Common use of Duty to Promptly Update Contact Information Clause in Contracts

Duty to Promptly Update Contact Information. To timely receive Account Disclosures, Account Statements and other information, you must ensure that the primary mobile phone number and email address that you provided as part of your application remain current at all times. You agree to promptly update the “My Profile” section of your Account to update any changes to the contact information you have provided in your Account Application. In addition to promptly updating your contact information, you must ensure that your laptop, tablet, smartphone or other device used to access your Account will permit you to receive, open and view (and if desired, store and print) the Disclosures we will send to you by text, email or otherwise. Since our ability to deliver Account Statements, Disclosures, account security alerts and other important information, is directly contingent on the accuracy and validity of the mobile phone number(s) and email address(es) you provide, if your contact information remains invalid for a period of ten (10) days or more, SoFi Bank reserves the right to suspend your Account until you have provided, and SoFi Bank has verified to its satisfaction, your updated contact information. While your Account is suspended, SoFi Bank will not honor any debit or other outgoing transactions, including any Bill Pay Payments, ATM withdrawals, outgoing P2P Transfers or other similar transactions initiated by you. During any such suspension, SoFi Bank will continue to honor all credit transactions, including deposits and incoming P2P Transfers. If you fail to provide updated contact information within a reasonable time after a request, as determined by SoFi Bank in our sole discretion, we reserve the right to close and terminate your Account in accordance with the procedures set forth herein.

Duty to Promptly Update Contact Information. To timely receive Account Disclosures, Account Statements and other information, you must ensure that the primary mobile phone number number, email address, physical street address and email mailing address that you provided as part of your application remain current at all times. You agree to promptly update the “My Profile” section of your Account to update any changes to the contact information you have provided in your Account Application. In addition to promptly updating your contact information, you must ensure that your laptop, tablet, smartphone or other device used to access your Account will permit you to receive, open and view (and if desired, store and print) the Disclosures we will send to you by text, email or otherwise. Since our ability to deliver Account Statements, Disclosures, account security alerts and other important information, is directly contingent on the accuracy and validity of the mobile phone number(s) number, email address, physical street address, and email address(es) mailing address you provide, if your contact information remains invalid for a period of ten (10) days or more, SoFi Bank reserves the right to suspend your Account until you have provided, and SoFi Bank has verified to its satisfaction, your updated contact information. While your Account is suspended, SoFi Bank will not honor any debit or other outgoing transactions, including any Bill Pay Payments, ATM withdrawals, outgoing P2P Transfers or other similar transactions initiated by you. During any such suspension, SoFi Bank will continue to honor all credit transactions, including deposits and incoming P2P Transfers. If you fail to provide updated contact information within a reasonable time after a request, as determined by SoFi Bank in our sole discretion, we reserve the right to close and terminate your Account in accordance with the procedures set forth herein.

Duty to Promptly Update Contact Information. To timely receive Account Disclosures, Account Statements and other information, you must ensure that the primary mobile phone number and email address that you provided as part of your application remain current at all times. You agree to promptly update the “My Profile” section of your Account to update any changes to the contact information you have provided in your Account Application. In addition to promptly updating your contact information, you must ensure that your laptop, tablet, smartphone or other device used to access your Account will permit you to receive, open and view (and if desired, store and print) the Disclosures we will send to you by text, email or otherwise. Since our ability to deliver Account Statements, Disclosures, account security alerts and other important information, is directly contingent on the accuracy and validity of the mobile phone number(s) and email address(es) you provide, if your contact information remains invalid for a period of ten (10) days or more, SoFi Bank Securities reserves the right to suspend your Account until you have provided, and SoFi Bank Securities has verified to its satisfaction, your updated contact information. While your Account is suspended, SoFi Bank Securities will not honor any debit or other outgoing transactions, including any Bill Pay Payments, ATM withdrawals, outgoing P2P Transfers or other similar transactions initiated by you. During any such suspension, SoFi Bank Securities will continue to honor all credit transactions, including deposits and incoming P2P Transfers; and Free Credit Balances will continue to be swept to Program Banks in accordance with the terms of the SoFi Money Sweep Program. If you fail to provide updated contact information within a reasonable time after a request, as determined by SoFi Bank Securities in our sole discretion, we reserve the right to close and terminate your Account in accordance with the procedures set forth hereinin Section XVIII.