(A) The Clerk-Treasurer is authorized to establish accounts at, enter into agreements with, and pay fees to First Financial Bank Corporation; Brazil, Indiana (Home Office: Terre Haute, Indiana), for the purpose of enabling the City Utilities to accept ACH payments in the conduct of monetary transactions.
(B) ACH payments may only be credit to the customers account on the 8th of each month. If the 8th day should fall on a Saturday or Sunday, the credit will be applied to the respective utility customer account on the following Monday.
(C) Utility customers must complete and sign, in person, an automatic payment withdrawal contract and voided check (as prescribed in Exhibit A of Ordinance 31-2006).
(D) In the event that ACH payment results in a non-sufficient fund transaction, a $15 NSF fee will be applied to the account plus any and all penalties. If the ACH payment results in 3 or more non-sufficient fund transactions within a 12-month calendar year, the utility customer shall loose all privileges of the ACH payment service offered by the city utilities.
(E) Utility customers shall have the right to withdraw their request temporarily, not to exceed twice in a 12-month calendar year; however, this limitation shall not apply to customers who request to temporary withdraw do to an erroneously large payment, and when the customer has or is expected to apply for an adjustment. Customer must complete and sign, in person, the necessary form as prescribed in Exhibit B of Ordinance 31-2006. All requests must be completed at least 1 week prior to the scheduled ACH payment, as described in division (B) of this section.
(F) Utility customers shall have the right to permanently withdraw their request by completion of the form as prescribed in Exhibit C of Ordinance 31-2006. All requests must be completed at least 1 week prior to the scheduled ACH payment, as described in division (B) of this section.
(G) The city shall not be held liable for any charges incurred by the utility customer by their financial institution.
(H) The user fee is established in the amount of $0.25 per month per transaction, the fee to be collected and retained by the city for each monetary transaction paid in part or in whole through the use of an ACH payment.
(Ord. 31-2006, passed 11-14-2006)