Card Account Use and Purpose. Subject to the limitations set forth in this Agreement, you may use your Card, Card Number, or Account Number, as applicable, to (1) add funds to your Digital Bank Account (as described in the Section below titled “Adding Funds to Your Digital Bank Account”), (2) transfer funds from your Card Account to another person’s Card Account, (3) purchase goods or services wherever your Card is honored as long as you do not exceed the value available in your Digital Bank Account or the Daily Purchase Limit (as defined in the table below), (4) withdraw cash from your Digital Bank Account (as described in the Section below titled “Using Your Card to Get Cash,” (5) create and fund a CASH Card , and (6) transfer funds to another person, who at the time of transfer, does not have a card account but who, at the time of receipt of notice of such transfer by email (by email or text message), will be given and have seventy-two (72) hours to open such person’s own card account in order to use such transferred funds (such person’s failure to do so within seventy-two (72) hours such limited time will cause the transfer to expire automatically, thereby causing such intended transferred funds automatically to return to and be in your Digital Bank Account). The recipient of funds will receive a link via email or mobile phone number to sign up for a card account. That recipient will be required to successfully pass the Customer Identification Program (“CIP”) before the account can be opened and monies received. There may be fees associated with some of these transactions. For fee information, see the “Schedule of Fees and Charges (Schedule A)” attached to this Agreement. You agree not to use your Card for illegal gambling or any other illegal purpose.
Appears in 3 contracts
Samples: Movo Digital Bank Account and Debit Mastercard Agreement, Movo Digital Bank Account and Debit Mastercard Agreement, Movo Digital Bank Account and Debit Mastercard Agreement
Card Account Use and Purpose. Subject to the limitations set forth in this Agreement, you may use your Card, Card Number, or Account Number, as applicable, to (1) add funds to your Digital Bank Account (as described in the Section below titled “Adding Funds to Your Digital Bank Account”), (2) transfer funds from your Card Account to another person’s Card Account, (3) purchase goods or services wherever your Card is honored as long as you do not exceed the value available in your Digital Bank Account or the Daily Purchase Limit (as defined in the table below), (4) withdraw cash from your Digital Bank Account (as described in the Section below titled “Using Your Card to Get Cash,” (5) create and fund a CASH Card , and (6) transfer funds to another person, who at the time of transfer, does not have a card account but who, at the time of receipt of notice of such transfer by email (by email or text message), will be given and have seventy-two (72) hours to open such person’s own card account in order to use such transferred funds (such person’s failure to do so within seventy-two (72) hours such limited time will cause the transfer to expire automatically, thereby causing such intended transferred funds automatically to return to and be in your Digital Bank Account). The recipient of funds will receive a link via email e-mail or mobile phone number to sign up for a card account. That recipient will be required to successfully pass the Customer Identification Program (“CIP”) before the account can be opened and monies received. There may be fees associated with some of these transactions. For fee information, see the “Schedule of Fees and Charges (Schedule A)” attached to this Agreement. You agree not to use your Card for illegal gambling or any other illegal purpose.
Appears in 2 contracts
Samples: Movo Digital Bank Account and Debit Mastercard Agreement, Movo Digital Bank Account and Debit Mastercard Agreement
