Common use of Description of Service and Consent Clause in Contracts

Description of Service and Consent. Email/Mobile Transfers allows you to send money from your Bank of America personal checking or savings account to another Bank of America customer or a customer of another U.S. based bank by using a recipient's email address or mobile phone number. Another Bank of America customer or a customer of a different U.S. based bank may also send money to your personal or small business account using your email address or mobile phone number. In order to send or receive money transfers, you must register through Online Banking from your personal computer or Mobile Banking from your mobile device. Recipients of your money transfers must also register with Bank of America or another bank participating in the Email/Mobile Transfer Network or with ClearXchangeTM, a company that arranges electronic money transfers. Once registered, you may send a money transfer us ing Online Banking or Mobile Banking by entering the email address or mobile phone number of the recipient. In addition, money sent to your email address or mobile number will be deposited into the personal or small business account you designated when you registered for the service. By participating in the Email/Mobile Transfer Network Service, you are representing to us that you are the owner or you have the authority to act on behalf of the owner of the mobile phone number or email address you are using to send or receive messages regarding money transfers. In addition, you are consenting to the receipt of emails or automated text messages from Bank of America, or its agent, regarding the transfers and represent to us that you have obtained the consent of the recipients of your intended transfers to the receipt of such emails or automated text messages.

Description of Service and Consent. Email/Mobile Transfers allows you to send money from your Bank of America personal checking or savings account to another Bank of America customer or a customer of another U.S. based bank by using a recipient's email address or mobile phone number. Another Bank of America customer or a customer of a different U.S. based bank may also send money to your personal or small business account using your email address or mobile phone number. In order to send or receive money transfers, you must register through Online Banking from your personal computer or Mobile Banking from your mobile device. Recipients of your money transfers must also register with Bank of America or another bank participating in the Email/Mobile Transfer Network or with ClearXchangeTM, a company that arranges electronic money transfers. Once registered, you may send a money transfer us ing using Online Banking or Mobile Banking by entering the email address or mobile phone number of the recipient. In addition, money sent to your email address or mobile number will be deposited into the personal or small business account you designated when you registered for the service. By participating in the Email/Mobile Transfer Network Service, you are representing to us that you are the owner or you have the authority to act on behalf of the owner of the mobile phone number or email address you are using to send or receive messages regarding money transfers. In addition, you are consenting to the receipt of emails or automated text messages from Bank of America, or its agent, regarding the transfers and represent to us that you have obtained the consent of the recipients of your intended transfers to the receipt of such emails or automated text messages.