Common use of P2P Disputes Clause in Contracts

P2P Disputes. You acknowledge and agree that if your Payment Instructions identify a P2P Payee’s account by the name and account number of the Payee, the relevant financial institution, including SoFi Bank, may execute such Payment Instructions by reference to the account number only, even if such account number does not correspond to the Payee name listed in your Payment Instructions. You further acknowledge and agree that in the event of a disputed P2P payment, the Payee’s financial institution, including SoFi Bank, may choose to not investigate discrepancies between account names and account numbers and that SoFi Bank has no ability or responsibility to investigate discrepancies between Xxxxx’s account names and account numbers. You agree that we will not be liable in any way for any P2P payments that you may receive, regardless of whether you authorized the Payee to send them to you.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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P2P Disputes. You acknowledge and agree that if your Payment Instructions identify a P2P PayeeXxxxx’s account by the name and account number of the Payee, the relevant financial institution, including SoFi Bank, institution may execute such Payment Instructions by reference to the account number only, even if such account number does not correspond to the Payee name listed in your Payment Instructions. You further acknowledge and agree that in the event of a disputed P2P payment, the Payee’s financial institution, including SoFi Bank, institution may choose to not investigate discrepancies between account names and account numbers and that SoFi Bank Securities has no ability or responsibility to investigate discrepancies between Xxxxx’s account names and account numbers. You agree that we will not be liable in any way for any P2P payments that you may receive, regardless of whether you authorized the Payee to send them to you.

Appears in 1 contract

Samples: Sofi Money Customer Agreement

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P2P Disputes. You acknowledge and agree that if your Payment Instructions identify a P2P PayeeXxxxx’s account by the name and account number of the Payee, the relevant financial institution, including SoFi Bank, may execute such Payment Instructions by reference to the account number only, even if such account number does not correspond to the Payee name listed in your Payment Instructions. You further acknowledge and agree that in the event of a disputed P2P payment, the Payee’s financial institution, including SoFi Bank, may choose to not investigate discrepancies between account names and account numbers and that SoFi Bank has no ability or responsibility to investigate discrepancies between Xxxxx’s account names and account numbers. You agree that we will not be liable in any way for any P2P payments that you may receive, regardless of whether you authorized the Payee to send them to you.

Appears in 1 contract

Samples: Account Agreement

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