The following disclosures apply to the bill payment process on internet banking:

Bill Payment is free.

Online bill payments may only be made to a U.S. payee in United States dollars.

An allowance of 3-6 business days to process most payments with these exceptions:

  • U.S. Territories (Guam, Puerto Rico, U.S. Virgin Islands)
  • International Military Bases (Armed Forces Americas, Armed Forces Europe, Asia, Canada, Middle East, Armed Forces Pacific)

Bill payments can be transacted through the following two procedures:

  • Paper Check – Checks are printed, inserted, bar-coded, pre-sorted and mailed. Posting time is dependent upon mail delivery and payee processing, approximately 6 days.
  • Electronic – Customer accounts at payee are credited electronically, approximately 3 days.

You are allowed a maximum of 99 bill pay funding accounts.

Bill payments will be made to any government agency with the following limitations:

  • Peshtigo National Bank has limited ability to research any issues that may arise due to the government’s strict adherence to the Consumer Privacy Act.
  • Peshtigo National Bank will not be responsible for any late fees or penalties that may be incurred by these types of payments.

Bill payment limits (some limitations may apply):

  • Per item minimum is $0.01.
  • Per item maximum is $9,999.99.
  • Maximum daily transaction amount of $20,000.00.

No bill payment processing is initiated on a Saturday, Sunday, or a Federal Holiday. Bill payment files are transmitted Monday through Friday at 8:00 p.m. CT. You may schedule a one-time future payment up to 364 days in advance. Demand accounts are debited two days after bill payments are transmitted.

Debit Return Procedures:

  • If there is a returned item, a block is automatically placed on all accounts that have a debit returned. No additional bill payments are processed until the account is properly funded and the return(s) cleared, approximately 5 days.

The following fees may be assessed against your account:

  • Stop Payments – each - $30.00
  • Overdraft – daily overdraft fee - $32.00 - consumer, $35.00 - business, per check, pre-authorized ACH debit, automatic transfer, or in-house withdrawal that overdrew the account. A maximum limit of 5 of the above specified transactions per day could be charged. $15.00 surcharge when daily overdraft balance exceeds $3,000.
  • Returned check - $10.00
  • Check Photocopy - $2.00
  • Reactivation debit card fee - $5.00

Regulation E applies to Bill Pay. Disclosure given at time of account opening. Questions or inquiries should be directed to The Peshtigo National Bank at 715-582-4512 or 888-550-4512.


 

 

 
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