THAT AN ALERT IS TRANSMITTED ELECTRONICALLY AND YOU ACKNOWLEDGE THAT YOU HAVE NO EXPECTATION OF PRIVACY WITH RESPECT TO SUCH INFORMATION. YOU ACKNOWLEDGE THAT THE INFORMATION IN THE ALERT IS UNENCRYPTED AND CAN BE ACCESSED, USED, OR MISAPPROPRIATED BY UNINTENDED THIRD-PARTY RECIPIENTS. THE BANK IS NOT RESPONSIBLE FOR ANY UNAUTHORIZED USE OR MISAPPROPRIATION OF ANY AND ALL INFORMATION TRANSMITTED THROUGH THE ALERT. THE BANK DOES NOT GUARANTEE THE DELIVERY OR THE ACCURACY OF THE CONTENTS OF EACH ALERT. YOU ACKNOWLEDGE AND AGREE THAT DELIVERY OF AN ALERT MAY BE DELAYED OR PREVENTED BY FACTOR(S) OUTSIDE OUR CONTROL.

 

THE BANK PROVIDES THIS SERVICE AS A CONVENIENCE TO YOU FOR INFORMATION PURPOSES ONLY. THE BANK RESERVES THE RIGHT TO TERMINATE ITS ALERT SERVICE AT ANY TIME WITHOUT PRIOR NOTICE TO YOU. THE BANK SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES CAUSED BY (A) NON-DELIVERY, DELAYED DELIVERY, OR THE MISDIRECTED DELIVERY OF AN ALERT; (B) INACCURATE OR INCOMPLETE INFORMATION IN AN ALERT; OR (eBILL) YOUR RELIANCE ON OR USE OF THE INFORMATION PROVIDED IN AN ALERT FOR ANY PURPOSE.

 

Links To Third Party Sites

The eBills may contain links to other Web sites ("Linked Sites"). Such links are provided solely as a convenience for you. While the Bank will attempt to select and provide links to Linked Sites that it believes may be of interest to its customers, the Bank does not screen, approve, review or otherwise endorse any content or information contained in any Linked Sites. You acknowledge and agree that Bank, its affiliates, service providers, agents and partners are not responsible for the contents of any Linked Sites, including the accuracy or availability of information provided by Linked Sites, and makes no representations or warranties regarding the Linked Sites or your use of them.

 

NO UNLAWFUL OR PROHIBITED USE

As a condition of using the Service, you warrant to the Bank that you will not use the Service for any purpose that is unlawful or is not permitted, expressly or implicitly, by the terms of this Agreement or by any applicable law or regulation. You further warrant and represent that you will not use the Service in any manner that could damage, disable, overburden, or impair the Service or interfere with any other party's use and enjoyment of the Service. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Service. You agree that these warranties and representations will remain in full force and effect even if this Agreement terminates for any reason.

LIABILITY

 

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 hereby indemnify and release the Bank from any and all liability and agree not to make any claim against the Bank or bring any action against the Bank honoring or allowing any bill payments where you have authorized the person performing the bill payment to use your account. You agree to reimburse the Bank for any losses it suffers or any damages, injuries, costs or expenses it incurs (including attorney’s fees) as a result of the Bank’s honoring or allowing bill payments on the account.

You will be responsible for any Bill Payment request you make that contains an error or is a duplicate of another Bill Payment. The Bank is not responsible for a Bill Payment that is not made if you did not properly follow the instructions for making a Bill Payment.

The Bank is 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.

The Bank is not responsible for your acts or omissions or those of any other person, including, without limitation, any transmission or communications facility, and no such party shall be deemed to be the Bank’s agent.

In any event, the Bank will not be liable for any special, consequential, incidental, or punitive losses, damages, or expenses in connection with this Agreement or the Service, even if we have knowledge of the possibility of them. The Bank is not liable for any act, failure to act or delay in acting if it is caused, in whole or in part, by any cause beyond the Bank's reasonable control.

The limitations of liability set forth in this agreement are subject to, and limited by any state or federal law to the contrary.

 

 

AMENDMENT AND TERMINATION

The Bank has the right to change this Agreement at any time by notice mailed to you at the last address shown for the Account on the Bank's records, by posting notice in branches of the Bank, or as otherwise permitted by law.

 

The Bank may modify or discontinue the Service or your account with the Bank with or without notice to you, any other user or any third party. The Bank reserves the right to terminate your account at any time and for any reason, including without limitation if the Bank, in its sole judgment, believes you have engaged in conduct or activities that violate any of the Terms or Conditions of the Service, or if you provide the Bank with false or misleading registration information or interfere with other users or the administration of the Service.

