Common use of Initiating an e-Transfer Clause in Contracts

Initiating an e-Transfer. After the Customer initiates an e-Transfer the amount of funds being transferred will be withdrawn from the applicable Account and an email or text message will be sent to the Recipient using the information provided by the Customer. The email or text message will identify the Customer as the Sender and include the amount of funds, the name of the Recipient, and inform the Recipient that the Customer is using this Service. Before using this Service to send an e-Transfer to a Recipient, the Customer is responsible for ensuring that the Recipient is aware they will be receiving the e-Transfer and can claim the e-Transfer in accordance with these terms and conditions. Interac does not provide notice to the Recipient when a Customer initiates an e-Transfer using Account Number Routing.

Initiating an e-Transfer. After the Customer initiates an e-Transfer Transfer, the amount of funds being transferred will be withdrawn from the applicable Account and an email or text message will be sent to the Recipient using the information provided by the Customer. The email or text message will identify the Customer as the Sender sender and include the amount of funds, the name of the Recipient, and inform the Recipient that the Customer is using this Service. Before using this Service to send an e-Transfer to a Recipient, the Customer is responsible for ensuring that to ensure the Recipient is aware they will be receiving the e-Transfer and can claim the e-Transfer in accordance with these terms and conditions. Interac does not provide notice to the Recipient when a Customer initiates an e-Transfer using Account Number Routing.