Instant Payments. If enabled by Platform, you may fund your Account instantly using an eligible debit card (Instant Account Funding) or instantly transfer funds from your Account to an eligible debit card (Instant Push to Card). You will have to link the debit card to the Account using the Platform App and provide such additional information requested on the Platform App regarding the transaction, and the debit card must be enabled by the payment network for instant transfer services. These transactions operate through card networks (Visa Direct and Mastercard MoneySend). Cross-border transactions and credit cards are not eligible for Instant Account Funding or Instant Push to Card. Raenest charges 0.9% with a cap of $30 for push to card Limits for Instant Account Funding and Instant Push to Card transactions are set forth below. These limits are subject to periodic review and to change based on your Account history, activity, Platform’s reviews and other factors. We reserve the right to allow you to conduct transactions in excess of the limits at any time without prior notice. Additional limits may be imposed by other financial institutions involved in Instant Account Funding and Instant Push to Card transactions that are outside of our control. Transaction Type Consumer Debit Card - Dollar Limit per Day Consumer Debit Card - Dollar Limit per Transaction Business Debit Card - Dollar Limit per Day Business Debit Card - Dollar Limit per Transaction Instant Account Funding $10000 No Limit No Limit No Limit Instant Push to Card $30000 $10,000 No Limit No Limit You will not use Instant Account Funding or Instant Push to Card transactions to violate any applicable law or regulation, including OFAC rules. Instant Account Funding and Instant Push to Card transactions may fail, be rejected or be delayed due to a review by us or other financial institutions involved in the transactions, such as for fraud, regulatory, or compliance reasons, or if the transaction exceeds applicable limits. An Instant Account Funding transaction also may fail or be rejected for the following reasons, without limitation: (i) there are insufficient funds available in the sender's account; (ii) you reject the payment or decline to receive such payments generally; (iii) the payment exceeds the sender's limits; (iv) your Account is closed, invalid, or ineligible to receive such payments, or is being monitored for suspected fraudulent or other illegal activity; and
Instant Payments. We may receive payments on your behalf that have been transmitted via an instant payments network, including the Real-Time Payments (RTP®) and FedNow® instant payments networks. Instant payments are subject to the applicable network’s rules. To the extent the Electronic Funds Transfer Act and the Bureau of Consumer Financial Protection’s Regulation E do not apply to any instant payment, instant payments transmitted over the RTP® network are governed by the laws of the state of New York (without regard to its conflicts of law rules), including Article 4A of the New York Uniform Commercial Code, and instant payments transmitted over the FedNow® network are governed by the Federal Reserve Board’s Regulation J. All instant payments are subject to the requirements of the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the Financial Crimes Enforcement Network (“FinCEN”). You may not send instant payments through us; however, if you are enrolled in the Zelle® Payment Service through True Blue Online® Banking, your transactions processed through that service may be sent via the RTP® network. Instant payments are processed 24 hours a day, seven days a week, including weekends and holidays, and are available only to customers and accounts that are located in the United States. Once initiated by the sender, an instant payment will settle to your account in seconds, unless the instant payment fails or is delayed due to a review by us or the sender’s financial institution for fraud, legal, or compliance purposes. Instant payments will be considered a same day deposit if received prior to 10:00 p.m. Central Time. Transaction availability is subject to periodic system maintenance. Transaction limits imposed by the instant payments networks or insufficient funds in the sender’s account may also prevent instant payments from being sent to your account. Once sent, an instant payment cannot be cancelled or amended by the sender; however, the sender’s financial institution may request that we return the funds. You agree that we may, in our sole discretion and to the fullest extent permitted by law, debit your account and return the amount requested without notice to you. If you do not wish to accept an instant payment made to your account, you may request that we return the payment to the sender, but we shall have no obligation to do so. If the sender’s payment instructions provide both the name and the account number of the intended recipient,...