 

You may terminate the Service at any time by using the online feature on the bill pay site or within online banking to unsubscribe. You may contact a service representative for assistance if you are unsure how to accomplish this. You may terminate this Agreement by written notice to the Bank. After the Bank has accepted your termination of the Service, the Bank will not access your Third Party Accounts thereafter for any reason, however we may, at our discretion, continue to make information available to you that was collected prior to the Service being terminated. THE BANK IS NOT RESPONSIBLE FOR ANY FIXED PAYMENT MADE BEFORE THE BANK HAS A REASONABLE OPPORTUNITY TO ACT ON YOUR TERMINATION NOTICE. YOU REMAIN OBLIGATED FOR ANY PAYMENTS MADE BY THE BANK ON YOUR BEHALF.

 

If the Service with the Bank is terminated for any reason, you will have no further right or access to use the Service, and the Bank will not access your Third Party Accounts thereafter for any reason.

 

FEE SCHEDULE

Bill Payment service charges may be assessed based on the services provided.

• Unavailable funds, insufficient funds and overdraft fees: As per Bank Fee schedule
• Expedited Payments: $29.95 (overnight)

You agree to pay such charges and authorize us to automatically charge your designated checking account for bill payment for these amounts and any additional charges that may be incurred by you. Fees are subject to change.

 

 

ELECTRONIC FUND TRANSFERS
YOUR RIGHTS AND RESPONSIBILITIES

(Personal Accounts Only)

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party's account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to:

• Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your checking, savings, or money market account(s).
• Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking, statement savings, or money market savings account(s).
• Electronic check conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.
• Electronic returned check charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

Please also see Limitations on frequency of transfers section regarding limitations that apply to savings accounts.

STC PhoneLine Telephone Transfers - types of transfers and frequency limitations - You may access your account by telephone 24 hours a day at 1-888-STC-9797 using your personal identification number, your personal touch tone phone, and your account numbers, to:

• transfer funds from checking to checking
• transfer funds from checking to statement savings
• transfer funds from checking to money market savings
• transfer funds from statement or money market savings to checking
  • you may make no more than six transfers per calendar month
• transfer funds from savings to savings (statement or money market)
  • you may make no more than six transfers per calendar month
• get information about:
  • the account balance of checking accounts
  • the account balance of statement or money market savings accounts

Please also see Limitations on frequency of transfers section regarding limitations that apply to telephone transfers.

ATM Transfers - types of transfers, dollar limitations, and charges - You may access your account(s) by ATM using your ATM/Debit card and personal identification number, to:

• make deposits to checking account(s) with an ATM/Debit Card (only at ATMs we own or operate that accept deposits)
• make deposits to savings or money market account(s) with an ATM/Debit Card
  (only at ATMs we own or operate that accept deposits)
• get cash withdrawals from checking account(s) with an ATM/Debit Card
  • you may withdraw no more than $500.00 per business day
  • there is a charge of $1.00 for cash withdrawals at ATMs we do not own or operate
• get cash withdrawals from savings or money market account(s) with an ATM/Debit Card
  • you may withdraw no more than $500.00 per business day
  • there is a charge of $1.00 for cash withdrawals at ATMs we do not own or operate
• transfer funds from savings or money market to checking account(s) with an ATM/Debit Card
• transfer funds from checking to savings or money market account(s) with an ATM/Debit Card
• transfer funds from checking to checking with an ATM/Debit Card
• transfer funds from savings or money market to savings or money market with an ATM/Debit Card
• get information about:
  • the account balance of your checking account(s)
    • with an ATM/Debit Card
  • the account balance of your savings or money market account(s)
    • with an ATM/Debit Card

Some of these services may not be available at all terminals.

Please also see Limitations on frequency of transfers section regarding limitations that apply to ATM transfers.

Types of ATM/Debit Card Point-of-Sale Transactions - You may access your checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.

Point-of-Sale Transactions - dollar limitations - Using your card:

• you may not exceed $2,000.00 in transactions per business day

Please also see Limitations on frequency of transfers section regarding limitations that apply to debit card transactions.

Currency Conversion. If you effect a transaction with your MasterCard®-branded debit card in a currency other than US Dollars, MasterCard will convert the charge into a US Dollar amount. The MasterCard currency conversion procedure includes use of either a government-mandated exchange rate, or a wholesale exchange rate selected by MasterCard. The exchange rate MasterCard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account.

Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

STC Anywhere or OnLine Banking Computer Transfers - types of transfers, dollar limitations and charges - You may access your account(s) by computer 24 hours a day using your login ID and password, to:

• transfer funds from checking, savings, money market or line of credit to other checking, savings, money market or Christmas Club
• transfer funds from checking, savings, money market or line of credit to other STC customers
• make payments from checking, savings, money market or line of credit to loan accounts with us
• make payments from checking to third parties (Bill Payment)
  • please refer to our separate fee schedule for charges
• get information about:
  • the account balance of checking, savings, money market, time deposit or loan accounts
  • deposits to checking, savings, money market or time deposit accounts
  • withdrawals from checking, savings or money market accounts
  • payments to loan accounts
  • advances on loan accounts

Please also see Limitations on frequency of transfers section regarding limitations that apply to computer transfers.

Mobile Banking Transfers - types of transfers and frequency - You may access your account(s) by Smartphone and using your user identification, your password, and your challenge/security questions, to:

• transfer funds from checking, savings, money market or line of credit to other checking, savings, money market or Christmas Club
• transfer funds from checking, savings, money market or line of credit to other STC customers
• make payments from checking, savings, money market or line of credit to loan accounts with us
• make payments from checking to third parties (Bill Payment)
  • please refer to our separate fee schedule for charges
• get information about:
  • the account balance of checking, savings, money market, time deposit or loan accounts
  • deposits to checking, savings, money market or time deposit accounts
  • withdrawals from checking, savings or money market accounts
  • payments to loan accounts
  • advances on loan accounts

Please also see Limitations on frequency of transfers section regarding limitations that apply to electronic transfers.

Limitations on frequency of transfers - In addition to those limitations on transfers elsewhere described, if any, the following limitations apply:

• Transfers from a money market savings or statement savings account to another account or to third parties by preauthorized, automatic, telephone agreement, computer transfer, draft or similar order to third parties are limited to six per calendar month.
• Transfers from a Money Market Plus, IRA Savings, Super Money Market Plus, or Advantage Interest account to another account or to third parties by preauthorized, automatic, telephone agreement, or computer transfer or by check, draft, or similar order to third parties are limited to six per calendar month.
• For security reasons, there are other limits on the number of transfers you can make by ATM.
• For security reasons, there are other limits on the number of transfers you can make by Debit Card.

FEES

• We do not charge for direct deposits to any type of account.
• Please refer to our separate fee schedule for charges.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

DOCUMENTATION

• Terminal transfers. You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.
• Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money or you can call us at (814) 443-9200 to find out whether or not the deposit has been made.
• Periodic statements.
  You will get a monthly account statement from us for your checking accounts:
  You will get a monthly account statement from us for your savings or money market accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

PREAUTHORIZED PAYMENTS

• Right to stop payment and procedure for doing so. If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how:
  Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.
  Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give and for revocation of a preauthorized debit.
• Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)
• Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION'S LIABILITY

Liability for failure to make transfers. 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. However, there are some exceptions. We will not be liable, for instance:

1. If, through no fault of ours, you do not have enough money in your account to make the transfer.
2. If you have an overdraft line and the transfer would go over the credit limit.
3. If the automated teller machine where you are making the transfer does not have enough cash.
4. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
5. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
6. There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

1. where it is necessary for completing transfers; or
2. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
3. in order to comply with government agency or court orders; or
4. as explained in the separate Privacy Disclosure.

UNAUTHORIZED TRANSFERS

(a) Consumer liability.

• Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission.

If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

• Additional Limits on Liability for MasterCard®-branded debit card. You will not be liable for any unauthorized transactions using your MasterCard®-branded debit card if: (i) you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft, and (ii) upon becoming aware of a loss or theft, you promptly report the loss or theft to us.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this brochure. You should also call the number or write to the address listed in this brochure if you believe a transfer has been made using the information from your check without your permission.

ERROR RESOLUTION NOTICE

In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this brochure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

1. Tell us your name and account number (if any).
2. 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.
3. 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 10 business days.

We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) 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 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three 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.

 

SOMERSET TRUST COMPANY
CUSTOMER SERVICE
151 WEST MAIN STREET, P.O. BOX 777
SOMERSET, PENNSYLVANIA 15501

Business Days: Monday through Friday
Excluding Federal Holidays
Phone: (814) 443-9200

MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST